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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


Big Land, Small House, Big Exemption: Section 54/54F Exemptions

Income Tax : Learn key tax rulings on Section 54/54F exemptions for property sales, including land size, appurtenant land, property use, and ag...

March 7, 2025 183 Views 0 comment Print

Understanding Advance Tax: Who Needs to Pay and How to Calculate It?

Income Tax : Advance tax is a system under which taxpayers are required to pay their taxes in installments throughout the financial year instea...

March 6, 2025 519 Views 0 comment Print

TDS vs. Advance Tax: What Every Taxpayer Needs to Know

Income Tax : Learn the differences between TDS and Advance Tax, their applicability, payment schedules, penalties, and tax planning tips to ens...

March 6, 2025 444 Views 0 comment Print

Income from House Property under Income Tax Act: A Detailed Overview

Income Tax : Article explains provisions related to income from house property, calculation of such income, exemptions available, and applicabl...

March 6, 2025 969 Views 0 comment Print

Concept of Tax Avoidance vs. Tax Evasion in India: Key Differences & Laws

Income Tax : Learn the key differences between tax avoidance and tax evasion in India, legal provisions, real-world cases, and government measu...

March 6, 2025 297 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 39828 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 4992 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 10416 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 11556 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 20229 Views 3 comments Print


Latest Judiciary


Co-op Bank is entitled to get deduction for Depreciation on AFS Investments

Income Tax : ITAT Pune allows Karad Urban Co-Op Bank to claim depreciation on AFS investments as per RBI guidelines, following judicial precede...

March 6, 2025 90 Views 0 comment Print

Gujarat HC Awards Interest on Delayed Tax Refund under Vivad Se Vishwas Scheme

Income Tax : Gujarat HC orders 6% interest on delayed tax refunds under DTVSV Act, citing principles of natural justice. Refund delays due to a...

March 6, 2025 72 Views 0 comment Print

Section 69A not invocable when cash sourced out of recorded debtors: ITAT Chennai

Income Tax : ITAT Chennai held that when cash is sourced out of recorded debtors, provisions of section 69A of the Income Tax Act could not be ...

March 6, 2025 117 Views 0 comment Print

Guwahati HC Ruling on GST Rate for Carbonated Beverages with Fruit Juice

Income Tax : Guwahati High Court's landmark judgment on the tax rate for carbonated beverages containing fruit juice as per FSSAI Regulation 2....

March 6, 2025 108 Views 0 comment Print

Interest Income from employee loans was to be treated as Business Income not Income from Other Sources

Income Tax : Interest income earned from staff loans and advances was incidental to the business of power generation and qualifies as “busine...

March 6, 2025 57 Views 0 comment Print


Latest Notifications


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 15 Views 0 comment Print

Select Committee of Lok Sabha to examine Income-Tax Bill, 2025

Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...

February 25, 2025 438 Views 0 comment Print

CBDT Amends Rules 12CA, 12CC & Forms 10IH, 64A, 64B, 64C, 64D, 64E & 64F

Income Tax : CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, imp...

February 24, 2025 2226 Views 0 comment Print

All about Income Tax / TDS Deduction from Salaries for FY 2024-25

Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...

February 20, 2025 11433 Views 0 comment Print

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 18, 2025 8181 Views 0 comment Print


Notification No.S.O.1886 – Income Tax Dated 18/6/2001

June 18, 2001 438 Views 0 comment Print

Notification No.S.O.1886 – 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 2001-2002 and 2002-2003

Notification No.S.O.1885 – Income Tax Dated 18/6/2001

June 18, 2001 273 Views 0 comment Print

Notification No.S.O.1885 – 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 2001-2002, 2002-2003 and 2003-2004

Notification No.S.O.1884 – Income Tax Dated 18/6/2001

June 18, 2001 282 Views 0 comment Print

Notification No.S.O.1884 – 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 2001-2002, 2002-2003 and 2003-2004

Notification No.S.O.511(E) – Income Tax Dated 11/6/2001

June 11, 2001 393 Views 0 comment Print

Notification No.S.O.511(E) – Income Tax In exercise of the powers conferred by the first proviso to sub-section (5B) of section 139A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following dates from which the provisions of the said sub-section shall apply in respect of the following class or classes of persons, namely

Notification No.S.O.510(E) – Income Tax Dated 11/6/2001

June 11, 2001 285 Views 0 comment Print

Notification No.S.0.510(E) – Income Tax In exercise of the powers conferred by clause (v).of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent. of average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 2000, and ending on the 31st day of March, 2001, for the urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing on the 1st day of April, 2001, and ending on the 31st

Notification No.S.O.509(E) – Income Tax Dated 11/6/2001

June 11, 2001 417 Views 0 comment Print

Notification No.S.O.509(E) – Income Tax In exercise of the powers conferred by Explanation 3 to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies that the expression “travel to any foreign country” in the said subsection shall not include travel to the following neighbouring countries, namely

Notification No.S.O.507(E) – Income Tax Dated 11/6/2001

June 11, 2001 573 Views 0 comment Print

Notification No.S.O.507(E) – Income Tax In exercise of the powers conferred by the second proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following classes of persons to whom the provisions of the first proviso shall not apply, namely

Notification No.S.O.1464 – Income Tax Dated 6/6/2001

June 6, 2001 357 Views 0 comment Print

Notification No.S.O.1464 – Income Tax It is hereby notified for general information that the organisations mentioned below have been approved by the Central Government for the period mentioned against their names, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “institution” subject to the following conditions

Notification No.S.O.1463 – Income Tax Dated 6/6/2001

June 6, 2001 453 Views 0 comment Print

Notification No.S.O.1463 – Income Tax It is notified for general information that enterprises listed at para. (3) below, have 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, 2003-2004 and 2004-2005

Notification No.S.O.1462 – Income Tax Dated 6/6/2001

June 6, 2001 357 Views 0 comment Print

Notification No.S.O.1462 – Income Tax It is notified for general information that enterprises listed at para. (3) below, have 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

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