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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


Global Tax Avoidance: Double Irish, Dutch Sandwich

Income Tax : Explore how MNCs used the Double Irish & Dutch Sandwich strategy to avoid taxes and the global efforts made to close these loophol...

April 15, 2025 252 Views 0 comment Print

Amendment in Section 143(1) of Income Tax Act, 1961

Income Tax : The 2025 amendment in Section 143(1) of the Income Tax Act introduces new compliance requirements. Taxpayers must ensure consisten...

April 14, 2025 2280 Views 0 comment Print

Presumptive Taxation Scheme for Professionals: Benefits & Misconceptions

Income Tax : To give relief to small taxpayers from tedious job of maintaining of books of account and getting accounts audited, Income-tax Act...

April 14, 2025 3750 Views 4 comments Print

Section 87A Rebate & LTCG Tax under section 112A for FY 2024-25

Income Tax : Understand income tax rebate u/s 87A and LTCG tax u/s 112A under the new tax regime for FY 2024-25 with calculation rules, limits,...

April 12, 2025 3012 Views 2 comments Print

Tax Loss Harvesting in FY 2025-26:  A Smart Way to Reduce Your Tax Liability

Income Tax : Tax loss harvesting is a tax planning strategy that allows taxpayers, especially investors, to lower their capital gains tax liabi...

April 12, 2025 1020 Views 0 comment Print


Latest News


ITAT enables e-filing and virtual hearings

Income Tax : ITAT enables e-filing and virtual hearings; over 26,000 e-filings and 1.22 lakh video hearings conducted till Feb 2025, per Minist...

April 5, 2025 2199 Views 1 comment Print

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 1839 Views 1 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 270 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 5907 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 270 Views 0 comment Print


Latest Judiciary


Perfunctory or mechanical approvals under Section 151 are invalid: ITAT Delhi

Income Tax : ITAT Delhi cancels reassessment in Jagbir Singh's case due to invalid approval under Section 151. Legal jurisdiction under Section...

April 16, 2025 39 Views 0 comment Print

Legal Error Ignoring Binding SC Judgment Cannot Be Corrected Through Appellate Remedies

Income Tax : Kerala High Court quashes IT assessment for Poonjar Service Co-operative Bank and directs reassessment following Supreme Court’s...

April 16, 2025 39 Views 0 comment Print

Reassessment Void as Reopening Initiated by Officer Without Jurisdiction: ITAT Delhi

Income Tax : ITAT Delhi sets aside reassessment order against Tirlok Singh citing jurisdictional errors in notice issued under Section 148 by I...

April 16, 2025 27 Views 0 comment Print

Reassessment Proceedings Without Proper Jurisdiction Void Ab Initio: ITAT Chandigarh

Income Tax : ITAT Chandigarh annuls reassessment against Manjit Singh due to jurisdictional error by ITO Dasuya in issuing notice under Section...

April 16, 2025 60 Views 0 comment Print

ITAT Quashes Assessment Framed by Non-Jurisdictional AO for Lack of Authority

Income Tax : ITAT Chandigarh cancels income tax reassessment of Manjeet Singh, citing lack of jurisdiction and procedural errors by the Assessi...

April 16, 2025 30 Views 0 comment Print


Latest Notifications


ITO doesn’t have jurisdiction to issue notice to NRI: ITAT Chandigarh

Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...

April 11, 2025 4185 Views 0 comment Print

CBDT notifies ITR-B for Income Tax Block Search Assessment Return

Income Tax : CBDT introduces ITR-B for search and seizure cases under section 158BC of the Income Tax Act, effective from 1st September 2024....

April 9, 2025 2928 Views 0 comment Print

CBDT Sets 30th April 2025 as Deadline for Vivad Se Vishwas Declarations

Income Tax : CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024....

April 9, 2025 2139 Views 0 comment Print

HUDCO Bonds Notified as Long-Term Assets for Section 54EC

Income Tax : HUDCO bonds issued after April 1, 2025, notified as long-term assets under Section 54EC for capital gains exemption, usable for in...

April 9, 2025 4464 Views 0 comment Print

CBDT notifies Income Tax Exemption for Prayagraj Mela Pradhikaran

Income Tax : CBDT grants tax exemption to Prayagraj Mela Pradhikaran under section 10(46A) of the Income-tax Act, effective from assessment yea...

April 8, 2025 150 Views 0 comment Print


Notification No. 11189/1999 – Income Tax Dated 31/12/1999

December 31, 1999 319 Views 0 comment Print

Notification No. 11189/1999 – Income It is notified for general information that enterprise, 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. 11188/1999 – Income Tax Dated 30/12/1999

December 30, 1999 409 Views 0 comment Print

Notification No. 11188/1999 – Income Tax It is notified for general information that the 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

Notification No. 1302/1999 – Income Tax Dated 28/12/1999

December 28, 1999 823 Views 0 comment Print

Notification No. 1302/1999 – Income Tax In exercise of the powers conferred in item (B) of clause (ii) of the proviso to sub-clause (c) of clause (1A), and item (b) of sub-clause (iii) of clause (14), of section 2 of the Income-tax Act, 1961 (43 of 1961), in the Schedule to the Notification S. O. No. 10(E), dated 6th January, 1994, for serial number 7 relating to Goa and entries thereto, the following shall be substituted, namely

Notification No. 11186/1999 – Income Tax Dated 28/12/1999

December 28, 1999 1738 Views 0 comment Print

Notification No. 11186/1999 – Income Tax In exercise of the powers conferred in item (B) of clause (ii) of the proviso to sub-clause (c) of clause (1A), and item (b) of sub-clause (iii) of clause (14), of section 2 of the Income-tax Act, 1961 (43 of 1961), in the schedule to the Notification S.O. 10(E), dated 6th January, 1994 [published at (1994) 116 CTR (St) 13], for serial number 7 relating to Goa and entries thereto, the following shall be substituted, namely

Notification No. 11185/1999 – Income Tax Dated 28/12/1999

December 28, 1999 445 Views 0 comment Print

Notification No. 11185/1999 – Income Tax Whereas the Central Government, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as said Act), has framed and notified a scheme for industrial park, in the notification of the Government of India in the Ministry of Industry and Commerce (Department of Industrial Policy and

Notification No. 11181/1999 – Income Tax Dated 23/12/1999

December 23, 1999 316 Views 0 comment Print

Notification No. 11181/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies tax-free Bonds of the National Capital Region Planning Board (NCRPB), 2006 (Series-I) of rupees five lakh each carrying an interest of 9.70% per annum for a period of seven years for an amount of rupees

Notification No. 11180/1999 – Income Tax Dated 23/12/1999

December 23, 1999 262 Views 0 comment Print

Notification No. 11180/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies tax free Bonds of the National Capital Region Planning Board (NCRPB), 2005 (Series-I, IB and IC) of rupees five lakh each carrying an interest of 10.5% per annum for a period of seven years for an amount of rupees eighty-four crores fifty lakhs only bearing distinctive numbers from 2839 to 4528 issued by the NCRPB, New Delhi for the

Notification No. 11176/1999 – Income Tax Dated 20/12/1999

December 20, 1999 580 Views 0 comment Print

Notification No. 11176/1999 – Income Tax In exercise of the powers conferred by the Explanation below sub-section (1) of section 54G of the Income-tax Act, 1961 (43 of 1961), the Central Government having regard to the population, concentration of industries, need for proper planning of the area and other relevant factors, hereby declares the areas falling within the limits of Municipal Corporation mentioned in column (3) of the schedule hereto annexed and situated within the State shown in column (2) thereof, as urban areas for the purposes of

Notification No. 11175/1999 – Income Tax Dated 20/12/1999

December 20, 1999 247 Views 0 comment Print

Notification No. 11175/1999 – 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, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002.

Notification No. 11174/1999 – Income Tax Dated 20/12/1999

December 20, 1999 352 Views 0 comment Print

Notification No. 11174/1999 – Income Tax Whereas the Central Government, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), has framed and notified, by the notification of the Government of India in the Ministry of Industry (Department of Industrial Policy and Promotion) No. S.O. 1201(E), dated the 1st Dec., 1999 a scheme for industrial park

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