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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


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 594 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 165 Views 0 comment Print

Assessee under Income Tax Act: Types, Rights and Responsibilities

Income Tax : Understand the concept of an assessee under the Income Tax Act, its classifications, roles, responsibilities, and available tax be...

March 5, 2025 492 Views 0 comment Print

Rationalization of Time limits to Impose Income Tax Penalties

Income Tax : Simplified penalty timelines under Section 275 effective April 2025, including changes in penalty powers, omissions, and clarifica...

March 5, 2025 426 Views 0 comment Print

Statutory and Tax Compliance Calendar for March 2025

Income Tax : Stay on top of important compliance deadlines including GST, ESI, PF, SEBI, and Income Tax filings, with detailed due dates and fo...

March 5, 2025 291891 Views 8 comments Print


Latest News


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 4392 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 10395 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 11490 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 20217 Views 3 comments Print

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...

February 15, 2025 1305 Views 0 comment Print


Latest Judiciary


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 33 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 33 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 39 Views 0 comment Print

Addition u/s. 2(22)(e) untenable as trade advances cannot be characterized as loans or advance

Income Tax : ITAT Hyderabad held that trade advances, in the nature of commercial transactions, cannot be characterized as ‘loans or advanceâ...

March 6, 2025 42 Views 0 comment Print

Addition for capital contribution from partners not sustained as identity of partners and genuineness of transaction established

Income Tax : M/s. GRR Holdings is a firm was incorporated on 31.01.2014 with two partners Shri Gaddam Shyam Prasad Reddy & Shri Syed Fayaz Moha...

March 6, 2025 39 Views 0 comment Print


Latest Notifications


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 411 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 2214 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 11370 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 8175 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 13, 2025 141180 Views 5 comments Print


Notification No. 11561/2000-Income Tax Dated 24/11/2000

November 24, 2000 8795 Views 0 comment Print

Notification No. 11561-Income Tax In exercise of the powers conferred by sub-clause (i) of clause (18) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, hereby specifies the gallantry awards for the purposes of the said section, mentioned in column 2 of the table below awarded in the circumstances as mentioned in corresponding column 3 thereof.

Circular No. 798/2000-Income Tax Dated 30-10-2000

October 30, 2000 692 Views 0 comment Print

Circular No. 798-Income Tax Reference is invited to Circular No. 781, dated 5-11-1999 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 1999-2000, were intimat­ed.

Notification No. 11539/2000-Income Tax Dated 19/10/2000

October 19, 2000 349 Views 0 comment Print

Notification No. 11539-Income Tax It is notified for general information that the Institution/Association mentioned below and its programme given hereunder have been approved by the Secretary, Ministry of Environment and Forests, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961.

Notification No. 2424/2000-Income Tax Dated 19/10/2000

October 19, 2000 364 Views 0 comment Print

Notification No. 2424-Income Tax It is notified for general information that the approval under section 10(23G) of the Income-tax Act, 1961, accorded to Rajasthan State Electricity Board, Vidyut Bhawan, R. C. Dave Marg, Jaipur-302 005, for its Suratgarh Thermal Power Stations (Units I and II Phase I and Units I and II of Phase II) vide Notification No. 10999, dated 13th July, 1999, and 11110

Notification No. 2425/2000-Income Tax Dated 19/10/2000

October 19, 2000 424 Views 0 comment Print

Notification No. 2425-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 2000-2001, 2001-2002 and 2002-2003.

Notification No. 2426/2000-Income Tax Dated 19/10/2000

October 19, 2000 421 Views 0 comment Print

Notification No. 2426-Income Tax It is notified for general information that the institution/association mentioned below and its programme given hereunder have been approved by the Secretary, Ministry of Environment and Forests, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961.

Notification No. 11537/2000-Income Tax Dated 19/10/2000

October 19, 2000 295 Views 0 comment Print

Notification No. 11537-Income Tax It is notified for general information that the approval under section 10(23G) of the Income-tax Act, 1961, accorded to Rajasthan State Electricity Board, Vidyut Bhawan, R.C. Dave Marg, Jaipur-302005, for its Suratgarh Thermal Power Stations (Units I & II of Phase I and Units I & II of Phase II) vide Notification No. 10999, dt. 13th July, 1999

Notification No. 11538/2000-Income Tax Dated 19/10/2000

October 19, 2000 304 Views 0 comment Print

Notification No. 11538-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 2000-2001, 2001-2002 and 2002-2003.

Circular No. 796/2000-Income Tax Dated 10-10-2000

October 10, 2000 400 Views 0 comment Print

Circular No. 796-Income Tax At present printed challan forms are used by the assessees for the purpose of depositing tax deducted at source in accordance with the prescribed procedure under the Income-tax Act, 1961 and the Income-tax Rules, 1962. In this context, it has been brought to the notice of the Board that for depositing tax deducted at source

Circular No. 797/2000-Income Tax Dated 10-10-2000

October 10, 2000 418 Views 0 comment Print

Circular No. 797-Income Tax The Finance Act, 1997 has made provision w.e.f. 1-4-1997 for filing of a return on floppy diskette, magnetic cartridge tape, CD-ROM or any other computer readable Media. Pursuant to this, rule 37B was inserted in the Income-tax Rules, 1962 which, inter alia, states that the Computer Media must conform to the specifications given therein.

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