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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


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 3 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 63 Views 0 comment Print

Income Tax 1961 vs Income Tax Bill, 2025: Key Changes in Tax Provisions

Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...

February 13, 2025 6258 Views 0 comment Print

Comparative Analysis: Income Tax Act 1961 vs. Income Tax Bill 2025

Income Tax : A detailed comparison of key provisions in the Income Tax Act, 1961, and the proposed Income Tax Bill, 2025, highlighting major ch...

February 13, 2025 9762 Views 0 comment Print

USA Taxation 2024: Updated Guidelines for Individuals

Income Tax : Stay updated with 2024 US individual tax filing details, including deadlines, tax rates, forms, and standard deductions. Learn abo...

February 13, 2025 288 Views 0 comment Print


Latest News


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 2298 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 156 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 516 Views 0 comment Print

Corporate Tax Collections & Incentives for Global Firms

Income Tax : Corporate tax collections rose post rate cuts from AY 2020-21, except during COVID. Budget 2025 proposes presumptive tax for elect...

February 12, 2025 48 Views 0 comment Print

Reminder for Filing TDS Statement 26Q for Q2 FY 2024-25

Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...

February 8, 2025 10680 Views 2 comments 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 42 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 36 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 15 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 234 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 33 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 119502 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


Delhi HC Orders Income Tax Commissioner to Accept BCI’s Form No. 10

January 10, 2024 606 Views 0 comment Print

Read the detailed analysis of Bar Council of India vs CIT case by Delhi High Court. Learn how the court directed the acceptance of Form 10 after condoning the delay.

Delhi HC Rules Investment in Indian subsidiary Shares is Capital Account Transaction

January 10, 2024 711 Views 0 comment Print

Delhi High Court judgment in Nestle SA vs ACIT clarifies that investment in shares by Nestle in its Indian subsidiary is a capital account transaction, not income.

Certificate of Lower deduction/No deduction of TDS

January 10, 2024 2445 Views 0 comment Print

Know how to avoid unnecessary TDS deductions! Learn about certificates for lower or nil TDS deduction under the Income Tax Act. Simplify your tax filing process.

Electricity (Amendment) Rules, 2024

January 10, 2024 3654 Views 0 comment Print

Explore the latest Electricity (Amendment) Rules, 2024 by the Ministry of Power. Learn about dedicated transmission lines, open access charges, and bridging revenue gaps.

HC directs AO to revise penalty orders in light of  fresh/revised assessment orders

January 10, 2024 567 Views 0 comment Print

Kerala High Court orders revision of penalty after fresh assessment in P.M. Abdul Nazeer vs ACIT case. Details of the judgment and its implications.

HC quashes petition as Video recording reveals patience during hearing- No natural justice violation

January 10, 2024 540 Views 0 comment Print

Court dismisses petitioner’s claim of natural justice violation in tax assessment. Video recording reveals patience during hearing, disproving alleged misconduct.

ITAT Orders Re-examination of Section 153A Validity and return filing Issue

January 9, 2024 1017 Views 0 comment Print

Explore the ITAT Mumbai order on DCIT vs. Ronak Gems – Section 153A. Analysis of grounds challenging validity and scope of assessment. Full text of the order included.

Summary of Hon’ble ITAT Pune decision on Transfer Pricing in the year 2023

January 9, 2024 1638 Views 0 comment Print

Explore detailed analysis of Hon’ble ITAT Pune decisions in 2023 on transfer pricing, covering allocation of expenses, custom duty, working capital, methods, and more.

Section 80IA(4): Deduction eligible as agreement entered for development of infrastructure

January 9, 2024 1098 Views 0 comment Print

Gujarat High Court held that as agreement entered into is for the development of infrastructure facility and not the works contract hence assessee is eligible to avail deduction available under section 80IA(4) of the Income Tax Act.

PCIT Central not competent authority u/s 12AB(1) to pass order on registration of Trust

January 9, 2024 3123 Views 0 comment Print

The recent ruling by the Delhi ITAT in the case of Aggarwal Vidya Pracharni Sabha vs. PCIT has brought to light significant issues regarding the jurisdictional authority in registration cancellation under Section 12AB(4). The order, dated 08.01.2024, has declared the cancellation by PCIT Central as without jurisdiction.

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