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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


TDS Rate Chart For F.Y. 2025-26

Income Tax : Check the TDS chart for FY 2025-26, covering various payments like salary, dividends, winnings, rent, and more. Understand the app...

April 10, 2025 36 Views 0 comment Print

Common Mistakes to Avoid During Online Section 12A Registration

Income Tax : Learn common errors in the Online 12A Registration Process and how NGOs can avoid delays or rejections when applying for tax exemp...

April 10, 2025 9 Views 0 comment Print

Advance Tax Payment Process and Due Dates

Income Tax : Learn about advance tax, eligibility, due dates, and payment process to avoid penalties under the Income Tax Act....

April 10, 2025 360 Views 0 comment Print

Legal Loopholes, Gray Areas & Creative Deception in Income Tax Act, 1961

Income Tax : The scope of this analysis encompasses a detailed exploration of these three concepts within the Indian income tax framework, draw...

April 10, 2025 180 Views 0 comment Print

Breakeven Tax Analysis: Old vs New Tax Regime FY 2024-25

Income Tax : Compare the breakeven tax liabilities between the old and new tax regimes for FY 2024-25 and understand when each regime is more f...

April 9, 2025 3636 Views 0 comment 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 2115 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 1332 Views 0 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 204 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 5841 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 252 Views 0 comment Print


Latest Judiciary


Discount on issue of ESOP allowed as deduction: ITAT Delhi

Income Tax : ITAT Delhi held that discount on issue of Employee Stock Ownership Plan [ESOP] is allowable as deduction under section 37 of the I...

April 10, 2025 42 Views 0 comment Print

Penalty u/s. 270A not leviable as order & notice failed to specify applicable limb

Income Tax : ITAT Pune held that penalty under section 270A is not leviable since neither the assessment order nor the notice issued u/sec.274 ...

April 10, 2025 75 Views 0 comment Print

PCIT cannot exercise revisionary power u/s. 263 to restore issue for verification purpose: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that PCIT cannot exercise revisionary power u/s. 263 to restore an issue for the purpose of verification only ...

April 10, 2025 48 Views 0 comment Print

Exemption u/s. 10(23C)(vi) denied as hostel fees charged is significantly high: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that exemption under section 10(23C)(vi) of the Income Tax Act is admissible to the trust has exist solely for...

April 10, 2025 75 Views 0 comment Print

Madras HC directed to challenge assessment and rectification order before CIT(A)

Income Tax : Madras High Court disposed of the writ petition with direction to petitioner to challenge the impugned Assessment Order as well as...

April 10, 2025 78 Views 0 comment Print


Latest Notifications


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 2022 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 1482 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 4068 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 126 Views 0 comment Print

CBDT notifies Income Tax Exemption for Greater Mohali Authority

Income Tax : CBDT notifies Greater Mohali Area Development Authority for income tax exemption under section 10(46A), effective from assessment ...

April 8, 2025 102 Views 0 comment Print


Notification No. S.O.2249 Date of Issue: 26/6/1967

June 26, 1967 439 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 Nos. 2B and 49 and the entries thereagainst from the Schedule annexed to its Notification S.R.O. 1214 (No. 44 Income-tax), dated the 1st July, 1952

Notification No. S.O.2007 Date of Issue: 6/6/1967

June 6, 1967 439 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 ex

Notification No. S.O.1951 Date of Issue: 31/5/1967

May 31, 1967 757 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 598, dated 13th February, 1967, published on pages 447 to 454 in Part II — Section 3 — Sub-section (ii) of the Gazette of India, Extraordinary, dated the 15th February, 1967 —

Notification: S.O.1949 Date of Issue: 29/5/1967

May 29, 1967 490 Views 0 comment Print

Notification: S.O.1949 This notification contains amendments to Income-tax Rules carried out on 29th May, 1967 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O. 1741 Date of Issue: 8/5/1967

May 8, 1967 310 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 Sri Mogileswara Swamy Temple Trustee Board, Mogili, Andhra Pradesh, to be a place of public worship of renown throughout the Andhra Pradesh for the purpose of the said section

Notification: S.O.1740 Date of Issue: 28/4/1967

April 28, 1967 283 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 Shri Parthasarathy Swamy Devasthanam, Triplicane, Madras, to be of historic importance and also as a place of public worship of renown throughout the State of Madras

Notification: S.O.1739 Date of Issue: 28/4/1967

April 28, 1967 319 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 Shri Purshotamaperumal Temple, Nangoor, Madras, to be a place of worship of renown throughout the State of Madras

Notification: S.O.1562 Date of Issue: 22/4/1967

April 22, 1967 319 Views 0 comment Print

In exercise of the powers conferred by sub-section 23 of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “Polo” as one of the games for the purposes of the said section

Notification: S.O.1469 Date of Issue: 15/4/1967

April 15, 1967 382 Views 0 comment Print

In exercise of the powers conferred by sub-section 126 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial Nos. 46, 47, 48, 50 and 51 and the entries thereagainst from the Schedule annexed to its Notification S.R.O. 1211 (No. 44-Income-tax), dated the 1st July, 1952

Notification: S.O.1466 Date of Issue: 6/4/1967

April 6, 1967 358 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961, the Central Government hereby notifies Sri Subramaniaswamy Temple, Kumarayayalur, Madras State, to be of a place of public worship of renown throughout the Madras State, to be of a place of public worship of renown throughout the Madras State for the purpose of the said section

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