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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


What is PAN 2.0? What is the Use of PAN Card? Do you need a new card – All Questions Answered

Income Tax : The Income Tax Department (ITD) is upgrading the existing PAN card systems in India through a new e-governance project called PAN ...

February 19, 2025 399 Views 0 comment Print

All provisions for Trust/NPO at one place in Income Tax Bill 2025

Income Tax : The Income-tax Bill, 2025 has been tabled in Parliament on 13th February 2025, marking a significant step toward simplifying the l...

February 19, 2025 360 Views 0 comment Print

Budget 2025: Key Income Tax Proposals

Income Tax : Overview of key income tax changes for non-residents, charitable trusts, and individuals, including SEP rules, fund management, an...

February 18, 2025 4710 Views 0 comment Print

Budget 2025 Synopsis: Tax Reforms & Economic Initiative

Income Tax : Budget 2025 focuses on economic growth, tax reforms, and infrastructure. Key changes include new tax rates, financial sector refor...

February 18, 2025 456 Views 0 comment Print

Tax Benefits for Parents under Income Tax Act 1961

Income Tax : Explore tax benefits available for parents under the Income Tax Act, including education, health insurance, and deductions for med...

February 18, 2025 849 Views 0 comment Print


Latest News


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 3432 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 16161 Views 2 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 1023 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 120 Views 0 comment Print

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 14, 2025 9630 Views 0 comment Print


Latest Judiciary


AO couldn’t reopen old Assessments using future amendment banning Goodwill depreciation and in absence of reasons to believe

Income Tax : Since reasons recorded by AO to form prima facie conclusion that there was likelihood of any gain on account of revenue expenses i...

February 19, 2025 42 Views 0 comment Print

ITAT Bangalore Remands Section 54 Exemption Case for Review

Income Tax : ITAT Bangalore sets aside CIT(A) order in Section 54 exemption case due to lack of documents. The case is remanded for fresh revie...

February 19, 2025 351 Views 0 comment Print

Non-Compliance Due to Email Change: ITAT Restores Quantum & Penalty Appeals to CIT(A)

Income Tax : ITAT Pune restores Mauli Nagari's tax case to CIT(A)-NFAC due to non-compliance issues. Read about penalties, unexplained cash dep...

February 19, 2025 33 Views 0 comment Print

ITAT Luncknow directed CIT(A) to re-consider condonation as delay of 4 days erroneously calculated as 551 days

Income Tax : ITAT Lucknow held that delay of 4 days erroneously calculated as delay of 551 days by CIT(A). Accordingly, directed CIT(A) to cons...

February 19, 2025 48 Views 0 comment Print

AO’s order cannot be deemed erroneous Solely Due to PCIT Disagreement: ITAT Jaipur

Income Tax : Explore the ITAT Jaipur decision in Mujmmeel Vs ACIT, examining Section 263 order invoking unexplained investments and its implica...

February 19, 2025 141 Views 0 comment Print


Latest Notifications


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 4035 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 831 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 138447 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 231 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 390 Views 0 comment Print


Notification No. S.O.3066-Income Tax Dated 10/9/1984

September 10, 1984 381 Views 0 comment Print

Notification No. S.O.3066-Income Tax It is hereby notified for general information that the validity of the approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to the Economic and Scientific Research Association, Calcutta, vide Ministry of Finance (Dept. of Revenue), Notification No. 12 (F. No. 10/9/64-ITA. I) dated 20th February, 1964 is restricted upto 30th June, 1985.

Notification No. S.O.3842-Income Tax Dated 10/9/1984

September 10, 1984 321 Views 0 comment Print

Notification No. S.O.3842-Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi

Notification No. S.O.3824-Income Tax Dated 10/9/1984

September 10, 1984 198 Views 0 comment Print

Notification No. S.O.3824-Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category ” Institution ” subject to the following conditions

Notification No. S.O.3823-Income Tax Dated 10/9/1984

September 10, 1984 258 Views 0 comment Print

Notification No. S.O.3823-Income Tax In continuation of this office Notification No. 5628 (F. No. 203/74/82-ITA. II), dated 14-2-1984, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of

Notification No. S.O.3822-Income Tax Dated 10/9/1984

September 10, 1984 303 Views 0 comment Print

Notification No. S.O.3822-Income Tax It is hereby notified for general information that the validity of the approval granted under section 35(1)(ii) of the Economic and Scientific Research Association, Calcutta, vide Ministry of Finance (Department of Revenue), Notification No. 12 (F. No. 10/9/64-ITA. I) dated 20th February, 1964, is restricted up to 30th June, 1985.

Notification No. S.O.3821-Income Tax Dated 10/9/1984

September 10, 1984 303 Views 0 comment Print

Notification No. S.O.3821-Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category ” Association ” subject to the following conditions

Notification No. S.O.3084-Income Tax Dated 10/9/1984

September 10, 1984 207 Views 0 comment Print

Notification No. S.O.3084-Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purpose of sub-section (2A) of the section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, by the Secretary, Department of Science and Technology, New Delhi

Notification No. S.O.3070-Income Tax Dated 10/9/1984

September 10, 1984 237 Views 0 comment Print

Notification No. S.O.3070-Income Tax In continuation of this office Notification No. 4445 (F. No. 203/165/81-ITA II), dated 25-1-82, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of

Notification No. S.O.3171-Income Tax Dated 6/9/1984

September 6, 1984 294 Views 0 comment Print

Notification No. S.O.3171-Income Tax 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 Sringeri Mutt, Sringeri ” for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Circular No. 393 – Income Tax dated 5-9-1984

September 5, 1984 384 Views 0 comment Print

Circular No. 393 – Income Tax I am directed to invite a reference to the Board’s Circular No. 368 [F. No. 275/24/83-IT(B)], dated 16-9-1983, wherein you were requested to issue necessary instructions for making deduction of income-tax at source from the payments of “Interest on Government securities” as prescribed in the Finance Act, 1983.

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