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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


An Overview of New Income Tax Bill, 2025

Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...

February 13, 2025 168 Views 0 comment Print

New Income Tax Bill 2025: FAQs on Key Changes

Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...

February 13, 2025 300 Views 0 comment Print

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 1221 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 2886 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 120 Views 0 comment Print


Latest News


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 222 Views 0 comment Print

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 159 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 2502 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 171 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 585 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 51 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 57 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 33 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 273 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 102 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 125592 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


Kerala HC Directs Pay Scale Upgradation for Income Tax Officers

January 29, 2024 3243 Views 0 comment Print

Explore R. Prasannakumaran Nair vs. PCIT case in Kerala High Court. Analysis of income tax inspectors and officers’ pay scale upgradation. Details of the judgment here.

Exemption u/s 10(23D) admissible to UTI India Fund Unit Scheme 1986

January 29, 2024 3438 Views 0 comment Print

ITAT Mumbai held that exemption under section 10(23D) of the Income Tax Act is available to UTI India Fund Unit Scheme 1986 as it is one of the scheme listed at sr. no. 37 in schedule II of the Repeal Act.

Administrative Circular Not a Fetter on CIT in Tax Dispute: Telangana HC

January 29, 2024 546 Views 0 comment Print

Explore Ahmed Memorial vs. CIT case in Telangana High Court. Analysis of administrative circular impact on CIT decisions. Bank account operation allowed as interim measure.

Acceptance and Payment of Loan in Cash: HC upheld Section 148A(d) order

January 29, 2024 3411 Views 0 comment Print

Explore the Kerala High Court’s decision upholding Section 148A(d) order against St. John The Baptist Church for accepting and repaying cash loans, deemed as income escape.

Compliance Challenges & Ramifications of Section 43B(h) of Income Tax Act

January 29, 2024 4311 Views 0 comment Print

Explore the ramifications of Income Tax Act Section 43B(h) amendment, its impact on Micro and Small Enterprises (MSMEs), compliance challenges, and potential consequences for businesses

Webinar on M&A Tax in India (Merger & Acquisition)

January 29, 2024 7260 Views 0 comment Print

Join CA Gaurav Sukhija on Jan 24, 2024, for a 1-hour seminar delving into M&A Tax in India. Explore key objectives, modes, and implications for CFOs, CEOs, lawyers, and more.

Karnataka HC Directs Govt. to decide on Section 80TTA Limit representation: Deadline Jan 31

January 29, 2024 948 Views 0 comment Print

Karnataka High Court directs the Government to address petitioner’s representation on Section 80TTA limit by Jan 31. Analysis of Rupesh Srivastava Vs CBDT case and its impact.

Section 43B Amendments: FAQs on Timely Payments to MSMEs

January 29, 2024 29733 Views 3 comments Print

Understand recent amendments to Section 43B of Income Tax Act, emphasizing prompt payments to MSMEs. Explore FAQs for clarity on compliance, consequences, and practical implications.

Repercussions of Delayed Payment to Micro and Small Enterprises- FAQs

January 28, 2024 36240 Views 2 comments Print

Explore the repercussions of delayed payments to Micro and Small Enterprises (MSMEs) under the MSMED Act and Section 43B(h) of the Income Tax Act. FAQs and comprehensive insights provided.

Section 43B(h): Time Limits and Eligibility Criteria

January 28, 2024 42105 Views 5 comments Print

Explore Section 43B(h) of Income Tax Act introduced in AY2024-25. Learn about payment deadlines for Micro and Small Suppliers, eligibility criteria, and implications for taxpayers.

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