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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


Inform your current employer about the previous employment and salary

January 9, 2024 3879 Views 0 comment Print

Learn why disclosing previous salary is crucial for accurate tax planning. Explore advance tax intricacies, due dates, and interest implications. Navigate the complexities of income tax seamlessly.

TDS Claim Denied – ITAT Delhi Directs Re-examination

January 9, 2024 810 Views 0 comment Print

Explore ITAT Delhi’s order directing re-examination of TDS claim denial by CPC. Detailed analysis of the case, issues, and the CBDT’s notification for TDS refunds.

Understanding Residency Status for Property Sale by NRIs in India

January 9, 2024 1908 Views 0 comment Print

Explore intricacies of NRI residency status in Indian property transactions. Learn tax implications for resident and non-resident sellers, ensuring a seamless property sale process

When can You expect Notice form Income Tax Department?

January 9, 2024 1617 Views 0 comment Print

It’s essential to be aware of the various situations that may prompt such notices to ensure compliance with tax regulations. In this detailed exploration, we will examine different scenarios that can lead to notices from the Income Tax Department.

Investment in Indian Subsidiary Shares Not Taxable: Delhi HC

January 9, 2024 1584 Views 0 comment Print

Read the detailed analysis of Angelantoni Test Technologies SRL Vs ACIT case in Delhi High Court. Learn how investment in Indian subsidiary shares is deemed capital account transaction, not taxable income.

Assessment Order Without DIN/DN Quashed by ITAT Delhi

January 9, 2024 1038 Views 0 comment Print

Explore ITAT Delhi ruling in Smt. Sharda Devi Bajaj vs. DCIT. Quashing of assessment order lacking Document Identification Number (DIN/DN). Analysis of CBDT Circular.

HC directs AO to pass appeal effect order & Issue Income Tax refund with interest

January 9, 2024 1449 Views 0 comment Print

Explore Delhi High Court’s directive in case of Brillon Consumer Products Pvt. Ltd. vs. DCIT. Detailed analysis of IT refund and appeal effect order.

Granting Condonation for Appeal Delay: Consider Senior Citizens Unfamiliar with Digital Systems & Faceless Scheme

January 8, 2024 2832 Views 0 comment Print

Assessee had shown sufficient cause for the delay in filing the appeals before the Tribunal as he was old and not well acquainted and conversant with the digital system in order to follow up with the income tax notices, which were posted in IT portal. Accordingly, the delay in filing appeal was condoned.

Punjab State Faculty of Ayurvedic & Unani Systems: Income Tax Notification 11/2024

January 8, 2024 528 Views 0 comment Print

Explore the latest Income Tax Notification No.11/2024 regarding Punjab State Faculty of Ayurvedic and Unani Systems of Medicine. Learn about specified income, conditions, and retrospective application.

Section 10(46) Income Tax Exemption for Chennai Metropolitan Water Supply & Sewerage Board

January 8, 2024 816 Views 0 comment Print

Explore the details of Notification No.10/2024 by the Ministry of Finance, providing income tax exemption to Chennai Metropolitan Water Supply and Sewerage Board for specified incomes.

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