Sponsored
    Follow Us:

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


Taxation System In India: Structure and Key Components

Income Tax : Understand India's taxation system, including direct and indirect taxes, their impact, and ongoing reforms to ensure equity and ef...

March 10, 2025 57 Views 0 comment Print

Concept of Agricultural Income under Income Tax Act 1961

Income Tax : Explore the concept of agricultural income under Income Tax Act 1961, including definitions, exemptions, and conditions for income...

March 9, 2025 159 Views 0 comment Print

Income Tax Crackdown on Dubious Political Donations: What Donors Must Know

Income Tax : IT Dept scrutinizes political donations ₹5L+ for tax fraud. Learn about Section 80GGC/80GGB, penalties, and steps to ensure comp...

March 9, 2025 2325 Views 0 comment Print

Tax Evasion in India: A Deep-Rooted Problem & Path to a Fairer System

Income Tax : Why does tax evasion still thrive despite all the efforts to stop it? And more importantly, what can be done to fix it? This blog ...

March 9, 2025 273 Views 0 comment Print

Metaverse and Taxation: How Virtual Transactions Should Be Taxed in India

Income Tax : Through tax laws on Virtual Digital Assets (VDAs) like cryptocurrencies and Non-Fungible Tokens (NFTs), India has initiated the pr...

March 9, 2025 237 Views 0 comment Print


Latest News


Updated List of 30 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

March 7, 2025 40512 Views 4 comments Print

Advance Tax Installments/Payments of taxes

Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...

March 5, 2025 5766 Views 0 comment Print

Include ‘Cost Accountant’ in definition of ‘Accountant’ under Income Tax Bill 2025: ICMAI

Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...

February 21, 2025 10554 Views 0 comment Print

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 11781 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 20274 Views 3 comments Print


Latest Judiciary


No Section 40a(ia) disallowance for non-deduction of TDS if recipient already paid the taxes

Income Tax : ITAT Kolkata addressed TDS disallowance and procedural compliance in PBN Constructions Pvt. Ltd. Vs DCIT. Analysis includes judici...

March 10, 2025 6 Views 0 comment Print

Penalty u/s. 271D deleted as cash payment made at one go before sub-registrar: ITAT Amritsar

Income Tax : ITAT Amritsar held that there is no violation of provisions of section 269SS of the Income Tax Act when cash payment was made at o...

March 10, 2025 75 Views 0 comment Print

Tax Dept cannot take a Different View in subsequent years without providing valid reasons

Income Tax : ITAT Pune remands the appeal of Mula Parisar Serva Seva Sangh regarding TDS refund claim for 2018-19, citing past precedents....

March 9, 2025 120 Views 0 comment Print

ITAT Chennai Sets Aside Section 80G Registration Rejection, Cites Short Notice

Income Tax : ITAT Chennai sets aside CIT(E)’s rejection of 80G registration for SKNNSM Society, citing inadequate time for response. Case sen...

March 9, 2025 105 Views 0 comment Print

ITAT Mumbai directs Assessment of Factory Premises Rental Income under Section 57

Income Tax : ITAT directed AO to verify Factory Premises rental income and compute taxability under section 57, allowing proportionate expense...

March 9, 2025 108 Views 0 comment Print


Latest Notifications


High-Risk and Non PAN Transaction Cases: Insight Portal Guidelines

Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...

March 7, 2025 441 Views 0 comment Print

High-Risk CRIU/VRU Cases and proceedings under Sections 148/148A

Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...

March 7, 2025 390 Views 0 comment Print

Assessment & Investigation of Benami, Foreign Assets & TDS Cases

Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...

March 7, 2025 243 Views 0 comment Print

Income Tax Department identifies High-Risk Non-Filers for AY 2019-22

Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...

March 7, 2025 8661 Views 0 comment Print

Section 10(46) Tax Exemption for Delhi Construction Workers Welfare Board

Income Tax : Delhi Building and Other Construction Workers Welfare Board receives tax exemption on cess, fees, and interest income under Sectio...

March 7, 2025 132 Views 0 comment Print


Notification No. 5/2003, Dated : 07.01.2003

January 7, 2003 313 Views 0 comment Print

this notification, will not apply in relation to, any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No. 4/2003, Dated : 07.01.2003

January 7, 2003 400 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No. 3/2003, Dated : 07.01.2003

January 7, 2003 349 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No. 2/2003, Dated : 07.01.2003

January 7, 2003 367 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No. 1/2003, Dated : 07.01.2003

January 7, 2003 478 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No.9/2003 – Income Tax Dated 7/1/2003

January 7, 2003 896 Views 0 comment Print

Notification No.9 – Income Tax In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby specify Central Provident Fund Commissioner, Employees’ Provident Fund Organisation, India or any other officer, not below the rank of Regional Provident Fund Commissioner, duly

Notification No.8/2003 – Income Tax Dated 7/1/2003

January 7, 2003 292 Views 0 comment Print

Notification No.8 – Income Tax In exercise of the powers conferred by the clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “The Press Trust of India Limited, New Delhi” as a news agency set up in India solely for collection and distribution of news for the purposes of the said clause for the assessment years

Income of co-operative bank from investment in PSEB bonds is deductible under section 80P

January 6, 2003 642 Views 0 comment Print

The only dispute in the present appeals is as to whether the assessee is entitled to deduction under section 80P(2)(a)( i) of the Income-tax Act, 1961, in respect of the income from the investment of rupees two crores in the purchase of 13.5 per cent. PSEB Bonds, 2003 First Series on September 20, 1993.

Circular No. 13/2002-Income Tax Dated 23-12-2002

December 23, 2002 745 Views 0 comment Print

Circular No. 13 of 2002-Income Tax Reference is invited to Circular No. 15/2001, dated 12-12-2001 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 2001-2002, were intimated.

Notification No. 384/2002-Income Tax Dated 10/12/2002

December 10, 2002 424 Views 0 comment Print

Notification No. 384-Income Tax In exercise of the powers conferred by clause (ii) of subsection (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the “Industrial Credit and Investment Corporation of India limited, Mumbai,” in its public issue of Safety Bonds-February

Sponsored
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31