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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


Year-End Tax Checklist: Wrap Up Your Finances by March 31st

Income Tax : Plan your finances before March 31 with this year-end tax checklist. Learn about old vs. new tax regimes, investments, deductions,...

March 4, 2025 120 Views 0 comment Print

No Bad Debt Deduction for Non-Regular Business Activity: Delhi HC

Income Tax : Delhi HC ruled WGF Financial Services can't claim bad debt deduction under Sec. 36(1)(vii) as furnishing guarantees wasn't its reg...

March 4, 2025 84 Views 0 comment Print

Switzerland Suspends Unilateral MFN Clause Application in Tax Treaty with India

Income Tax : Switzerland halts the unilateral application of the MFN clause under its tax treaty with India from 2025, following the Indian Sup...

March 4, 2025 63 Views 0 comment Print

151 FAQs on Finance Bill (Budget) 2025 in India

Income Tax : Explore 151 FAQs on Finance Bill 2025, covering tax provisions, IFSC benefits, TDS/TCS, transfer pricing, and more for informed fi...

March 4, 2025 162 Views 0 comment Print

Search and Seizure: GST vs. Income Tax Key Differences

Income Tax : Compare GST and Income Tax search and seizure processes, highlighting key differences in scope, authority, and taxpayer rights. Le...

March 4, 2025 369 Views 0 comment Print


Latest News


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 10305 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 11295 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 20193 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 1275 Views 0 comment Print

KSCAA Seeks Clarity on Eligibility of Appeals with Delay Condonation under VSVS

Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...

February 15, 2025 174 Views 0 comment Print


Latest Judiciary


No GP Addition Without Discrepancy in Purchases & Sales: ITAT Mumbai

Income Tax : ITAT Mumbai rules on Nickunj Eximp case: Disputes over bogus purchases, demonetization cash deposits, and assessment procedures....

March 5, 2025 30 Views 0 comment Print

Delay in issuing Section 143(2) Notice Renders Reassessment Invalid: Delhi HC

Income Tax : The Delhi High Court quashed a tax reassessment notice issued to Indus Towers Ltd. for AY 2009-10, citing procedural lapses and mi...

March 5, 2025 42 Views 0 comment Print

Procedural Lapses Should Not Override Substantial Justice: ITAT condones Appeal filing delay

Income Tax : ITAT Mumbai condones a 314-day delay in Atlantic Bio Medical Pvt. Ltd.'s appeal, citing a bona fide mistake in tax filing and a ri...

March 5, 2025 33 Views 0 comment Print

JAO can issue Section 148 notice after Section 132 search: Gujarat HC

Income Tax : Gujarat High Court rules that a jurisdictional assessing officer cannot override the faceless assessment scheme under Section 151A...

March 4, 2025 15 Views 0 comment Print

Section 270A Penalty Doesn’t Require Mens Rea Presence: ITAT Bangalore

Income Tax : ITAT Bangalore held that that mens rea is not an essential condition for imposing penalties under civil acts. Penalty u/s. 270A of...

March 4, 2025 63 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 27, 2025 381 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 25, 2025 2166 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 21, 2025 11121 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 19, 2025 8142 Views 0 comment Print

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 942 Views 0 comment Print


Notification No. 11277/2000-Income Tax Dated 22/3/2000

March 22, 2000 340 Views 0 comment Print

Notification No. 11277-Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961, and in partial modification of Notification No. 11151, dated 30th November, 1999 [published at (1999) 157 CTR (St) 131], the Central Board of Direct Taxes hereby specifies the following equity and preference shares and debentures as long-term specified securities for the purposes of the said section

Notification No. S. O. 258(E)-Income Tax Dated 22/3/2000

March 22, 2000 354 Views 0 comment Print

Notification No. S. O. 258(E)-Income Tax In exercise of the powers conferred by sub-section (1) of -section 54EA of the Income-tax Act, 1961, and in partial modification of Notification No. 11151 dated November 30, 1999, the Central Board of Direct Taxes hereby specifies the following equity and preference shares and debentures as long-term specified securities for the purposes of the said section,

Notification No. S. O. 259(E)-Income Tax Dated 22/3/2000

March 22, 2000 447 Views 0 comment Print

Notification No. S. 0. 259(E)-Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and equity shares as long-term specified securities, for the purposes of the said section

Notification No. S. O. 260(E)-Income Tax Dated 22/3/2000

March 22, 2000 420 Views 0 comment Print

Notification No. S. O. 260(E)-Income Tax In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and debentures as long-term specified securities, for the purposes of the said section,

Notification NO. 737/2000-Income Tax Dated 22/3/2000

March 22, 2000 307 Views 0 comment Print

Notification NO. 737-Income Tax In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Radhakrishna Mandir, Calcutta to be a place of public worship of renown throughout the State of West Bengal and other nearby States for the purpose of the said section.

Notification No. 11273/2000-Income Tax Dated 15/3/2000

March 15, 2000 382 Views 0 comment Print

Notification No. 11273-Income Tax Notification No. 11273, dt. 15th March, 2000 Whereas the annexed Convention between the Government of the Republic of India and the Government of the Kingdom of Morocco for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has come into force on the 20th day of February, 2000 on the notification by both the Contracting States

Notification No. S. O. 238(E)-Income Tax Dated 14/3/2000

March 14, 2000 450 Views 0 comment Print

Notification No. S. O. 238(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Tax-free Bonds of the National Housing Bank-Swarn Jayanti Rural Housing Finance, 1999-2000 (Third Series) of rupees one lakh each carrying an interest of 8.5 per cent.

Notification No. 733/2000-Income Tax Dated 14/3/2000

March 14, 2000 364 Views 0 comment Print

Notification No. 733-Income Tax It is notified for general information that enterprises/industrial under taking, 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 1999-2000, 2000-2001 and 2001-2002.

Notification No. 736/2000-Income Tax Dated 14/3/2000

March 14, 2000 325 Views 0 comment Print

Notification No 736-Income Tax It is notified for general information that Infrastructure Development Finance Company Ltd., Chennai, has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000.

Notification No. 11265/2000-Income Tax Dated 14/3/2000

March 14, 2000 424 Views 0 comment Print

Notification No. 11265-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Tax-free Bonds of the National Housing Bank-Swarn Jayanti Rural Housing Finance, 1999-2000 (Third Series) of rupees one lakh each carrying an interest of 8.5% per annum for a period of seven years

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