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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


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 102 Views 0 comment Print

Tax-Saving Strategies for Taxpayers in this March!!!

Income Tax : Krishna, as in March the end of the financial year approaches, many people start thinking about how to save more tax. After all, a...

March 4, 2025 108 Views 0 comment Print

eTDS Return Corrections – An Overview

Income Tax : Understand eTDS return corrections, the six-year revision limit, and challenges in claiming TDS credit. Learn how tax adjustments ...

March 4, 2025 675 Views 0 comment Print

Why CS Should Be Accountants Under Income-Tax Bill 2025 – A Research

Income Tax : Explore our analysis on including Company Secretaries as Accountants under the Income-Tax Bill 2025. Benefits include improved com...

March 4, 2025 3228 Views 0 comment Print

Tax Avoidance vs. Tax Evasion: Line Between Legal Planning & Illegal Practices

Income Tax : While tax avoidance is legal and involves strategic tax planning, tax evasion is illegal and constitutes fraudulent activities to ...

March 4, 2025 249 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 10251 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 11253 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 20184 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 1269 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


Rejection of Section 80IAC Claim Unjustified for mere Form 10CCB Delay

Income Tax : ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim u...

March 3, 2025 336 Views 0 comment Print

Sundry Debtors Not Unexplained Money Under Section 69A: ITAT Jaipur

Income Tax : ITAT Jaipur held that amount of sundry debtor recorded in books of account are not any money, bullion, jewellery or other valuable...

March 3, 2025 606 Views 0 comment Print

Reassessment not valid if no application of mind by AO: ITAT Pune

Income Tax : Aadhunik Infrastructure Development Pvt. Ltd. Vs DCIT (ITAT Pune) The Income Tax Appellate Tribunal (ITAT), Pune Bench “A,” ha...

March 2, 2025 555 Views 0 comment Print

Applicability of Sections 41(1) & 68 on Lease and Booking Advances as Ceased Liabilities – ITAT Ruling

Income Tax : ITAT Nagpur rules in ITO Vs N. Kumar Housing, addressing ₹5.2 crore addition under Sections 41(1) and 68. Liability cessation an...

March 2, 2025 228 Views 0 comment Print

No penalty under Section 271(1)(c) if income declared during search & seizure

Income Tax : ITAT Pune rules in Ramchandra Jadhavrao vs. ACIT that no penalty under Section 271(1)(c) applies if income is declared in return p...

March 2, 2025 480 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 2160 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 11034 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 8130 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. 11049/1999 – Income Tax Dated 25/8/1999

August 25, 1999 319 Views 0 comment Print

Notification No. 11049/1999 – 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 1999-2000, 2000-2001 and 2001-2002

Notification No. 11047/1999 – Income Tax Dated 25/8/1999

August 25, 1999 274 Views 0 comment Print

Notification No. 11047/1999 – 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 1999-2000, 2000-2001 and 2001-2002

Notification No. 11044/1999 – Income Tax Dated 24/8/1999

August 24, 1999 238 Views 0 comment Print

Notification No. 11044/1999 – 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 “Arulmigu Atcheeswarar Temple”, Acharapakkam, Kanchipuram to be a place of public worship of renown throughout the State of Tamil Nadu and other nearby States for the purpose of the said section

Circular No. 778-Income Tax Dated 20-8-1999

August 20, 1999 571 Views 0 comment Print

Circular No. 778-Income Tax The Finance Act, 1999, has made amendment in section 35(1) of the Income-tax Act, 1961, by which the approval under section 35(1)(ii) and section 35(1)(iii) of the Income-tax Act shall be granted by the Central Government instead of prescribed authority [Director General of Income-tax (Exemption), in concurrence with Secretary, Department of Scientific and Industrial Research

Notification No. S.O.676(E) – Income Tax Dated 20/8/1999

August 20, 1999 372 Views 0 comment Print

Notification No.S. O. 676(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following further amendments in the notifications of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes No. S.O. 548(E), dated 9th July, 1990, namely

Notification No. S.O.675(E) – Income Tax Dated 20/8/1999

August 20, 1999 561 Views 0 comment Print

Notification No.S. O. 675(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Commissioner of Income-tax (Central), Patna, shall (i) have jurisdiction over all such cases or classes of cases as may be assigned to him in terms of section 127 of the Income-tax Act, for the purpose of the

Notification No. S.O.674(E) – Income Tax Dated 20/8/1999

August 20, 1999 309 Views 0 comment Print

Notification No.S. O. 674(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), and in supersession of the Notification S.O. 7(E), dated 5th January, 1998, and S. O. 972(E), dated 13th November, 1998, published in the Gazette of India, Extraordinary, on 5th January, 1998, and dated 13th November, 1998, respectively, the Central Board of Direct

Notification No. 11043/1999 – Income Tax Dated 20/8/1999

August 20, 1999 283 Views 0 comment Print

Notification No. 11043/1999 – Income Tax In exercise of the powers conferred by subsection (1) and sub-section (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby makes the following further amendments in the notification of the Government of India

Notification No. 11042/1999 – Income Tax Dated 20/8/1999

August 20, 1999 262 Views 0 comment Print

Notification No. 11042/1999 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Commissioner of Income-tax (Central), Patna shall

Notification No. 11041/1999 – Income Tax Dated 20/8/1999

August 20, 1999 325 Views 0 comment Print

Notification No. 11041/1999 – Income Tax In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act, 1961 (43 of 1961), and in supersession of the Notification S.O. 7(E) dated 5th January, 1998 [published at (1998) 144 CTR (St) 47] and S.O. 972(E) dated 13th November, 1998 [published at (1998) 150 CTR (St) 8], published in the Gazette of India Extraordinary on the 5th January

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