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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


An Overview of New Income Tax Bill, 2025

Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...

February 13, 2025 60 Views 0 comment Print

New Income Tax Bill 2025: FAQs on Key Changes

Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...

February 13, 2025 177 Views 0 comment Print

New Income Tax Bill 2025: General FAQs and Broad Scope

Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...

February 13, 2025 804 Views 0 comment Print

New Income Tax Bill 2025 – Key Takeaways

Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...

February 13, 2025 2685 Views 0 comment Print

Unexplained Cash Credits & Section 68: Tax & Legal Aspects

Income Tax : Learn about unexplained cash credits under Section 68, tax implications, key legal cases, and compliance requirements to avoid pen...

February 13, 2025 117 Views 0 comment Print


Latest News


Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 135 Views 0 comment Print

New Income-Tax Bill 2025: Section Mapping & Updates

Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...

February 13, 2025 117 Views 0 comment Print

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 13, 2025 2430 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 165 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 561 Views 0 comment Print


Latest Judiciary


Allahabad HC Quashes Section 154 Orders for Laconic Reasoning, Natural Justice Breach

Income Tax : Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered....

February 13, 2025 51 Views 0 comment Print

SC: Govt. Grant Interest Taxable (SLP Dismissed)

Income Tax : Supreme Court dismisses Bihar Police Building Construction Corporation's tax appeal due to significant delay....

February 13, 2025 54 Views 0 comment Print

Interest on Govt. Grants Taxable as Income From Other Sources: Patna HC

Income Tax : Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt....

February 13, 2025 30 Views 0 comment Print

SC dismisses ACIT’s appeal against reassessment due to delay & lack of merit

Income Tax : Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperfor...

February 13, 2025 255 Views 0 comment Print

Bombay HC Quashes Reassessment Notice for Section 151 Approval without mind application

Income Tax : Bombay High Court quashes reassessment notice in Teleperformance case due to lack of application of mind in granting approval unde...

February 13, 2025 72 Views 0 comment Print


Latest Notifications


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 120 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 12, 2025 123918 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 189 Views 0 comment Print

Income Tax Act: Section 285 Notification for Liaison Office Statement Filing

Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...

February 10, 2025 327 Views 0 comment Print

Income-Tax Rule 2F Amended for Infrastructure Debt Funds

Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...

February 7, 2025 342 Views 0 comment Print


Income Tax Case: Section 54F Deduction Upheld for Property in Spouse’s Name

January 22, 2024 1791 Views 0 comment Print

Explore the ITAT Delhi’s landmark decision in Simran Bagga vs. ACIT, clarifying eligibility for income tax deduction under section 54F. Insightful analysis and precedent set for property in the spouse’s name.

Section 43B(h): New Tax Rules for Payments to Micro & Small Businesses

January 22, 2024 8649 Views 0 comment Print

Explore the latest changes in Section 43B(h) of the Income Tax Act, affecting payments to Micro and Small Enterprises. Learn the implications, compliance steps, and safeguard your business.

Deductions In Respect of Certain Incomes (Section 80IA To 80IE)

January 22, 2024 60204 Views 0 comment Print

Explore deductions under Sections 80IA to 80IE for A.Y 2021-2025. Understand provisions, eligibility, quantum, and conditions. Simplified guide for professionals and students.

Madras HC Orders Swift Action on Delayed Income Tax Refund to Coda Global LLC

January 22, 2024 924 Views 0 comment Print

Madras High Court directs swift tax refund to Coda Global LLC after Income Tax delay. Learn about case, judgment, and implications. Stay informed on tax issues.

NCDs Redemption, No Income Escapement: ITAT Delhi Rules in Favor of BCP Singapore

January 22, 2024 1533 Views 0 comment Print

BCP V Singapore FVCI Pte. Ltd. wins against reassessment by ITAT Delhi. Detailed analysis of Rs.203.56 Cr. redemption income dispute. No escapement found.

ITAT Directs Re-adjudication on Client Code Modification

January 22, 2024 915 Views 0 comment Print

Explore the ITAT Mumbai’s order in Rajani S Iyer Vs ITO case, directing re-adjudication on Brokers’ Client Code Modification. Full text and analysis of the order provided.

Change of Opinion not Grounds for Income Escaping Assessment: Bombay HC

January 22, 2024 747 Views 0 comment Print

Explore Geopreneur Realty Private Limited vs Union of India in Bombay High Court. Analysis of the notice under Section 148, reasons for reopening, and the court’s stance on change of opinion in income tax assessments.

ITAT Remands Cash Deposit Case During Demonetization by Bar & Restaurant Manager to CIT (A) for Reconsideration

January 22, 2024 657 Views 0 comment Print

Explore ITAT Bangalore’s order in Radhakrishna vs ITO. Cash deposits during demonetization deemed business receipts for bar and restaurant. ITAT remands for reconsideration.

Failure to Produce Loan Transaction & Share Pledge/purchase Documents: ITAT Directs Re-adjudication

January 22, 2024 258 Views 0 comment Print

Failure to produce loan transaction and shares documentation: ITAT Mumbai orders re-examination. Explore the details of Fortune Credit Capital Ltd vs DCIT case.

TDS under Section 194C Applicable to CAM Charges Distinct from Rent: ITAT Delhi

January 22, 2024 3354 Views 0 comment Print

ITAT Delhi decision on TDS under section 194C for CAM charges. Explore Liberty Retail Revolutions Ltd. vs ACIT case details, analysis, and conclusion.

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