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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


Role of Taxation in Addressing Income Inequality

Income Tax : Taxation plays a key role in reducing income inequality through progressive tax policies, redistribution, and public services. Lea...

February 28, 2025 123 Views 0 comment Print

Key Tax Considerations for Freelancers and Gig Economy Workers

Income Tax : Understand tax obligations for freelancers in India, including GST, deductions, advance tax, and compliance strategies to manage t...

February 28, 2025 63 Views 0 comment Print

Understanding Standard Deduction: A Key Tax Benefit

Income Tax : The standard deduction is one of the most popular deductions because it makes tax filing easier by lowering taxable income without...

February 27, 2025 528 Views 1 comment Print

Residential Status of An Assessee in Income Tax Act, 1961

Income Tax : Learn how residential status affects tax liability under the Income Tax Act, 1961. Understand ROR, RNOR, and NR classifications an...

February 27, 2025 267 Views 0 comment Print

Section 87A Rebate post Bombay High Court Judgement

Income Tax : Bombay High Court, in Chamber of Tax Consultants v. Director General of Income Tax (Systems) (2025), ruled that flaws in the ITR u...

February 27, 2025 2451 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 9873 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 10848 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 20121 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 1215 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


Resolve Accounting Method Disputes Through Appellate Process, Not Judicial Review: Bombay HC

Income Tax : Bombay High Court dismisses Shandilya Properties LLP's petition challenging an income tax assessment order, directing them to exha...

February 28, 2025 24 Views 0 comment Print

Addition u/s. 69C unwarranted as unaccounted expenditures met out of unaccounted receipts

Income Tax : ITAT Ahmedabad held that once the unaccounted receipts from the sale of properties are subjected to taxation as part of the capita...

February 28, 2025 33 Views 0 comment Print

ITAT Directs CIT(E) to Consider Form 10AB Application on Merits Despite Error in Clause Selection

Income Tax : ITAT Chennai orders CIT(E) to reconsider Sri Ramajayam Educational Trust’s Form 10AB application, citing rejection on technical ...

February 28, 2025 72 Views 0 comment Print

Order passed u/s. 148A(d) beyond 3 years with approval of PCIT instead of PCCIT quashed

Income Tax : ITAT Pune held that approval of Principal Chief Commissioner of Income Tax [PCCIT] required for order passed under section 148A(d)...

February 28, 2025 39 Views 0 comment Print

Co-Op Banks Qualify as Co-Op Societies for Section 80P(2)(d) Deduction: ITAT Panaji

Income Tax : Cooperative banks fall within definition of cooperative society under Section 2(19). ITAT concluded that assessee was entitled to ...

February 28, 2025 33 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 273 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 1893 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 10344 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 7995 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 915 Views 0 comment Print


Notification No. S.O.505-Income Tax, Dated: 11.12.1989

December 11, 1989 268 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri 108 Prannathji Mandir Trust, Dham, Panna, M. P., for the purpose of the said sub-clause for the assessment years 1985-86 to 1989-90.

Notification No. S.O.1226-Income Tax, Dated: 08.12.1989

December 8, 1989 298 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Tribune Trust, Chandigarh for the purpose of the said sub-clause for the assessment years 1984-85 to 1989-90.

Notification No. S.O.986(E) – Income Tax Dated 6/12/1989

December 6, 1989 459 Views 0 comment Print

Notification No.S.O.986(E) – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising to REDECON, Australia Pty. Ltd., a company incorporated at St. Leonards, 2065 NSW, Australia, and NEDECO, a company incorporated having its office at Berge en Dalseweg 61-81, P. O. Box No. 151, 6500 AD

Notification No. S.O.984(E) – Income Tax Dated 5/12/1989

December 5, 1989 333 Views 0 comment Print

Notification No.S.O.984(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. S. O. 392(E), dated 31st May, 1989, namely

Notification No. S.O.983(E) – Income Tax Dated 5/12/1989

December 5, 1989 399 Views 0 comment Print

Notification No.S.O.983(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. S. O. 684(E), dated 24th September, 1986, namely

Notification No. S.O.1220-Income Tax, Dated: 30.11.1989

November 30, 1989 400 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Bombay Natural History Society, Bombay for the purpose of the said sub-clause for the assessment years 1988-89 and 1989-90.

Notification No. S.O.1221-Income Tax, Dated: 30.11.1989

November 30, 1989 217 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Bihar School of Yoga, Monghyr for the purpose of the said sub-clause for the assessment year 1989-90.

Notification No. S.O.1222-Income Tax, Dated: 30.11.1989

November 30, 1989 244 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Stock Exchange, Bombay for the purpose of the said sub-clause for the assessment years 1987-88 to 1989-90.

Notification No. S.O.1223-Income Tax, Dated: 30.11.1989

November 30, 1989 241 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Phirojshah Godrej Foundation, Bombay for the purpose of the said sub-clause for the assessment year 1989-90.

Notification No. S.O.1224-Income Tax, Dated: 30.11.1989

November 30, 1989 229 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies South Zone Cultural Centre, Thanjavur, Tamil Nadu for the purpose of the said sub-clause for the assessment year 1989-90.

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