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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: General FAQs and Broad Scope

Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...

February 13, 2025 Views 0 comment Print

New Income Tax Bill 2025 – Key Takeaways

Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...

February 13, 2025 2217 Views 0 comment Print

Unexplained Cash Credits & Section 68: Tax & Legal Aspects

Income Tax : Learn about unexplained cash credits under Section 68, tax implications, key legal cases, and compliance requirements to avoid pen...

February 13, 2025 87 Views 0 comment Print

Income Tax 1961 vs Income Tax Bill, 2025: Key Changes in Tax Provisions

Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...

February 13, 2025 8571 Views 0 comment Print

Comparative Analysis: Income Tax Act 1961 vs. Income Tax Bill 2025

Income Tax : A detailed comparison of key provisions in the Income Tax Act, 1961, and the proposed Income Tax Bill, 2025, highlighting major ch...

February 13, 2025 11193 Views 0 comment Print


Latest News


New Income-Tax Bill 2025: Section Mapping & Updates

Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...

February 13, 2025 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 13, 2025 2358 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 156 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 540 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 48 Views 0 comment Print


Latest Judiciary


Allahabad HC Quashes Section 154 Orders for Laconic Reasoning, Natural Justice Breach

Income Tax : Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered....

February 13, 2025 48 Views 0 comment Print

SC: Govt. Grant Interest Taxable (SLP Dismissed)

Income Tax : Supreme Court dismisses Bihar Police Building Construction Corporation's tax appeal due to significant delay....

February 13, 2025 45 Views 0 comment Print

Interest on Govt. Grants Taxable as Income From Other Sources: Patna HC

Income Tax : Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt....

February 13, 2025 27 Views 0 comment Print

SC dismisses ACIT’s appeal against reassessment due to delay & lack of merit

Income Tax : Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperfor...

February 13, 2025 249 Views 0 comment Print

Bombay HC Quashes Reassessment Notice for Section 151 Approval without mind application

Income Tax : Bombay High Court quashes reassessment notice in Teleperformance case due to lack of application of mind in granting approval unde...

February 13, 2025 48 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 120 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 121920 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 189 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 327 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 342 Views 0 comment Print


Analysis of Clause(h) of Section 43B of Income Tax Act

February 4, 2024 2190 Views 0 comment Print

Explore the implications of Income Tax Section 43B(h) introduced by the Finance Act, 2023, affecting timely payments to Micro & Small Enterprises. Understand the legal provisions, classifications, and consequences for MSMEs and businesses.

Section 43B(h) of Income Tax Act: Timely Payments to Micro & Small Enterprises

February 4, 2024 1251 Views 0 comment Print

Explore impact of Income Tax Act Section 43B(h) on businesses and Micro and Small Enterprises (MSEs). Learn about timeframe, importance, and implications for tax deductions, promoting timely payments for financial well-being.

Error in drafting Section 87A of Income Tax Act, 1961

February 4, 2024 17964 Views 1 comment Print

Explore the controversial amendment to Section 87A of Income Tax Act, 1961 effective from AY 2024-25. Detailed analysis of its impact on tax liability and potential issues addressed. Learn how a drafting error may lead to unintended consequences.

Budget 2024: TCS Changes on Foreign Remittances

February 4, 2024 10641 Views 0 comment Print

Explore key points on Tax Collected at Source (TCS) changes in Budget 2024. Uncover implications, limits, and amendments affecting foreign remittances under Liberalised Remittance Scheme (LRS).

Leave Travel Allowance (LTA) under Section 10(5) of Income Tax Act, 1961

February 4, 2024 3723 Views 0 comment Print

Unravel the intricacies of LTA under Section 10(5) of the Income Tax Act. Explore exemptions, key judgments like State Bank of India vs. ACIT, and practical considerations.

Section 36(1)(va) of Income Tax Act, 1961 – Retrospectivity vs. Perspectivity Tussle

February 4, 2024 3996 Views 0 comment Print

Explore the legal intricacies of Income Tax Act’s Section 36(1)(va) and Section 43B, the debates on retrospectivity, and the impact of recent amendments. Unravel the complexities with insights from Checkmate Services Pvt. Ltd vs CIT [2022 SCC OnLine SC 1423], ITAT Hyderabad ruling, and the perspective of the Hon’ble Delhi High Court.

Brief Note on Interim Union Budget For FY 2024-25

February 4, 2024 1323 Views 0 comment Print

Explore the highlights of Interim Union Budget 2024-25, its impact on direct and indirect taxation, GDP projections, and key changes in GST. Stay informed with our detailed analysis

TDS on Property Purchase: Rules, Rates and Responsibilities

February 4, 2024 15651 Views 0 comment Print

Understand the intricacies of TDS on property purchases. Learn about rates, thresholds, responsibilities, and consequences. Stay informed to navigate real estate transactions smoothly.

SC Quashes Additional Deposit Requirement in Tax Evasion Case

February 3, 2024 2226 Views 0 comment Print

In a landmark judgment, the Supreme Court cancels the condition of an extra deposit for stay continuation in Sambhu Prasad Agarwal’s tax evasion case. Full analysis here.

Consistent Methodology and Adherence to Accounting Standards Render Additions Unsustainable

February 3, 2024 615 Views 0 comment Print

Read the detailed analysis of the ITAT Chennai order in the case of ST Engineering Electronics Ltd. vs ACIT regarding taxable contract income, addressing issues of revenue recognition and accounting standards.

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