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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


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 156 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 5181 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 2112 Views 0 comment Print

TDS and TCS Rates for Financial Year 2025-26

Income Tax : Check TDS and TCS rates for FY 2025-26 (AY 2026-27) for residents and non-residents. Includes thresholds, rates, and key sections ...

April 21, 2025 23301 Views 1 comment Print

Will allotment date of property will be considered over registration date? Analysis of LTCG computation for real estate assets

Income Tax : Mumbai ITAT clarifies LTCG on property: Allotment date, not registration, determines holding period. Impact on tax, Sec 54/54F cla...

April 21, 2025 3951 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 2445 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 2127 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 357 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 6021 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 297 Views 0 comment Print


Latest Judiciary


Addition u/s. 68 not sustained as department failed to establish non-genuineness of LTCG

Income Tax : ITAT Ahmedabad held that addition under section 68 of the Income Tax Act unsustainable since revenue/ department failed to establi...

April 23, 2025 24 Views 0 comment Print

Assessment Order Violates Natural Justice Due to SOP u/s 144B Breach: Bombay HC

Income Tax : Bombay High Court held that department have acted contrary to the SOP under section 144B of the Income Tax Act violating the princ...

April 23, 2025 54 Views 0 comment Print

Bombay HC Declares Assessment Order Invalid for Exceeding Section 144C(13) Deadline

Income Tax : Bombay High Court reviews Shell India’s challenge to the 2016-17 assessment order under Section 144C. Dispute involved Relaxatio...

April 23, 2025 63 Views 0 comment Print

Section 148 Reopening based on incorrect facts & reasons is invalid: ITAT Delhi

Income Tax : ITAT Delhi held that reopening of assessment under section 148 of the Income Tax Act based on incorrect facts and incorrect record...

April 23, 2025 72 Views 0 comment Print

Penalty u/s 271(1)(c) Justified for Concealment via Bogus Share Capital: ITAT Delhi

Income Tax : ITAT Delhi held that concealment of income via bogus share capital transaction duly attracts levy of penalty under section 271(1)(...

April 23, 2025 222 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 33 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 4749 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 477 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 657 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 207 Views 0 comment Print


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 760 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 286 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 322 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 322 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

Notification: S.O.1284 Date of Issue: 31/3/1967

March 31, 1967 457 Views 0 comment Print

Notification: S.O.1284 It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial 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).

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