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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


Role of Taxation in Addressing Income Inequality

Income Tax : Taxation plays a key role in reducing income inequality through progressive tax policies, redistribution, and public services. Lea...

February 28, 2025 201 Views 0 comment Print

Key Tax Considerations for Freelancers and Gig Economy Workers

Income Tax : Understand tax obligations for freelancers in India, including GST, deductions, advance tax, and compliance strategies to manage t...

February 28, 2025 171 Views 0 comment Print

Understanding Standard Deduction: A Key Tax Benefit

Income Tax : The standard deduction is one of the most popular deductions because it makes tax filing easier by lowering taxable income without...

February 27, 2025 672 Views 1 comment Print

Residential Status of An Assessee in Income Tax Act, 1961

Income Tax : Learn how residential status affects tax liability under the Income Tax Act, 1961. Understand ROR, RNOR, and NR classifications an...

February 27, 2025 366 Views 0 comment Print

Section 87A Rebate post Bombay High Court Judgement

Income Tax : Bombay High Court, in Chamber of Tax Consultants v. Director General of Income Tax (Systems) (2025), ruled that flaws in the ITR u...

February 27, 2025 2853 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 9936 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 10905 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 20127 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 1221 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 174 Views 0 comment Print


Latest Judiciary


Accumulation u/s. 11(1)(a) allowed at 15% of gross receipts: ITAT Delhi

Income Tax : ITAT Delhi held that accumulation under section 11(1)(a) of the Income Tax Act is to be allowed at 15% of gross receipts. Accordin...

February 28, 2025 27 Views 0 comment Print

Capital gain cannot be treated as bogus merely on warning letter of SEBI without any incriminating material

Income Tax : ITAT Chandigarh held that treating capital gains earned on sale of shares as bogus merely on the basis of warning letter of SEBI w...

February 28, 2025 69 Views 0 comment Print

No Reassessment After 4 Years for AO’s Error in Computing Income When Material Facts Fully Disclosed

Income Tax : Bombay High Court invalidates reassessment notice under Section 148 of the Income Tax Act, citing failure to meet jurisdictional c...

February 28, 2025 138 Views 0 comment Print

Initiation of revision proceedings u/s. 263 based on audit objection not tenable in law: ITAT Jaipur

Income Tax : ITAT Jaipur held that exercise of revisionary power under section 263 of the Income Tax Act on the basis of audit objection is not...

February 28, 2025 81 Views 0 comment Print

Resolve Accounting Method Disputes Through Appellate Process, Not Judicial Review: Bombay HC

Income Tax : Bombay High Court dismisses Shandilya Properties LLP's petition challenging an income tax assessment order, directing them to exha...

February 28, 2025 78 Views 0 comment Print


Latest Notifications


Select Committee of Lok Sabha to examine Income-Tax Bill, 2025

Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...

February 27, 2025 297 Views 0 comment Print

CBDT Amends Rules 12CA, 12CC & Forms 10IH, 64A, 64B, 64C, 64D, 64E & 64F

Income Tax : CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, imp...

February 25, 2025 1911 Views 0 comment Print

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 10416 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 8010 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 915 Views 0 comment Print


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

Notification No. S.O. 3801, Date of Issue: 24.10.1964

October 24, 1964 328 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby notifies the Sri Kanyaka Parameswari De

Notification No. S.O. 3660, Date of Issue: 13.10.1964

October 13, 1964 355 Views 0 comment Print

Notification: S.O.3660 This notification contains Amendment to Income-tax Rules carried out on 13-10-1964 not reproduced here as it is already contained in the body of the Rules itself.

Notification No. S.O. 3673, Date of Issue: 05.10.1964

October 5, 1964 313 Views 0 comment Print

Notification: S.O.3673 Central Government hereby accords approval to the Banque Francaise du Commerce Exterieur, Paris, for the purposes of exemption from tax on the interst payable by any industrial undertaking in India on moneys borrowed by it under a loan agreement entered into with the said foreign financial institution

Notification No. S.O. 2817 Date of Issue: 14.08.1964

August 14, 1964 385 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 104 of the Income-tax Act, 1961 (43 of 1961), the Central Government, being of opinion that it is necessary and

Notification No. S.O. 2772, Date of Issue: 01.08.1964

August 1, 1964 352 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been by the Council of Scientific and Industrial Research, the ‘prescribed authority’ for the purposes of clause

Notification No. S.O. 2663, Date of Issue: 29.07.1964

July 29, 1964 418 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section 5 of section 2 of the Finance Act, 1964 (5 of 1964), the Central Board of Direct Taxes hereby makes the following rules, namely :—

Notification No. S.O. 2681, Date of Issue: 27.07.1964

July 27, 1964 426 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Sangameswarar Temple, Bhavani,

Notification No. S.O. 2567, Date of Issue: 27.07.1964

July 27, 1964 349 Views 0 comment Print

Notification: S.O.2567 This notification contains amendments to Income-tax Rules carried out on 27th July, 1964 not reproduced here as it is already contained in the body of the rules itself.

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