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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


USA Taxation 2024: Updated Guidelines for Individuals

Income Tax : Stay updated with 2024 US individual tax filing details, including deadlines, tax rates, forms, and standard deductions. Learn abo...

February 13, 2025 72 Views 0 comment Print

वरिष्ठों को भी सभी स्तोत्रों से प्राप्त बारह लाख तक आय पर टैक्स छूट नहीं देना कहाँ तक उचित

Income Tax : बजट में गैर-पेंशनभोगी वरिष्ठों को कर राहत न मिलने ...

February 13, 2025 111 Views 0 comment Print

Section 44AD: Presumptive Taxation for Small Businesses

Income Tax : Simplify taxes with Section 44AD's presumptive taxation for small businesses. Learn eligibility, rates, and conditions for maintai...

February 13, 2025 609 Views 0 comment Print

New Income Tax Bill, 2025: Important Key Points

Income Tax : Learn key updates in the New Income Tax Bill, 2025, effective April 2026. Covers tax year, compliance, deductions, international t...

February 12, 2025 2676 Views 0 comment Print

Overview of The Income Tax Bill 2025

Income Tax : The Income Tax Bill 2025 aims to simplify tax laws by replacing the 1961 Act. It includes 23 chapters, 16 schedules, and 536 secti...

February 12, 2025 987 Views 0 comment Print


Latest News


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 13, 2025 984 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 78 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 156 Views 0 comment Print

Corporate Tax Collections & Incentives for Global Firms

Income Tax : Corporate tax collections rose post rate cuts from AY 2020-21, except during COVID. Budget 2025 proposes presumptive tax for elect...

February 12, 2025 33 Views 0 comment Print

Reminder for Filing TDS Statement 26Q for Q2 FY 2024-25

Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...

February 8, 2025 10638 Views 2 comments Print


Latest Judiciary


Matter remain uncompiled due to accident of CA: ITAT remanded back the matter

Income Tax : In the matter abovementioned ITAT allowed appeal of the assessee for statistical purpose by way of remand after considering that a...

February 13, 2025 12 Views 0 comment Print

Taxpayer is obligated to furnish sufficient data on comparable transaction related to foreign AE: ITAT remanded matter

Income Tax : In the matter above-mentioned ITAT partly allowed the appeal filed by the assessee by remanded it back to file of TPO after consid...

February 13, 2025 12 Views 0 comment Print

Section 148 Notice Procedure Must Be Completed Within Section 149 Timeframe: Delhi HC

Income Tax : Therefore, the procedure that is required to be completed for issuance of notice under Section 148 of the Act is required to be co...

February 12, 2025 165 Views 0 comment Print

No Addition Based on mere Loose Papers, WhatsApp Chats: ITAT Pune

Income Tax : ITAT Pune deletes additions against Ganraj Homes LLP based on extrapolated on-money allegations, citing lack of corroborative evid...

February 12, 2025 4119 Views 0 comment Print

ITAT Chennai Sets Aside addition for Unaccounted Jewellery per CBDT Instruction

Income Tax : ITAT Chennai held that addition under section 69 towards unaccounted gold and silver jewellery set aside relying on CBDT instructi...

February 12, 2025 48 Views 0 comment Print


Latest Notifications


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 84837 Views 3 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 180 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 318 Views 0 comment Print

Income-Tax Rule 2F Amended for Infrastructure Debt Funds

Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...

February 7, 2025 324 Views 0 comment Print

CBDT Shares Taxpayer Data for PMGKAY Eligibility

Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...

February 4, 2025 2592 Views 0 comment Print


Introduction to Pillar one Amount B in OECD

March 3, 2024 882 Views 0 comment Print

Discover how the OECD’s introduction of Pillar One Amount B in 2024 streamlines transfer pricing for marketing and distribution, enhancing fairness and compliance for multinational enterprises.

Amazon India’s Post-Sales Costs Not AMP Expenditure

March 3, 2024 390 Views 0 comment Print

ITAT Bangalore rules that delivery and warranty expenses, being post-sales activities, do not form part of Amazon India’s Advertising, Marketing & Promotion expenditure.

Section 194H TDS Not Applicable If Assessee Not Paying Income in Business Transactions: SC

March 3, 2024 1191 Views 0 comment Print

Supreme Court ruling on TDS under S.194-H: Business transactions where assessee isn’t responsible for payment do not attract TDS. Key insights explained.

Kerala HC stays Tax Recovery till Income Tax Appeal Disposal

March 3, 2024 957 Views 0 comment Print

Kerala High Court orders to pause tax recovery proceedings against Wexco Homes Pvt. Ltd. until the disposal of stay petitions or income tax appeals.

All about Form 15CA-15CB & its filing procedure

March 2, 2024 6591 Views 0 comment Print

Understand Form 15CA/15CB and their filing process for cross-border transactions. Ensure compliance and transparency in international money transfers.

Brief About Section 43B(h) of Income Tax Act, 1961

March 2, 2024 8790 Views 2 comments Print

Explore the impact of Finance Act 2023s Section 43B(h) amendment on timely payments to MSMEs. Learn the rules, exceptions, and its effects on taxable income.

Insights to MSME Payment regulations: Unfolding journey of 43B(h)

March 2, 2024 2646 Views 1 comment Print

Explore the critical aspects of Section 43B(h) under Income Tax Act 1961, focusing on the disallowance of business expenditure for delayed payments to MSMEs.

Changes in ITR-2,3 & 5 for assessment year 2024-2025

March 2, 2024 4320 Views 0 comment Print

Discover the latest updates in ITR Forms 2, 3, and 5 for AY 2024-25, highlighting significant changes due to the Finance Act 2023, enhancing tax filing compliance.

Notification under IT Act, 1961: Karnataka Urban Water Supply & Drainage Board

March 1, 2024 474 Views 0 comment Print

Understand the implications of the Income Tax Act notification regarding Karnataka Urban Water Supply and Drainage Board’s specified incomes. Details on applicability and conditions.

Notification under IT Act, 1961: UP Real Estate Regulatory Authority

March 1, 2024 870 Views 0 comment Print

Explore the latest Income Tax Act notification granting tax exemption to Uttar Pradesh Real Estate Regulatory Authority (UP RERA) and its implications.

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