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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


PAN 2.0 अपग्रेड: टैक्सपेयर के लिए महत्वपूर्ण प्रश्नोत्तर

Income Tax : PAN 2.0 के बारे में जानें, पुराने PAN धारकों के लिए आवश्य�...

November 27, 2024 204 Views 0 comment Print

Importance of Disclosing Foreign Income & Assets in ITR

Income Tax : Accurate disclosure of foreign assets and income in ITR is essential to avoid penalties. Revised returns can be filed by December ...

November 27, 2024 1896 Views 0 comment Print

How to Fix ‘Upload a Standard Document’ Error in PAN/TAN Applications?

Income Tax : Struggling with the Upload a Standard Document error in PAN/TAN applications? Learn the file format, size, and DPI requirements to...

November 27, 2024 2922 Views 0 comment Print

Tax Rate on Long Term Capital Gains on Listed Securities Increased To 12.5%

Income Tax : Summary: As per the Finance Act 2024, the long-term capital gains (LTCG) tax on listed securities has been raised from 10% to 12.5...

November 26, 2024 1242 Views 0 comment Print

Employees Not Liable for Employer’s TDS Mismanagement

Income Tax : Explains tax compliance under the Income Tax Act, 1961, focusing on employees' non-liability for employer's TDS deposit failures, ...

November 26, 2024 2205 Views 0 comment Print


Latest News


Women Income Tax Filers in India: State-wise Data

Income Tax : State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India....

November 28, 2024 66 Views 0 comment Print

KSCAA Representation on CPC Processing Errors

Income Tax : KSCAA raises concerns over errors in CPC processing of returns and defective notices, requesting corrective actions for smoother t...

November 27, 2024 1674 Views 0 comment Print

Updated List of 29 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 29 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

November 27, 2024 38745 Views 4 comments Print

PAN 2.0 Project: CCEA Approval for Unified PAN/TAN Services

Income Tax : The PAN 2.0 Project simplifies PAN/TAN management with a unified platform, paperless processes, and faster services. Approved by C...

November 27, 2024 729 Views 0 comment Print

Cabinet Approves PAN 2.0 Project for Taxpayer Services

Income Tax : Cabinet approves PAN 2.0 project to enhance taxpayer registration services through technology-driven transformation, improving ser...

November 26, 2024 945 Views 0 comment Print


Latest Judiciary


No Penalty on Another Charge if Section 271B Notice was Based on Non-Existing Infringement

Income Tax : ITAT Lucknow quashes penalty u/s 271B for failure to file audit report, stating incorrect grounds for penalty initiation....

November 28, 2024 48 Views 0 comment Print

Income Tax Section 179 not applies to public limited companies: Rajasthan HC

Income Tax : Rajasthan HC rules Section 179 of the IT Act doesn’t apply to public limited companies, quashing notices against the director. (...

November 27, 2024 75 Views 0 comment Print

Section 68 Addition Set Aside Due to Lack of Independent Investigation by AO: ITAT Surat

Income Tax : ITAT Surat held that addition under section 68 of the Income Tax Act is not sustainable since AO has not made any independent inve...

November 27, 2024 204 Views 0 comment Print

Actual Turnover of Licensed Chillies Commission Agent is Gross Commission Charged: ITAT Vishakhapatnam

Income Tax : Tribunal in the case of Yegneswari General Traders vs. ITO has held that based on CBDT circular no. 452 it is clear that Kaccha Ar...

November 27, 2024 126 Views 0 comment Print

Case Remanded for Fresh Consideration Due to Non-Appearance Before CIT(A)

Income Tax : The assessee is an individual, engaged in the business as Kerosene dealers in Rajahmundry. The case of the assessee was selected f...

November 26, 2024 174 Views 0 comment Print


Latest Notifications


Income Tax exemption Notification for National Aviation Security Fee Trust

Income Tax : Notification under section 10(46) of the Income Tax Act, 1961 for National Aviation Security Fee Trust, covering specific income e...

November 28, 2024 63 Views 0 comment Print

Income Tax Exemption for Haryana District Legal Authorities

Income Tax : Notification on income tax exemption for Haryana's District Legal Service Authorities under Section 10(46) for specified incomes a...

November 28, 2024 60 Views 0 comment Print

CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

Income Tax : The Ministry of Finance has notified the transfer of capital assets from NLCIL to NIRL under the Income-tax Act, effective from th...

November 27, 2024 54 Views 0 comment Print

Extension of date of Filing of Accounts to Maharashtra Charity Commissioner

Income Tax : 26.11.2024 Due date for online Filing of Audited Accounts with the Office of the Charity Commissioner, Maharashtra stands extended...

November 26, 2024 94902 Views 4 comments Print

CBDT Approves SKAN Research Trust for Section 35(1)(ii) Tax Benefits

Income Tax : CBDT grants SKAN Research Trust approval as a research association for scientific research under Section 35 of the Income Tax Act,...

November 26, 2024 99 Views 0 comment Print


Latest Posts in Income Tax

Women Income Tax Filers in India: State-wise Data

November 28, 2024 66 Views 0 comment Print

State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India.

Income Tax exemption Notification for National Aviation Security Fee Trust

November 28, 2024 63 Views 0 comment Print

Notification under section 10(46) of the Income Tax Act, 1961 for National Aviation Security Fee Trust, covering specific income exemptions.

Income Tax Exemption for Haryana District Legal Authorities

November 28, 2024 60 Views 0 comment Print

Notification on income tax exemption for Haryana’s District Legal Service Authorities under Section 10(46) for specified incomes and conditions from FY 2023-2024.

No Penalty on Another Charge if Section 271B Notice was Based on Non-Existing Infringement

November 28, 2024 48 Views 0 comment Print

ITAT Lucknow quashes penalty u/s 271B for failure to file audit report, stating incorrect grounds for penalty initiation.

KSCAA Representation on CPC Processing Errors

November 27, 2024 1674 Views 0 comment Print

KSCAA raises concerns over errors in CPC processing of returns and defective notices, requesting corrective actions for smoother taxpayer compliance.

CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

November 27, 2024 54 Views 0 comment Print

The Ministry of Finance has notified the transfer of capital assets from NLCIL to NIRL under the Income-tax Act, effective from the date of publication.

Income Tax Section 179 not applies to public limited companies: Rajasthan HC

November 27, 2024 75 Views 0 comment Print

Rajasthan HC rules Section 179 of the IT Act doesn’t apply to public limited companies, quashing notices against the director. (160 characters)

PAN 2.0 अपग्रेड: टैक्सपेयर के लिए महत्वपूर्ण प्रश्नोत्तर

November 27, 2024 204 Views 0 comment Print

PAN 2.0 के बारे में जानें, पुराने PAN धारकों के लिए आवश्यक अपडेट और FAQs।

Updated List of 29 Banks For Income Tax Payments on e-Filing Portal

November 27, 2024 38745 Views 4 comments Print

Comprehensive list of 29 banks available at the e-Filing Portal’s e-Pay Tax service. Find out the new and migrated banks, along with the respective dates of enablement. Simplify your tax payments with these trusted banking options.

Section 68 Addition Set Aside Due to Lack of Independent Investigation by AO: ITAT Surat

November 27, 2024 204 Views 0 comment Print

ITAT Surat held that addition under section 68 of the Income Tax Act is not sustainable since AO has not made any independent investigation of fact. Accordingly, ad hoc disallowance @10% upheld to avoid the possibility of revenue leakage.

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