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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: Provisions related to Non-Profit Organisations

Income Tax : The new Income Tax Bill consolidates provisions for non-profits, covering registration, taxation, compliance, and capital gains ru...

February 20, 2025 6438 Views 0 comment Print

Income from House Property: Income Tax Bill 2025

Income Tax : The Income-Tax Bill 2025 simplifies house property income taxation, reducing complexity while maintaining key provisions for bette...

February 20, 2025 2787 Views 1 comment Print

New Diplomacy of Income Tax Department: Tax Collection Without Direct Enforcement

Income Tax : India's Income Tax Department shifts to a taxpayer-friendly approach, prioritizing silent recoveries, refund adjustments, and redu...

February 20, 2025 717 Views 0 comment Print

7 Reasons to Include CMAs as “Accountants” in Income Tax Bill 2025

Income Tax : Explore why Cost Accountants (CMAs) should be included in the definition of "Accountant" under the Income Tax Bill 2025 for a comp...

February 19, 2025 14874 Views 20 comments Print

Tax Savings Under New Regime of 2025: Guide to Deductions & Exemptions

Income Tax : Understand the New Tax Regime 2025 with updated slabs, deductions, and exemptions. Learn how to save tax and choose the best regim...

February 19, 2025 6864 Views 2 comments 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 8805 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 19530 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 1068 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 141 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 9933 Views 0 comment Print


Latest Judiciary


ITAT Kolkata Dismisses Appeal, Allows Revival If VSV Scheme Fails

Income Tax : ITAT Kolkata dismisses Nikhil Commosales Pvt. Ltd.'s appeal, permitting revival if the assessee's application under the Vivad Se V...

February 21, 2025 21 Views 0 comment Print

Section 131 IT Act Empowers AO to Summon Documents as Civil Court: Karnataka HC

Income Tax :  Karnataka High Court dismisses Revenue’s appeal in PCIT Vs Ennoble Construction, ruling on transport creditors' tax liability ...

February 20, 2025 48 Views 0 comment Print

Section 271C Penalty for TDS Non-Deduction Requires Reasonable Cause: SC

Income Tax : Supreme Court emphasizes reasonable cause for TDS non-deduction under Section 271C. Highlights interplay of Sections 4, 5, 9, and ...

February 20, 2025 87 Views 0 comment Print

Delhi HC directs issuance of Nil tax deduction certificate to SFDC Ireland

Income Tax : Delhi HC directs Nil TDS for SFDC Ireland citing no Permanent Establishment in India. Clarifies taxation under DTAA and Rule 28AA ...

February 20, 2025 78 Views 0 comment Print

Penalty Imposed by CIT(A) Without SCN from AO Held Infructuous by ITAT Mumbai

Income Tax : Claim of the assessee for deduction for education cess was on a bonafide belief that it was allowable expenditure u/s. 37(1) and h...

February 20, 2025 57 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 6450 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 864 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 139164 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 249 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 411 Views 0 comment Print


Notification No. S.O.707-Income Tax Dated 16/2/1984

February 16, 1984 273 Views 0 comment Print

Notification No. S.O.707-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Shri Datta Sansthan Balekundri, Distt. Belgaum “, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86

Notification No. S.O.1747-Income Tax Dated 16/2/1984

February 16, 1984 351 Views 0 comment Print

Notification No. S.O.1747-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 “University” subject to the following

Notification No. S.O.1746-Income Tax Dated 10/2/1984

February 10, 1984 240 Views 0 comment Print

Notification No. S.O.1746-Income Tax It is hereby notified for general information that the words ” in the area of other natural and applied sciences ” occurring in seventh line of ministry of Finance (Department of Revenue) Notification No. 5412 (F. No. 203/35/83-ITA, II), dated 28-9-1983, are hereby deleted.

Notification No. S.O.620-Income Tax Dated 8/2/1984

February 8, 1984 300 Views 0 comment Print

Notification No. S.O.620-Income Tax This notification contains Corrigendum to Income-tax Act carried out on February 8, 1984 not reproduced here as it is already contained in the body of the Act itself.

Notification No. S.O.619-Income Tax Dated 8/2/1984

February 8, 1984 252 Views 0 comment Print

Notification No. S.O.619-Income Tax In continuation of this Office Notification No. 3748 (F. No. 203/243/80-ITA.II), dated 20-11-83, 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

Notification No. S.O.618-Income Tax Dated 8/2/1984

February 8, 1984 258 Views 0 comment Print

Notification No. S.O.618-Income Tax In continuation of this Office Notification No. 3712 (F. No. 203/135/80-ITA.II), dated 29-10-80, 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 (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6

Notification No. S.O.1022-Income Tax Dated 7/2/1984

February 7, 1984 291 Views 0 comment Print

Notification No. S.O.1022-Income Tax In continuation of this Office Notification No. 4488 (F. No. 203/68/81-ITA. II), dated 25-2-82, 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

Notification No. S.O.814-Income Tax Dated 6/2/1984

February 6, 1984 259 Views 0 comment Print

Notification No. S.O.814-Income Tax In continuation of this Office Notification No. 3779 (F. No. 203/284/80-ITA. II), dated 27-12-1980, 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

Notification No. S.O.505-Income Tax Dated 3/2/1984

February 3, 1984 180 Views 0 comment Print

Notification No. S.O.505-Income Tax In continuation of this office Notification No. 3778 (F. No. 203/287/80-ITA. II), dated 27th December, 1980, 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

Notification No. G.S.R.47(E)-Income Tax Dated 28/1/1984

January 28, 1984 435 Views 0 comment Print

Notification No. G.S.R.47(E)-Income Tax In exercise of the powers conferred by the second proviso to sub-section (1) of section 35CC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following classes and categories of programmes of rural development for the purposes of the said section, namely

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