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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


Foreign Tax Credit cannot be disallowed for delay in filing Form 67: ITAT Pune

Income Tax : Kedar Jagdish Mankar Vs ACIT (ITAT Pune) Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute be...

February 8, 2025 39 Views 0 comment Print

9 Key Tax Compliance Issues Missed in Union Budget 2025

Income Tax : Union Budget 2025 overlooked critical tax compliance issues, including TDS on partners’ salary, delays in appeals, marginal reli...

February 8, 2025 780 Views 0 comment Print

How Finance Bill 2025 rationalize Tax Loss Time Machine under M&A

Income Tax : The Finance Bill 2025 rationalizes tax loss carry forward rules under M&A by limiting it to 8 years from the original computation ...

February 8, 2025 585 Views 0 comment Print

How to Achieve Tax-Free Rental Income of ₹20,00,000

Income Tax : Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961,...

February 8, 2025 6348 Views 1 comment Print

“Request for Order Giving Effect” on Income Tax e-Filing Portal introduced

Income Tax : Request tax order implementation with Income Tax e-Filing portal’s new feature. Raise Request for Order Giving Effect online to ...

February 8, 2025 5811 Views 1 comment Print


Latest News


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 7989 Views 1 comment Print

Union Cabinet Approves New Income Tax Bill 2025 to Replace 1961 Act

Income Tax : Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India's tax system by replacing the 1961...

February 8, 2025 8010 Views 1 comment Print

CBI Files Case Against 3 Tax Officials, 5 CAs for Sabotaging Faceless Tax Scheme

Income Tax : CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches...

February 7, 2025 10551 Views 0 comment Print

India’s Tax Arrears Reach ₹42.64 Lakh Crore

Income Tax : India's tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litiga...

February 6, 2025 30 Views 0 comment Print

Decriminalization of Minor Direct Tax Offenses in India

Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...

February 6, 2025 54 Views 0 comment Print


Latest Judiciary


ITAT Mumbai quashes reassessment for invalid Section 151(ii) approval

Income Tax : ITAT Mumbai invalidates reassessment in Ramlal G Suthar vs. ITO due to improper approval under Section 151(ii) of the Income-tax A...

February 8, 2025 57 Views 0 comment Print

IT Notices to Non-Existent Company Void Ab Initio, Not Rectifiable Under Section 292B: Bombay HC

Income Tax : Bombay High Court quashes reassessment notices issued to a non-existent entity post-merger in City Corporation Ltd vs ACIT, citing...

February 8, 2025 66 Views 0 comment Print

Bombay HC Seeks Accountability for Lost Jewelry Seized by Tax Department in 2005

Income Tax : Bombay High Court addresses Hiralal Malu’s plea for the return of seized jewelry, highlighting disputes between the tax departme...

February 8, 2025 48 Views 0 comment Print

Carried forward losses cannot be set-off against exempt capital gains under DTAA

Income Tax : ITAT Mumbai ruled on TVF Fund Ltd’s appeal regarding tax loss set-off under DTAA. Key issues include carry-forward losses, taxab...

February 8, 2025 54 Views 0 comment Print

No Section 278AA Prosecution for TDS Delays due to Reasonable Cause: Orissa HC

Income Tax : Orissa HC examines TDS prosecution in D.N. Homes case, focusing on COVID-19 delays and reasonable cause under Section 278AA of the...

February 8, 2025 75 Views 0 comment Print


Latest Notifications


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 150 Views 0 comment Print

CBDT Shares Taxpayer Data for PMGKAY Eligibility

Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...

February 4, 2025 2508 Views 0 comment Print

Finance Bill, 2025 – Budget 2025 (Read Full)

Income Tax : BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS IN...

February 1, 2025 4953 Views 0 comment Print

CBDT Allows Income Tax Data Sharing for PMGKAY Beneficiaries

Income Tax : CBDT authorizes data sharing with the Dept. of Food & Public Distribution to identify beneficiaries under PMGKAY as per Income-tax...

January 30, 2025 396 Views 0 comment Print

Income Tax Dept. IT Systems Declared Protected Under Information Technology Act

Income Tax : Finance Ministry designates key Income Tax Dept. IT systems as protected under the IT Act. Learn about restricted access and autho...

January 28, 2025 411 Views 0 comment Print


Notification: S.O.1086 Date of Issue: 30/3/1965

March 30, 1965 421 Views 0 comment Print

Notification: S.O.1086 This notification contains Amendment to Income-tax Rules carried out on 30-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself

Notification: S.O.929 Date of Issue: 12/3/1965

March 12, 1965 328 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial No. 43 and the entries thereaganist from the Schedule annexed to its notification S. R. O. 1214 (No. 44-Income-tax) dated the 1st July, 1952

Notification: S.O.930 Date of Issue: 12/3/1965

March 12, 1965 298 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby makes the following additions to the Schedule annexed to its Notification No. 1 (F. No. 55/233/63–IT) dated the 1

Notification: S.O.860 Date of Issue: 8/3/1965

March 8, 1965 379 Views 0 comment Print

Notification: S.O.860 This notification contains Amendment to Income-tax Rules carried out on 8-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.654 Date of Issue: 16/2/1965

February 16, 1965 340 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 169, dated 4th January, 1965, published in the Gazette of India. This notification contains corrigendum to Income-tax Act carried out on 16th February, 1995 not reproduced here as it is already contained in the body of the act itself

Notification: S.O.605 Date of Issue: 15/2/1965

February 15, 1965 322 Views 0 comment Print

Notification: S.O.605 RESEARCH INSTITUTE OF ANCIENT SCIENTIFIC STUDIES, NEW DELHI It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification: S.O.591 Date of Issue: 15/2/1965

February 15, 1965 361 Views 0 comment Print

Notification: S.O.591 This notification contains amendments to Income-tax Rules carried out on 15th February, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O.476 Date of Issue: 3/2/1965

February 3, 1965 397 Views 0 comment Print

Notification: S.O.476 INDIAN ACADEMY OF MEDICAL SCIENCES, NEW DELHI has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

Notification: S.O.169 Date of Issue: 4/1/1965

January 4, 1965 439 Views 0 comment Print

Notification: S.O.169 This notification contains amendments to Income-tax Rules carried out on 4th January, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification No. S.O. 4024, Date of Issue: 16.11.1964

November 16, 1964 361 Views 0 comment Print

Notification: S.O.4024 THE SPECIAL COFFEE RESEARCH ASSOCIATION, MADRAS. It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

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