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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


Faceless Tax Assessment: JAO vs. FAO Jurisdiction – Clash of Authorities or Administrative Reform?

Income Tax : The faceless tax assessment scheme in India faces legal disputes over jurisdiction between JAO and FAO. Learn about key court ruli...

February 22, 2025 240 Views 0 comment Print

Section 87A Controversy Continues Even After Budget 2025

Income Tax : Budget 2025 raised the Section 87A rebate limit to ₹12 lakh but restricted its use on special rate income. Learn about key chang...

February 22, 2025 4800 Views 0 comment Print

TDS Rates Chart for FY 2025-26 (AY 2026-27)

Income Tax : Understand the updated TDS rates for FY 2025-26 (AY 2026-27). Comprehensive chart covering salary, interest, dividends, rent, and ...

February 21, 2025 14505 Views 0 comment Print

Provisions related to Revised Tax Slab in Budget 2025 for Individuals

Income Tax : Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key de...

February 21, 2025 780 Views 0 comment Print

Will Income Tax Bill, 2025 AID Economic Growth Momentum of India?

Income Tax : Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, lit...

February 21, 2025 105 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 6117 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 9489 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 19701 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 1098 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 156 Views 0 comment Print


Latest Judiciary


ITAT Deletes Addition: Income Declared, No Money Laundering Evidence

Income Tax : ITAT Mumbai removes addition in Kamal Clearing & Forwarding case, ruling that income was already declared and no evidence of money...

February 22, 2025 21 Views 0 comment Print

ITAT Sets Aside Demonetization Cash Deposit Order against SIM Card Business

Income Tax : ITAT Ahmedabad sets aside assessment order on demonetization cash deposits, citing natural justice violations. Case remanded for f...

February 22, 2025 30 Views 0 comment Print

ITAT Ahmedabad Remands Penalty Appeal for Fresh Adjudication for Lack of Hearing Notice

Income Tax : ITAT Ahmedabad condones delay in appeal and remands case to CIT(A) for fresh adjudication in Lahar Joshi vs. ITO. Fair hearing and...

February 22, 2025 60 Views 0 comment Print

CPC Erred in denying Loss Carry-Forward to Company Eligible for Extended Due Date U/s. 92E: ITAT Ahmedabad

Income Tax : CPC Erred in Denying Loss Carry-Forward by taking wrong due date for company entitled to extended due date under Section 92E of In...

February 22, 2025 66 Views 0 comment Print

ITAT Delhi Allows 80IC Deduction for Form 10CCB Filed Before Section 143(1) Assessment Completion

Income Tax : ITAT Delhi allows 80IC deduction as Form 10CCB was filed before completion of 143(1) proceedings, ruling procedural delay does not...

February 22, 2025 99 Views 0 comment Print


Latest Notifications


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 6081 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 7095 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 873 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 139527 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 255 Views 0 comment Print


Notification No. S.O.3577-Income Tax, Dated: 10.06.1986

June 10, 1986 193 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 “Arogyavaram Development Society, Madanapalle” for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.2609-Income Tax, Dated: 10.06.1986

June 10, 1986 316 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 “Tirumala Tirupati Devasthanams, Tirupati” for the purpose of the said section for the period covered by the assessment years 1987-88 to 1989-90.

Notification No. S.O.2852-Income Tax, Dated: 10.06.1986

June 10, 1986 289 Views 0 comment Print

That the said Society will submit to the prescribed authority by 30th June, each year, copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.

Notification No. S.O.352(E)-Income Tax Dated 10/6/1986

June 10, 1986 324 Views 0 comment Print

Notification No. S.O.352(E)-Income Tax In supersession of all earlier notifications on the subject and by virtue of the powers conferred by sub-section (1) of section 269B of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorise every Assistant Commissioner of Income-tax specified in column (2) of the Table appended to this order to perform the functions of a Competent Authority under Chapter XX-A

Notification No. S.O.2216-Income Tax, Dated: 08.06.1987

June 8, 1986 214 Views 0 comment Print

That the said Institution will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.2851(E)-Income Tax Dated 6/6/1986

June 6, 1986 294 Views 0 comment Print

Notification No. S.O.2851(E)-Income Tax It is hereby notified for general information that the institution/association mentioned below and its programme given hereunder has been approved by the Secretary, Deptt. of Environment, Govt. of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purpose of section 35CCB of the Income-tax Act, 1961

Notification No. S.O.3576-Income Tax, Dated: 05.06.1986

June 5, 1986 253 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 “Wildlife Association of South India, Bangalore” for the purpose of the said section for the period covered by the assessment years 1986-87 to 1988-89.

Notification No. S.O.2849-Income Tax, Dated: 03.06.1976

June 3, 1986 199 Views 0 comment Print

That the said Institute will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.

Notification No. S.O.2850-Income Tax, Dated: 03.06.1986

June 3, 1986 361 Views 0 comment Print

In continuation of this Office Notification No. 5584 (F. No. 203/241/83-ITA-II), dated 13-1-1984, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Scientific and Industrial Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961.

Notification no. S.O.2847-Income Tax, Dated: 30.05.1986

May 30, 1986 235 Views 0 comment Print

That the said Institute, will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

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