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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


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 1491 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 195 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 312 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 4191 Views 0 comment Print

Presumptive Income of Residents under Income Tax Bill 2025

Income Tax : Explore the implications of the New Income Tax Bill 2025, including changes to deductions and losses under Section 58(4), aimed at...

February 18, 2025 3126 Views 0 comment Print


Latest News


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 10092 Views 1 comment 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 981 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 114 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 8298 Views 0 comment Print

Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 2505 Views 0 comment Print


Latest Judiciary


Penalty Proceedings Initiate from Date of Reference Receipt by Additional CIT: Delhi HC

Income Tax : Delhi High Court sets aside ₹14.63 crore penalty on Property Plus Realtors, ruling the order was issued beyond the statutory lim...

February 18, 2025 78 Views 0 comment Print

Limitation Period for Penalty Proceedings Begins with Assessment Order: Delhi HC

Income Tax : Delhi High Court dismisses appeal in PCIT vs Thapar Homes Ltd, ruling penalty under Section 271E was time-barred under Section 275...

February 18, 2025 45 Views 0 comment Print

Section 50C not applicable to assignment of development rights: ITAT Bangalore

Income Tax : ITAT Bangalore ruled on the taxability of Transferable Development Rights (TDR) in the case of Smt. Sowmya Sathyan vs. ITO, clarif...

February 18, 2025 36 Views 0 comment Print

section 50C not applicable to transfer of development rights of land: ITAT Pune

Income Tax : ITAT Pune ruled on capital gains in Smt. Vimal Baburao Jadhav Vs ITO. The Tribunal held Section 50C inapplicable, recalculating LT...

February 18, 2025 33 Views 0 comment Print

ITAT Pune allows Foreign Tax Credit: Form 67 filing is procedural, not mandatory

Income Tax : ITAT Pune allows Foreign Tax Credit for Kasper Pieter Tideman, ruling that Form 67 filing is procedural, not mandatory. Read the c...

February 18, 2025 33 Views 0 comment Print


Latest Notifications


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 137925 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 228 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

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 444 Views 0 comment Print


NC Notification No. 40/2010-Income Tax Dated 17/5/2010

May 17, 2010 353 Views 0 comment Print

NC Notification No. 40/2010-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 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 5, for Sight for the Sightless & Quality Healthcare

NC Notification No. 39/2010-Income Tax Dated 17/5/2010

May 17, 2010 238 Views 0 comment Print

NC Notification No. 39/2010-Income Tax Whereas by notification of the Government of India, in the Minis­try of Finance (Department of Revenue), number S.O. 591(E), dated the 20th August, 1997, 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 2, “Construction of Tutorial and Children activity hall/Compound Wall, equipments, vehicle, furnishing and running of Anjali Hospital,

NC Notification No. 38/2010-Income Tax Dated 17/5/2010

May 17, 2010 262 Views 0 comment Print

NC Notification No. 38/2010-Income Tax WHEREAS by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 308(E), dated the 11th May, 1999, 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 3, for Eye Care programme in the National Capital

NC Notification No. 37-Income Tax Dated 17/5/2010

May 17, 2010 361 Views 0 comment Print

NC Notification No. 37-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 29, “1. SAMPARC Rural Hospital, 2. Sponsorship assistance for the care

NC Notification No. 36/2010-Income Tax Dated 17/5/2010

May 17, 2010 430 Views 0 comment Print

NC Notification No. 36/2010-Income Tax And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for speci­fying the said project or scheme for a further period of three years and enhancing the project cost from Rs. 2.96 crore to Rs. 3.91 crore;

NC Notification No. 35/2010-Income Tax Dated 17/5/2010

May 17, 2010 343 Views 0 comment Print

NC Notification No. 35/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1501(E), dated 7th September, 2007, 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 10, for Educational, Vocational, Medical, Social

NC Notification No. 34/2010-Income Tax Dated 17/5/2010

May 17, 2010 454 Views 0 comment Print

NC Notification No. 34/2010-Income Tax Central Government had specified at serial number 2, for Digging of tube-wells for providing potable drinking water, repairing of schools, promotion/improvement of agricultural activities and providing medical facilities in various villages in Keonjhar District of Orissa by Tata Sponge Iron Limited, P.O. Joda, Distt. Keonjhar, Orissa, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000

NC Notification No. 33/2010-Income Tax Dated 17/5/2010

May 17, 2010 211 Views 0 comment Print

NC Notification No. 33/2010-Income Tax“Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat” by Smt. Sama­rathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk – Vijapur, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide notification number S.O. 101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year 2000-01

NC Notification No. 32/2010-Income Tax Dated 17/5/2010

May 17, 2010 277 Views 0 comment Print

NC Notification No. 32/2010-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 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 30, for infrastructure development for school

NC Notification No. 31/2010-Income Tax Dated 17/5/2010

May 17, 2010 319 Views 0 comment Print

NC Notification No. 31/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1045(E), dated the 18th October, 2001, 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 1, for construction of building

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