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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


FAQs on TCS on Luxury Goods: New Rules & Items (₹10 Lakh+)

Income Tax : Learn about the latest changes in TCS under Section 206C(1F) for luxury goods exceeding ₹10 lakh. Find the list of notified item...

April 24, 2025 4278 Views 0 comment Print

Sale of Agricultural Land – How to Save Tax?

Income Tax : This article explores how taxpayers can save Long-Term Capital Gains (LTCG) arising from the sale of agricultural land. Relevant S...

April 24, 2025 2949 Views 0 comment Print

CBDT Mandates TCS on 10 new High-Value Luxury Goods wef 22nd April 2025

Income Tax : CBDT Notification 36/2025 requires sellers to collect TCS on luxury goods like watches, art over ₹10 lakh from April 22, 2025. L...

April 23, 2025 3060 Views 0 comment Print

ITR Refund Delays: What You Should Know in 2024-25

Income Tax : Your ITR refund for FY 2024-25 may be delayed due to pending tax issues. Learn why and how to handle notices from the Income Tax D...

April 22, 2025 5874 Views 0 comment Print

All about Revised Presumptive Taxation Scheme under Section 44ADA

Income Tax : Learn about the revised Section 44ADA, eligibility, new ₹75L threshold, benefits, and compliance rules for professionals under p...

April 22, 2025 2388 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 2481 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 2145 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 360 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 6033 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 312 Views 0 comment Print


Latest Judiciary


Penalty u/s 271(1)(c) was not leviable for voluntarily disclosed Bona Fide mistake by taxpayer

Income Tax : Assessee-a government-owned entity, had initially filed its income tax return for the assessment year 2016-17, declaring nil incom...

April 24, 2025 36 Views 0 comment Print

Moratorium u/s. 14 of IBC cannot be extended against large public interest

Income Tax : NCLT Mumbai held that imposition of moratorium u/s. 14 of Insolvency and Bankruptcy Code, 2016 for the acquisition of land by Mumb...

April 24, 2025 63 Views 0 comment Print

Writ disposed due to existence of alternative remedy: Madras HC

Income Tax : Madras High Court held that the existence of an alternative remedy precludes the petitioner from approaching this Court through a...

April 24, 2025 45 Views 0 comment Print

Calcutta HC granted liberty to respond to notice issued u/s. 148

Income Tax : Calcutta High Court held that liberty is granted to the petitioner to respond to notice issued under section 148 of the Income Tax...

April 24, 2025 66 Views 0 comment Print

Reassessment quashed as conclusion that income has escaped assessment not established: Delhi HC

Income Tax : Delhi High Court held that facts narrated in notice u/s. 148A(b) couldn’t lead to conclusion that income has escaped assessment....

April 24, 2025 54 Views 0 comment Print


Latest Notifications


Notification u/s 10(46A) of Income Tax Act in case of National Mission for Clean Ganga

Income Tax : The Central Government notifies the National Mission for Clean Ganga as exempt from income tax under Section 10(46A), effective AY...

April 23, 2025 72 Views 0 comment Print

CBDT notifies 10 new items on which TCS needs to be collected

Income Tax : The Central Board of Direct Taxes notifies tax collection at source on the sale of certain goods exceeding 竄ケ10 lakh, effectiv...

April 23, 2025 10548 Views 0 comment Print

CBDT amends form No. 27EQ and added 10 new items for TCS Reporting

Income Tax : Latest income tax rule changes effective April 2025. Form 27EQ updated with new categories for tax collection at source on various...

April 23, 2025 978 Views 0 comment Print

HUDCO Bond Notified as Zero Coupon by CBDT

Income Tax : CBDT notifies HUDCO’s 10-Year Zero Coupon Bond worth ₹5,000 Cr under Section 2(48) of Income-tax Act for infrastructure projec...

April 19, 2025 714 Views 0 comment Print

Section 35(1)(ii): KIMS Foundation Approved for scientific research Tax Benefits  

Income Tax : CBDT approves KIMS Foundation, Hyderabad for scientific research under Section 35 of Income-tax Act, effective FY 2025–26 to AY ...

April 19, 2025 210 Views 0 comment Print


Notification: S.O.3320 Date of Issue: 9/8/1971

August 9, 1971 343 Views 0 comment Print

Notification: S.O.3319 Nair Golden Jubilee Research Foundation, Bombay 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.3318 Date of Issue: 9/8/1971

August 9, 1971 412 Views 0 comment Print

Notification: S.O.3318 Madan Mohan Lal Ayurvedic Research Society, 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.3493 Date of Issue: 26/7/1971

July 26, 1971 310 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following temples to be place of public worship of

Notification: S.O.3492 Date of Issue: 26/7/1971

July 26, 1971 358 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Thirupapuliyur Shri Pataleeswarar

Notification: S.O.1061 Date of Issue: 24/7/1971

July 24, 1971 325 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 121 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments to the

Notification: S.O.3795 Date of Issue: 8/7/1971

July 8, 1971 331 Views 0 comment Print

Notification: S.O.3795 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Kalyana Ranganathaswamy Te

Notification: S.O.3490 Date of Issue: 7/7/1971

July 7, 1971 364 Views 0 comment Print

Notification: S.O.3490 In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Cane Commissioner, U.P., for the purpose of that sub-clause

Circular No. 62-Income Tax dated 29-6-1971

June 29, 1971 331 Views 0 comment Print

Circular No. 62-Income Tax Reference is invited to Circular No. 32 issued by the Board on 29-10-1969 [printed here as Annex II] and Departmental Circular No. 30-D(LVIII-34), dated 7-11-1966. [printed here as Annex III]

Notification: S.O.3147 Date of Issue: 19/6/1971

June 19, 1971 427 Views 0 comment Print

In partial modification of Board’s Notification No. 87 dated 29th May, 1970, and in exercise of the powers conferred by sub-section (1) of section 121 of the Income-tax Act, 1961 (43 of 1961), the Central Boa

Circular No. 61-Income Tax dated 19-6-1971

June 19, 1971 481 Views 0 comment Print

Circular No. 61-Income Tax I am directed to say that in the Finance (No. 2) Bill, 1971, introduced in Parliament on May 28, 1971, it has been proposed to amend the provisions in section 80M. Under the scheme of the said provisions, inter-corporate dividends are subjected to tax at a concessional rate, by allowing a deduction of a specified per­centage

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