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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Latest Articles


All provisions for Trust/NPO at one place in Income Tax Bill 2025

Income Tax : The Income-tax Bill, 2025 has been tabled in Parliament on 13th February 2025, marking a significant step toward simplifying the l...

February 19, 2025 264 Views 0 comment Print

Budget 2025: Key Income Tax Proposals

Income Tax : Overview of key income tax changes for non-residents, charitable trusts, and individuals, including SEP rules, fund management, an...

February 18, 2025 4272 Views 0 comment Print

Budget 2025 Synopsis: Tax Reforms & Economic Initiative

Income Tax : Budget 2025 focuses on economic growth, tax reforms, and infrastructure. Key changes include new tax rates, financial sector refor...

February 18, 2025 423 Views 0 comment Print

Tax Benefits for Parents under Income Tax Act 1961

Income Tax : Explore tax benefits available for parents under the Income Tax Act, including education, health insurance, and deductions for med...

February 18, 2025 777 Views 0 comment Print

Income Tax on Redemption of Debt Mutual Funds

Income Tax : Understand tax rules for debt mutual funds based on purchase date. Learn about slab rates, LTCG tax, indexation, and rebate eligib...

February 18, 2025 5160 Views 0 comment Print


Latest News


Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 2583 Views 0 comment Print

ICMAI on Non-inclusion of ‘Cost Accountant’ in Income Tax Bill 2025

Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...

February 17, 2025 14952 Views 2 comments Print

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...

February 15, 2025 1005 Views 0 comment Print

KSCAA Seeks Clarity on Eligibility of Appeals with Delay Condonation under VSVS

Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...

February 15, 2025 117 Views 0 comment Print

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 14, 2025 9438 Views 0 comment Print


Latest Judiciary


ITAT Bangalore Remands Section 54 Exemption Case for Review

Income Tax : ITAT Bangalore sets aside CIT(A) order in Section 54 exemption case due to lack of documents. The case is remanded for fresh revie...

February 19, 2025 174 Views 0 comment Print

Non-Compliance Due to Email Change: ITAT Restores Quantum & Penalty Appeals to CIT(A)

Income Tax : ITAT Pune restores Mauli Nagari's tax case to CIT(A)-NFAC due to non-compliance issues. Read about penalties, unexplained cash dep...

February 19, 2025 27 Views 0 comment Print

ITAT Luncknow directed CIT(A) to re-consider condonation as delay of 4 days erroneously calculated as 551 days

Income Tax : ITAT Lucknow held that delay of 4 days erroneously calculated as delay of 551 days by CIT(A). Accordingly, directed CIT(A) to cons...

February 19, 2025 42 Views 0 comment Print

AO’s order cannot be deemed erroneous Solely Due to PCIT Disagreement: ITAT Jaipur

Income Tax : Explore the ITAT Jaipur decision in Mujmmeel Vs ACIT, examining Section 263 order invoking unexplained investments and its implica...

February 19, 2025 78 Views 0 comment Print

ITAT quashes Section 271(1)(c) penalty on estimated 24.50% NP rate addition

Income Tax : ITAT Chandigarh rules against penalty on estimated income in AKM Resorts vs ACIT, reinforcing that additions based on estimation d...

February 19, 2025 69 Views 0 comment Print


Latest Notifications


CBDT extends Due Date for Filing Form 56F for AY 2024-25

Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...

February 19, 2025 3366 Views 0 comment Print

Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 831 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 138270 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 231 Views 0 comment Print

Income Tax Act: Section 285 Notification for Liaison Office Statement Filing

Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...

February 10, 2025 387 Views 0 comment Print


Notification No. 62/2011 – Income Tax Dated 14/6/2011

June 14, 2011 486 Views 0 comment Print

NC Notification No. 62/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 22, Holy Spirit Ashram – expansion of the existing 50 beds general hospital with 100 beds with special consideration of AIDS and Cancer (with R&D unit) by Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai -400703, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 72/2011 – Income Tax Dated 14-6-2011

June 14, 2011 438 Views 0 comment Print

NC Notification No. 72 /2011- Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 17, Extension of Geetanjali Hospital, construction of gynaecology and child care block by Geetanjali University Trust, 19-C, Old Fatehpura, Udaipur-313001, Rajasthan, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 67/2011 – Income Tax Dated 14-6-2011

June 14, 2011 486 Views 0 comment Print

NC Notification No. 67/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 862(E), dated the 12th December, 1997, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 4 “(a) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; (b) Modernisation of existing hospital, medical, equipments, furnishing, ambulance, preliminary expenses; and (c) Undertaking mobile health clinics and community health workers’ programme” by Dr. M.L. Dhawale Memorial trust, C/o Dr. K.M Dhawale, Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, as an eligible project or scheme for a period of three years

Notification No. 57/2011 – Income Tax Dated 14-6-2011

June 14, 2011 633 Views 0 comment Print

NC Notification No. 57/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 1, Project for BTTP (Bus Them to Purkal) Scheme, Yuva Shakti, Young Adult Education Programme, Stree Shakti by The Purkal Youth Development Society, Purkal village, P.O. Bhagwantpur,Dehradun 248 009, Uttarakhand, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 61/2011 – Income Tax Dated 14-6-2011

June 14, 2011 576 Views 0 comment Print

NC Notification No. 61/2011 – Income Tax WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O. 1586(E), dated the 11th November, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 6, “Home for physically handicapped girls and women” by Ramakrishna Vivekananda Mission, Rajgarhia House, 7, Riverside Road, Barrackpore, 24 Parganas (North), West Bengal – 700120, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O. 2374(E), dated 3rd October, 2008 for a period of three years beginning with financial year 2008-09;

Notification No. 56/2011 – Income Tax Dated-14-6-2011

June 14, 2011 522 Views 0 comment Print

NC Notification No. 56/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 7, Expansion of residential Blind School by Vidyaniketan Sanskritik, Samajik, Shikshanik, Bahuuddeshiya Sevabhavi Sanstha, Dhamdod, Post Umarde Khurde, Nandurbar, Maharashtra- 425 411, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 71/2011 – Income Tax Dated 14-6-2011

June 14, 2011 2740 Views 0 comment Print

NC Notification No. 71/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.915(E), dated the 27th August, 2002, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 1, “Construction of building, Auditorium, Ayurvedic Clinic, School building, Administrative Block, Residential Quarters and purchase of equipments, furniture/fixture, books for Dev Sanskriti Vishwa Vidayala and running of Swavalammban, Healthcare and Education programmes at Shantikunj, Haridwar” by Shri Vedmata Gayatri Trust, Shantikunj, Haridwar -249411 (Uttaranchal), as an eligible project or scheme for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification Number S.O.710(E), dated the 25th May, 2005 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O. 1308(E), dated 4th June, 2008 for a period of three years beginning with financial year 2008-09;

Notification No. 66/2011 – Income Tax Dated 14-6-2011

June 14, 2011 462 Views 0 comment Print

NC Notification No. 66/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.915(E), dated the 27th August, 2002, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 15, “Pratham Delhi Education Initiative at Delhi” by Pratham Delhi Education Initiative, 3rd Floor, ICICI Ltd., NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, New Delhi – 110003, as an eligible project or scheme for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification Number S.O. 149(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O.2375(E), dated the 3rd October, 2008 for a period of three years beginning with financial year 2008-09;

Notification No. 60/2011 – Income Tax Dated 14-6-2011

June 14, 2011 495 Views 0 comment Print

NC Notification No. 60/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 12, Initiative for empowerment of widow women and person with disabilities through promoting water harvesting structures and livelihood activities by Manila Mandal Banner Agor, Near New Power House, Indira Colony, Barmer, Rajasthan., as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 70/2011 – Income Tax Dated 14-6-2011

June 14, 2011 429 Views 0 comment Print

NC Notification No. 70/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.267(E), dated the 23rd March, 2000, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 8, “Rural Development Projects at 30 Villages of Tamilnadu, Karnataka and Maharashtra” by Srinivasan Services Trust, Jayalakshmi Estates, 8, Haddows Road, Chennai – 600006, as an eligible project or scheme for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification Number S.O. 1116(E), dated the 24th October, 2002 for a period of three years beginning with assessment year 2003-04 and which was extended further vide Notification Number S.O.509(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-2006, which was extended further vide Notification Number S.O.242(E), dated 21st January, 2009 for a period of three years beginning with the financial year 2008-09

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