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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 105 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 60 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 153 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 366 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 10299 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 20190 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 27 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 39 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 12 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. 11218/2000-Income Tax Dated 27/1/2000

January 27, 2000 400 Views 0 comment Print

Notification No. 11218-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 1999-2000, 2000-2001 and 2001-2002.

Notification No. 603/2000-Income Tax Dated 25/1/2000

January 25, 2000 382 Views 0 comment Print

Notification No. 603-Income Tax In exercise of the powers conferred by clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies in 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 said clause for the assessment years 2000-2001 to 2002-2003.

Notification No. 11211/2000-Income Tax Dated 25/1/2000

January 25, 2000 370 Views 0 comment Print

Notification No. 11211-Income Tax In exercise of the powers conferred by clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 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 said clause for the assessment years 2000-2001 to 2002-2003.

Notification No. 11207/2000-Income Tax Dated 19/1/2000

January 19, 2000 346 Views 0 comment Print

Notification No. 11207-Income Tax It is notified for general information that undertaking, 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 2000-2001, 2001-2002 and 2002-2003.

Notification No. 11208/2000-Income Tax Dated 19/1/2000

January 19, 2000 463 Views 0 comment Print

Notification No. 11208-Income Tax It is notified for general information that M/s Delhi Financial Corporation, Delhi has been approved by the Central Government as a Corporation engaged for providing long-term finance of 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. 2. The approval is subject to the condition

Notification No. 11209/2000-Income Tax Dated 19/1/2000

January 19, 2000 319 Views 0 comment Print

Notification No. 11209-Income Tax It is notified for general information that enterprises/industrial undertakings, 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.

Amendments to NBFC Regulations

January 13, 2000 5760 Views 0 comment Print

As you are aware, Reserve Bank has put in place a comprehensive regulatory and supervisory framework in January 1998, in terms of which certain measures were taken for protecting the interests of depositors and for ensuring that the NBFCs function on sound and healthy lines.

Notification No. 11204/2000-Income Tax Dated 12/1/2000

January 12, 2000 298 Views 0 comment Print

Notification No. 11204-Income Tax the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers from 0000001 to 2337495 of the face value of rupees five thousand each

Notification No. 11202/2000-Income Tax Dated 12/1/2000

January 12, 2000 364 Views 0 comment Print

Notification No. 11202-Income Tax Whereas the annexed Second Protocol to the Convention between the Government of the Republic of India and the Government of New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income comes into force on 30th December, 1999, thirty days after the date of receipt of later of notifications by both the Contracting States

Notification No. 11201/2000-Income Tax Dated 10/1/2000

January 1, 2000 259 Views 0 comment Print

Notification No. 11201-Income Tax It is notified for general information that M/s Pratima Housing Development Finance Corporation Limited has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000.

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