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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


Section 87 Rebate on Short-Term Capital Gain (FY 2023-24 & 2024-25)

Income Tax : Learn about Section 87A rebate applicability on short-term capital gains under the new tax regime for FY 2023-25. Explore legal ch...

March 27, 2025 1605 Views 0 comment Print

Assurance at Stake: Difficulties of PPT in light of BEPS Action 6 and MLI

Income Tax : Explore the Principal Purpose Test (PPT) in international tax law, its impact on treaty benefits, legal uncertainty, and potential...

March 26, 2025 96 Views 0 comment Print

Budget 2025 Impact on Real Estate and further analysis

Income Tax : Budget 2025 introduces tax reliefs, higher TDS thresholds, and urban housing reforms, impacting real estate growth while raising c...

March 26, 2025 609 Views 0 comment Print

Key Income Tax Changes Effective from 01.04.2025

Income Tax : Income tax updates effective 1st April 2025 include higher TDS thresholds, extended startup benefits, increased rebates, and simpl...

March 25, 2025 10923 Views 2 comments Print

Received a Notice on HRA Claims? Here’s How to Stay Compliant

Income Tax : Many taxpayers who have claimed an HRA deduction exceeding ₹5 lakh in their income tax returns have received an email from the I...

March 25, 2025 10518 Views 3 comments Print


Latest News


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 3612 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 63 Views 0 comment Print

JAO Charge Reorganization: ITGOA Seeks Immediate Action

Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...

March 26, 2025 114 Views 0 comment Print

Access By IT Officials To Personal Email, Social Media and Bank Accounts

Income Tax : IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not all...

March 26, 2025 4023 Views 0 comment Print

Government Promotes Voluntary Tax Compliance Measures

Income Tax : The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to exten...

March 26, 2025 48 Views 0 comment Print


Latest Judiciary


Loose Papers Entries Unsupported: Tribunal Justified in Deleting Revenue’s Additions

Income Tax : Bombay High Court dismisses revenue's appeal in PCIT Vs Umesh Ishrani case, citing lack of corroboration for loose paper evidence ...

March 27, 2025 3 Views 0 comment Print

Proceedings under Black Money Act cannot be continued after dispute settled under Chapter XIX-A of Income Tax Act

Income Tax : Madras High Court held that post settlement of disputed under Chapter XIX-A of the Income Tax Act, the continuance of the proceedi...

March 26, 2025 84 Views 0 comment Print

Recording interest on loan on cash basis due to financial distress at end of borrower is justifiable

Income Tax : ITAT Mumbai held that change of method of accounting from mercantile to cash system for recording interest income on loan due to f...

March 26, 2025 75 Views 0 comment Print

ITAT Pune Allows Foreign Tax Credit despite Late Filing of Form 67

Income Tax : ITAT Pune directs CPC, Bangalore to allow foreign tax credit despite late filing of Form 67, ruling it as a procedural requirement...

March 26, 2025 60 Views 0 comment Print

Properties cannot be attached indefinitely without subsequent steps to resolve the matter: Delhi HC

Income Tax : Summit Aviation Private Limited obtained financial assistance from respondent no.3, Punjab National Bank, for the purchase of heli...

March 26, 2025 63 Views 0 comment Print


Latest Notifications


Income Tax Offices to Remain Open on March 29-31, 2025

Income Tax : Income Tax offices across India will remain open on March 29-31, 2025, for pending work, as per CBDT order under Section 119 of th...

March 27, 2025 Views 0 comment Print

Amendment of Safe Harbour Rules for AY 2025-26 under Section 92CB

Income Tax : CBDT notifies Income Tax (Sixth Amendment) Rules, 2025, introducing safe harbour rules for assessment year 2025-26. Full details o...

March 26, 2025 246 Views 0 comment Print

High-Risk e-Verification Cases: Instructions for AOs

Income Tax : Guidelines for Assessing Officers on handling high-risk e-Verification cases under the e-Verification Scheme 2021, including steps...

March 20, 2025 798 Views 0 comment Print

CBDT allows data sharing with Delhi’s IT Dept. for social welfare scheme identification

Income Tax : CBDT allows data sharing with Delhi's IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the...

March 19, 2025 243 Views 0 comment Print

CBDT FAQs on Revised Guidelines for Compounding Offences

Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...

March 18, 2025 5409 Views 0 comment Print


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

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 421 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,

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