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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


New Income Tax Bill 2025: Provisions related to Non-Profit Organisations

Income Tax : The new Income Tax Bill consolidates provisions for non-profits, covering registration, taxation, compliance, and capital gains ru...

February 20, 2025 5886 Views 0 comment Print

Income from House Property: Income Tax Bill 2025

Income Tax : The Income-Tax Bill 2025 simplifies house property income taxation, reducing complexity while maintaining key provisions for bette...

February 20, 2025 2553 Views 1 comment Print

New Diplomacy of Income Tax Department: Tax Collection Without Direct Enforcement

Income Tax : India's Income Tax Department shifts to a taxpayer-friendly approach, prioritizing silent recoveries, refund adjustments, and redu...

February 20, 2025 681 Views 0 comment Print

7 Reasons to Include CMAs as “Accountants” in Income Tax Bill 2025

Income Tax : Explore why Cost Accountants (CMAs) should be included in the definition of "Accountant" under the Income Tax Bill 2025 for a comp...

February 19, 2025 14424 Views 20 comments Print

Tax Savings Under New Regime of 2025: Guide to Deductions & Exemptions

Income Tax : Understand the New Tax Regime 2025 with updated slabs, deductions, and exemptions. Learn how to save tax and choose the best regim...

February 19, 2025 4728 Views 1 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 8610 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 19452 Views 3 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 1059 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 135 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 9906 Views 0 comment Print


Latest Judiciary


Section 131 IT Act Empowers AO to Summon Documents as Civil Court: Karnataka HC

Income Tax :  Karnataka High Court dismisses Revenue’s appeal in PCIT Vs Ennoble Construction, ruling on transport creditors' tax liability ...

February 20, 2025 24 Views 0 comment Print

Section 271C Penalty for TDS Non-Deduction Requires Reasonable Cause: SC

Income Tax : Supreme Court emphasizes reasonable cause for TDS non-deduction under Section 271C. Highlights interplay of Sections 4, 5, 9, and ...

February 20, 2025 51 Views 0 comment Print

Delhi HC directs issuance of Nil tax deduction certificate to SFDC Ireland

Income Tax : Delhi HC directs Nil TDS for SFDC Ireland citing no Permanent Establishment in India. Clarifies taxation under DTAA and Rule 28AA ...

February 20, 2025 60 Views 0 comment Print

Penalty Imposed by CIT(A) Without SCN from AO Held Infructuous by ITAT Mumbai

Income Tax : Claim of the assessee for deduction for education cess was on a bonafide belief that it was allowable expenditure u/s. 37(1) and h...

February 20, 2025 57 Views 0 comment Print

Fees for Freight Logistic Support Service is not Fee for Technical Services: Delhi HC

Income Tax : Delhi High Court held that Freight Logistic Support Service provided by appellant are not in the nature of Fee for Technical Servi...

February 20, 2025 51 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 6318 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 855 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 139074 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 240 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 402 Views 0 comment Print


Notification No.66/2007 – Income Tax Dated 2/3/2007

March 2, 2007 484 Views 0 comment Print

Notification No.66 – Income Tax In the notifications of the Government of India, Ministry of Finance (Department of Revenue), number S.O.235(E) to 250(E), dated the 15th February, 2007, published in the Gazette of India, Extraordinary, Part – II, Section 3, sub-section (ii) dated 15th February, 2007, S O. numbers and F. Nos. are correct in the English version whereas the S.O. numbers and F. Nos. of Hindi

Notification No. 24/2007-Customs (N.T.) Dated: 1st March 2007

March 1, 2007 754 Views 0 comment Print

(1) The importer – (i) is registered with the Government of India in the Department of Scientific and Industrial Research; (ii) produces a certificate from the Head of the institution, in each case of import, certifying that the said goods are essential for research purposes and will be used for the stated purpose only;

Notification No. 61/2007 – Income Tax Dated 28/2/2007

February 28, 2007 727 Views 0 comment Print

Notification No. 61 – Income Tax In exercise of the powers conferred by section 295 read with clause ( xii) of sub­section (5) of section 11 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Notification No. 64/2007, Dated: 28.02.2007

February 28, 2007 379 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.

Notification No. 63/2007, Dated: 28.02.2007

February 28, 2007 280 Views 0 comment Print

The Institute will get its accounts audited by an accountant as defined in Explanation below sub-section (2) of section 288 and furnish along with the return of Income. The report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed.

Notification No. 62/2007, Dated: 28.02.2007

February 28, 2007 436 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.

Notification No. 60/2007, Dated: 27.02.2007

February 27, 2007 319 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified

Notification No. 59/2007, Dated: 27.02.2007

February 27, 2007 277 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.

Notification No. 58/2007, Dated: 22.02.2007

February 22, 2007 304 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.

Notification No. 57/2007, Dated: 22.02.2007

February 22, 2007 376 Views 0 comment Print

The above notification is liable to be rescinded by the Central Government, if it is subsequently found that the activities of the Institution are not genuine or if they are not carried out in accordance with all or any of the conditions subject to which it was notified.

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