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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


India’s Digital Service Taxation: Issues and Solutions

Income Tax : Explore India's digital taxation measures like Equalization Levy, Significant Economic Presence, and GST on online services. Learn...

March 9, 2025 96 Views 0 comment Print

What is ITR-U Form and How to File It?

Income Tax : Learn about ITR-U, a form for updating income tax returns. Understand eligibility, filing process, deadlines, and additional tax i...

March 9, 2025 63 Views 0 comment Print

Evolution of Digital Taxation: Addressing Challenges in Global Economy

Income Tax : This article explores the evolution of digital taxation, its implications for businesses and economies, the challenges associated ...

March 9, 2025 105 Views 0 comment Print

Impact of Progressive Taxation on Income Inequality

Income Tax : In this blog post here, we would like to address the impact of progressive taxation on income inequality in India with regard to t...

March 9, 2025 30 Views 0 comment Print

Comparative Analysis of Old Tax Regime and New Tax Regime

Income Tax : This blog compares the Old Tax Regime and New Tax Regime in detail, highlighting their key features and helping taxpayers make an...

March 9, 2025 78 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 40473 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 5565 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 10524 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 11694 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 20253 Views 3 comments Print


Latest Judiciary


Entire Bank Transactions Cannot Be Treated as Turnover for Section 271B Penalty

Income Tax : ITAT Surat remands penalty case under Section 271B to AO, ruling that bank transactions alone cannot determine turnover. Fresh con...

March 8, 2025 162 Views 0 comment Print

AO can determine tax liabilities even during insolvency proceedings: ITAT Mumbai

Income Tax : ITAT Mumbai restores MITC Metals case for fresh adjudication, ruling that assessment order was not void ab-initio despite ongoing ...

March 8, 2025 45 Views 0 comment Print

Section 14A Explanation Applies Prospectively from 01/04/2022, Not Retrospectively

Income Tax : Explanation to Section 14A has only a prospective effect from April 1, 2022, and cannot be retrospectively applied to earlier asse...

March 8, 2025 42 Views 0 comment Print

ITAT Ahmedabad Dismisses Appeal Due to Assessee’s Non-Appearance

Income Tax : ITAT Ahmedabad dismisses Somnath Kelavni Mandal's income tax appeal due to continuous absence in proceedings. Case pertains to une...

March 8, 2025 36 Views 0 comment Print

Section 43A not invocable when there is only reinstatement of fluctuation loss

Income Tax : ITAT Delhi held that provision of section 43A of the Income Tax Act not invocable when there is only reinstatement of fluctuation ...

March 8, 2025 66 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 381 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 351 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 234 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 3573 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 129 Views 0 comment Print


Notification No. 124/2002-Income Tax Dated 31/5/2002

May 31, 2002 418 Views 0 comment Print

Notification No. 124-Income Tax The percentage of land to be earmarked for commercial use shall not be more than 10 per cent of the allocable area. In case of an Industrial Model Town and Industrial Park, the minimum investment on infrastructure development shall not be less than 50 per cent of the total project cost. In the case of an Industrial Park which provides built up space for industrial use, the minimum expenditure on infrastructure

Notification No. 123/2002-Income Tax Dated 31/5/2002

May 31, 2002 8824 Views 0 comment Print

Notification No. 123-Income Tax In exercise of the powers conferred by sub-clause (ii) of clause (10AA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the period of earned leave at their credit

Notification No. 118/2002-Income Tax Dated 27/5/2002

May 27, 2002 493 Views 0 comment Print

Notification No. 118-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the India Polo Promotion Foundation, Mumbai, for the purpose of the said clause for the assessment years 1998-99 to 2000-01

Notification No. 117/2002-Income Tax Dated 23/5/2002

May 23, 2002 340 Views 0 comment Print

Notification No. 117-Income Tax It is notified for general information that enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004.

Notification No.116/2002-Income Tax Dated 23/5/2002

May 23, 2002 382 Views 0 comment Print

Notification No.116-Income Tax It is notified for general information that enterprise listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004

Notification No. 113/2002-Income Tax Dated 17/5/2002

May 17, 2002 466 Views 0 comment Print

Notification No. 113-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following debentures, in the nature of bonds

Notification No. 114/2002-Income Tax Dated 17/5/2002

May 17, 2002 382 Views 0 comment Print

Notification No. 114-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following debentures, in the nature of bonds

Notification No. 108/2002-Income Tax Dated 8/5/2002

May 8, 2002 439 Views 0 comment Print

Notification No. 108-Income Tax It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003

Notification No. 105/2002-Income Tax Dated 7/5/2002

May 7, 2002 424 Views 0 comment Print

Notification No. 105-Income Tax In exercise of the powers conferred by section 295 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

Notification No. 104/2002-Income Tax Dated 2/5/2002

May 2, 2002 268 Views 0 comment Print

Notification No. 104-Income Tax It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003

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