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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


Unmasking Tax Evasion Through Agricultural Income: An Analysis

Income Tax : An in-depth analysis of how agricultural income tax exemptions are used for evasion, with suggestions to curb misuse and protect s...

April 16, 2025 42 Views 0 comment Print

Global Tax Avoidance: Double Irish, Dutch Sandwich

Income Tax : Explore how MNCs used the Double Irish & Dutch Sandwich strategy to avoid taxes and the global efforts made to close these loophol...

April 15, 2025 288 Views 0 comment Print

Amendment in Section 143(1) of Income Tax Act, 1961

Income Tax : The 2025 amendment in Section 143(1) of the Income Tax Act introduces new compliance requirements. Taxpayers must ensure consisten...

April 14, 2025 2454 Views 0 comment Print

Presumptive Taxation Scheme for Professionals: Benefits & Misconceptions

Income Tax : To give relief to small taxpayers from tedious job of maintaining of books of account and getting accounts audited, Income-tax Act...

April 14, 2025 3843 Views 4 comments Print

Section 87A Rebate & LTCG Tax under section 112A for FY 2024-25

Income Tax : Understand income tax rebate u/s 87A and LTCG tax u/s 112A under the new tax regime for FY 2024-25 with calculation rules, limits,...

April 12, 2025 3123 Views 2 comments Print


Latest News


ITAT enables e-filing and virtual hearings

Income Tax : ITAT enables e-filing and virtual hearings; over 26,000 e-filings and 1.22 lakh video hearings conducted till Feb 2025, per Minist...

April 5, 2025 2199 Views 1 comment Print

Exemption From Income Tax on Annual Income Up To ₹12 Lakh

Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...

April 3, 2025 1851 Views 1 comment Print

Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 273 Views 0 comment Print

Supplementary FAQs for Finance Bill, 2025

Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...

March 26, 2025 5916 Views 0 comment Print

Challenges and Solutions for Junior Income Tax Assessment Officers

Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...

March 26, 2025 273 Views 0 comment Print


Latest Judiciary


ITAT Jaipur Remands Capital Gains Case to AO for Fresh Hearing

Income Tax : ITAT Jaipur allows Ashok Kumar Jain's appeal for statistical purposes, remanding capital gains issue to AO for reconsideration wit...

April 16, 2025 12 Views 0 comment Print

Bombay HC Declines to Quash Reassessment Notice citing incomplete information

Income Tax : Bombay High Court declines to quash reassessment notice against Sanjay Patel, citing incomplete information and liberty to appeal....

April 16, 2025 318 Views 0 comment Print

Gujarat HC Quashes Section 148 Notice Following ITAT Deletion of Prior Year Addition

Income Tax : Gujarat High Court quashes Income Tax notice u/s 148 and order u/s 148A(d) against Ammann India, citing non-consideration of ITAT ...

April 16, 2025 108 Views 0 comment Print

ITAT Quashes Assessments Over Common & Mechanical Approvals for Multiple Years

Income Tax : ITAT Delhi quashes assessment orders against Splendor Landbase and its director, faulting the JCIT's mechanical approval under Sec...

April 16, 2025 69 Views 0 comment Print

ITAT Delhi Upholds CIT’s Order for Fresh Assessment Over Unverified Cash Deposits

Income Tax : ITAT Delhi dismisses Ankush Garg's appeal, upholding CIT's order for fresh assessment due to lack of inquiry on cash deposits....

April 16, 2025 330 Views 0 comment Print


Latest Notifications


ITO doesn’t have jurisdiction to issue notice to NRI: ITAT Chandigarh

Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...

April 11, 2025 4215 Views 0 comment Print

CBDT notifies ITR-B for Income Tax Block Search Assessment Return

Income Tax : CBDT introduces ITR-B for search and seizure cases under section 158BC of the Income Tax Act, effective from 1st September 2024....

April 9, 2025 2943 Views 0 comment Print

CBDT Sets 30th April 2025 as Deadline for Vivad Se Vishwas Declarations

Income Tax : CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024....

April 9, 2025 2160 Views 0 comment Print

HUDCO Bonds Notified as Long-Term Assets for Section 54EC

Income Tax : HUDCO bonds issued after April 1, 2025, notified as long-term assets under Section 54EC for capital gains exemption, usable for in...

April 9, 2025 4476 Views 0 comment Print

CBDT notifies Income Tax Exemption for Prayagraj Mela Pradhikaran

Income Tax : CBDT grants tax exemption to Prayagraj Mela Pradhikaran under section 10(46A) of the Income-tax Act, effective from assessment yea...

April 8, 2025 150 Views 0 comment Print


Notification No. S.O.2096-Income Tax, Dated: 26.05.1980

May 26, 1980 232 Views 0 comment Print

It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.

Notification No. S.O.2298-Income Tax, Dated: 26.05.1980

May 26, 1980 265 Views 0 comment Print

That the Usha Scientific Research Institute, Calcutta, will maintain a separate account of the sums received by it for scientific research in the field of natural or applied sciences (other than agriculture/animal husbandry/fisheries and medicines).

Notification No. S.O.2427-Income Tax, Dated: 26.05.1980

May 26, 1980 313 Views 0 comment Print

That the said institution will furnish the annual return 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.2300-Income Tax, Dated: 26.05.1980

May 26, 1980 274 Views 0 comment Print

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 The Coimbatore Sree Ayyappa Seva Sangham, for the purpose of the said section for the assessment year(s) 1978-79, 1980-80 and 1980-81.

Notification No. S.O.351(E)-Income Tax, Dated: 26.05.1980

May 26, 1980 439 Views 0 comment Print

This notification contains Amendments (Second Amendment) to Income-tax Rules carried out on 26th May, 1980 not reproduced here as it is already contained in the body of the rules itself.

Circular No. 271-Income Tax dated 26-5-1980

May 26, 1980 432 Views 0 comment Print

Circular No. 271-Income Tax I am directed to invite a reference to this Department’s Circular No. 254 [F. No. 275/28/79-IT(B)], dated 23-5-1979 on the subject of deduction of income-tax from insurance commission, etc., during the financial year 1979-80.

Circular No. 270-Income Tax dated 26-5-1980

May 26, 1980 468 Views 0 comment Print

Circular No. 270-Income Tax I am directed to invite a reference to this Department’s Circular No. 257 [F. No. 275/36/79-IT(B)], dated 4-6-1979, on the subject of deduction of income-tax from winnings from lottery or crossword puzzle payable during the year 1979-80.

Notification No. S.O.2293-Income Tax, Dated: 24.05.1980

May 24, 1980 208 Views 0 comment Print

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(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.

Notification No. S.O.2294-Income Tax, Dated: 24.05.1980

May 24, 1980 217 Views 0 comment Print

That the said Centre will furnish the annual return 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.994-Income Tax, Dated: 23.05.1980

May 23, 1980 358 Views 0 comment Print

It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, by the Indian Council of Agricultural Research, New Delhi.

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