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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


FAQs on Reporting Foreign Income and Assets in Your ITR

Income Tax : Did you know that failing to disclose your foreign assets in your Income Tax Return (ITR) can lead to penalties of up to ₹10 lak...

April 4, 2025 87 Views 0 comment Print

Understanding HRA, TDS, and Income tax notices: Analysis

Income Tax : Learn about HRA claims, TDS obligations on rent, and why taxpayers are receiving tax notices. Understand compliance steps to avoid...

April 4, 2025 2658 Views 1 comment Print

From Complexity to Clarity: Navigating the New Direct Tax Code

Income Tax : Article seeks to explore the contents of New Direct Tax Code, which will be finalised in the coming weeks. Additionally, it aims t...

April 4, 2025 189 Views 0 comment Print

Income Tax Department Alerts Assessees on Non-Deduction of Tax on Rent

Income Tax : Learn about Income Tax Department alerts regarding non-deduction of tax on rent under Section 194IB of the Income Tax Act, 1961....

April 4, 2025 648 Views 0 comment Print

Tax Planning for Managerial Decisions | Finance Act 2025 Updates

Income Tax : Discover tax planning strategies for managerial decisions with insights on Finance Act 2025 changes. Learn simplified versions of ...

April 3, 2025 65664 Views 0 comment Print


Latest News


Exemption From Income Tax on Annual Income Up To ₹12 Lakh

Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...

April 3, 2025 369 Views 0 comment Print

Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 99 Views 0 comment Print

Supplementary FAQs for Finance Bill, 2025

Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...

March 26, 2025 5724 Views 0 comment Print

Challenges and Solutions for Junior Income Tax Assessment Officers

Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...

March 26, 2025 234 Views 0 comment Print

JAO Charge Reorganization: ITGOA Seeks Immediate Action

Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...

March 26, 2025 303 Views 0 comment Print


Latest Judiciary


Co-Op Credit Society Eligible for 80P(2)(a)(i) Deduction on Total Income, Including Bank Interest: ITAT Mumbai

Income Tax : ITAT Mumbai allows 80P(2)(a)(i) deduction for cooperative credit society, including interest from cooperative banks, reversing low...

April 4, 2025 42 Views 0 comment Print

Capital Gains on Mutual Fund Units Not Taxable in India for Singapore Resident Under DTAA: ITAT Mumbai

Income Tax : ITAT Mumbai allows tax exemption on capital gains for NRI under India-Singapore DTAA, rejecting AO's classification of mutual fund...

April 4, 2025 51 Views 0 comment Print

Director’s Income Tax Liability: HC dismisses writ as Alternative Remedy exist

Income Tax :  Karnataka High Court dismisses writ petition challenging a tax liability order under Section 179 of the IT Act, citing an altern...

April 4, 2025 78 Views 0 comment Print

Write-Back is not Turnover for Section 44AB Tax Audit: Gujarat HC

Income Tax : Gujarat High Court rules write-back of provisions isn't 'turnover' or 'gross receipts' under Sec 44AB, quashing tax return invali...

April 4, 2025 3162 Views 0 comment Print

Section 44AD Deemed Profit Rate Not Fixed – ITAT Lowers Milk Sales Margin to 3%

Income Tax : 8% deemed profit rate as specified u/s 44AD is not a fixed standard & may vary depending on nature of business - Reduces profit ma...

April 4, 2025 162 Views 0 comment Print


Latest Notifications


Amendments in TDS Deductions Under Finance Act 2025

Income Tax : Changes in TDS deductions under Finance Act 2025 include revised thresholds for Sections 194A, 194H, and 80CCA. Effective from Apr...

April 4, 2025 27 Views 0 comment Print

PAN-Aadhaar Linking Mandatory for Applications Before Oct 1, 2024; Deadline Dec 31, 2025

Income Tax :  CBDT mandates Aadhaar intimation for PAN holders who applied before October 1, 2024. Deadline set for December 31, 2025. Know co...

April 4, 2025 36 Views 0 comment Print

PAN Holders Must Link Aadhaar for Applications Filed Before October 1, 2024

Income Tax : CBDT mandates Aadhaar intimation for PAN holders who applied before October 1, 2024. Know the latest Income Tax Rule amendments ef...

April 4, 2025 24 Views 0 comment Print

Finance Act 2025 assented by President of India on 29.03.2025

Income Tax : On 29 March 2025, the President of India granted assent to the Finance Act 2025, marking a significant milestone in the country’...

March 29, 2025 6132 Views 0 comment Print

Section 10(46) Income Tax Exemption for Karnataka Urban Water Board Notified

Income Tax : The Karnataka Urban Water Supply & Drainage Board receives tax exemption for specified income from FY 2023-24 to 2027-28 under Sec...

March 28, 2025 219 Views 0 comment Print


Notification No. S.O.1542 – Income Tax Dated 25/5/1999

May 25, 1999 381 Views 0 comment Print

Notification No.S. O. 1542 – Income Tax It is notified for general information that Manraj Housing Finance Limited, Jalagaon, has been approved by the Central Government for the section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1997-98, 1998-99 and 1999-2000

Notification No. 10936/1999 – Income Tax Dated 25/5/1999

May 25, 1999 283 Views 0 comment Print

Notification No. 10936/1999 – Income Tax It is notified for general information that M/s Manraj Housing Finance Limited Jalagaon, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1997-98, 1999-99 and 1999-2000

Notification No. 10935/1999 – Income Tax Dated 25/5/1999

May 25, 1999 316 Views 0 comment Print

Notification No. 10935/1999 – 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. S.O.1453 – Income Tax Dated 20/5/1999

May 20, 1999 420 Views 0 comment Print

Notification No.S. O. 1453 – Income Tax It is notified for general information that enterprises, 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. 10933/1999 – Income Tax Dated 20/5/1999

May 20, 1999 394 Views 0 comment Print

Notification No.10933 – Income Tax It is notified for general information that enterprises, 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. 10926/1999 – Income Tax Dated 14/5/1999

May 14, 1999 271 Views 0 comment Print

Notification No.10926 – Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections to the Notification No. 10826 dated 15th March, 1999 [published at (1999) 152 CTR (St) 220] as subsequently corrected by Corrigendum No. 10881 dated 29th April, 1999 [published at (1999) 153 CTR (St) 26]

Notification No. S.O.331(E) – Income Tax Dated 13/5/1999

May 13, 1999 360 Views 0 comment Print

Notification No.S. O. 331(E) – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax, 1961 (43 of 1961), the Central Government specifies

Notification No. S.O.1376 – Income Tax Dated 13/5/1999

May 13, 1999 363 Views 0 comment Print

Notification No.S. O. 1376 – Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections to the Notification No. 10826, dated 15-3-1999 as subsequently corrected by corrigendum No. 10881, dated 29th April, 1999

Notification No. S.O.328(E) – Income Tax Dated 12/5/1999

May 12, 1999 363 Views 0 comment Print

Notification No.S. O. 328(E) – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes No. S.O. 939(E), dated 29th October, 1998, published at page 2 of the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated 29th October, 1998, at page 2, in line 9, for “(Twenty-fifth Amendment)”, read “(Twenty-fourth Amendment)

Notification No. 10923/1999 – Income Tax Dated 12/5/1999

May 12, 1999 286 Views 0 comment Print

Notification No.10923 – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) number S.O. 939(E), dated the 29th October, 1999 published at (1999) 150 CTR (St) 4] published at page 2 in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated the 29th October, 1999, at page 2, in line 9, for “(Twenty-fifth

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