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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 279 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 4353 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 432 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 786 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 5184 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 2745 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 15219 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 9486 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 195 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 45 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 90 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 72 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 3492 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 138351 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 390 Views 0 comment Print


NC Notification No. 79/2010-Income Tax Dated 11-10-2010

October 11, 2010 427 Views 0 comment Print

NC Notification No. 79/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 901(E) dated the 20th September, 2001, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had notified at serial number 3, “Construction of Building, Purchase of Library Books, Office

Notification No. 78/2010-Income Tax Dated 11/10/2010

October 11, 2010 547 Views 0 comment Print

Notification No. 78/2010-Income Tax [F.No.178/100/2008-ITA-I], dated 11-10-2010 Government hereby notifies M/s. Marathon Nextgen Realty Limited, Mumbai as an undertaking and the project at Marathon Nextgen Innova IT Building, (Building No.7), Survey No. CS No. 2/142, Opp. Peninsula Corporate Park Off, Ganpatrao, Kadam Marg, Lower Parel (West), Mumbai 400013, being developed and maintained and operated by the said undertaking, as an industrial park for the purposes of the said clause (iii) subject to the terms and conditions mentioned in the Schedule appended to this notification.

NC Notification No. 78/2010-Income Tax Dated 11/10/2010

October 11, 2010 280 Views 0 comment Print

NC Notification No. 78/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1145(E) dated 16th July, 2007, 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 2, Sainik Ashram by Kerala Ex-Servicemen Welfare Association (KEXWA) Civil Station

NC Notification No. 77/2010-Income Tax Dated 11/10/2010

October 11, 2010 571 Views 0 comment Print

NC Notification No. 77/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 466(E) dated 29th March, 2007, 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 18, Poverty alleviation through capacity building, market support and micro-credit programme for economically weaker section of the society by Development Initiative for Self-Help and Awakening (DISHA),

In respect of undisclosed income, burden is on department to establish that alleged receipt is income from undisclosed sources

October 11, 2010 441 Views 0 comment Print

It was the duty of the A.O. to bring on record sufficient evidences and material to prove that the documents filed by the assessee were bogus, false or fabricated and the long term capital gain shown by him was actually his income from undisclosed sources.

Educational Institutes in Pune are under Income Tax Department Radar

October 11, 2010 546 Views 0 comment Print

The income tax department has booked at least nine educational institutions in Pune — a booming educational hub — for concealing income worth over Rs 435 crore. The list of such educational institutions include top colleges in Pune for MBA and engine

FICCI demands changes in ESOP taxability rule

October 11, 2010 327 Views 0 comment Print

The Federation of Indian Chambers of Commerce and Industry has asked the finance ministry to amend taxation rules for ESOPs (Employee Stock Option Plans), since such provisions lead to increased tax burden for employees. In a letter to the finance mi

NC Notification No. 76/2010-Income Tax Dated 11/10/2010

October 11, 2010 367 Views 0 comment Print

NC Notification No. 76/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 422(E) dated the 19th May, 1998, 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 specified at serial number 13, for Construction of building for expansion

Notification No. 77/2010-Income Tax Dated 11/10/2010

October 11, 2010 635 Views 0 comment Print

Notification No. 77/2010-Income Tax In exercise of the powers conferred by section 80CCF of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following bonds that shall be subject to the following conditions, as long-term infrastructure bonds for the purposes of the said section

NC Notification No. 75/2010-Income Tax Dated 11/10/2010

October 11, 2010 995 Views 0 comment Print

NC Notification No. 75/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 832(E), dated the 18th September, 1998, 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 specified at serial number 7, for Running

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