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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


Presumptive Taxation Scheme for Professionals: Benefits & Misconceptions

Income Tax : To give relief to small taxpayers from tedious job of maintaining of books of account and getting accounts audited, Income-tax Act...

April 14, 2025 2295 Views 0 comment Print

Section 87A Rebate & LTCG Tax under section 112A for FY 2024-25

Income Tax : Understand income tax rebate u/s 87A and LTCG tax u/s 112A under the new tax regime for FY 2024-25 with calculation rules, limits,...

April 12, 2025 1752 Views 2 comments Print

Tax Loss Harvesting in FY 2025-26:  A Smart Way to Reduce Your Tax Liability

Income Tax : Tax loss harvesting is a tax planning strategy that allows taxpayers, especially investors, to lower their capital gains tax liabi...

April 12, 2025 813 Views 0 comment Print

Unaccounted deposits treated as Liabilities, and not income?

Income Tax : ITAT Chennai rules unaccounted customer deposits, with traceable identities and commercial substance, are liabilities, not income ...

April 12, 2025 372 Views 0 comment Print

Know About Provisions of Form No. 15G and Form No. 15H

Income Tax : Understand Form 15G & 15H for no TDS on interest. Learn who should file, deadlines, online submission, and penalty details....

April 11, 2025 9483 Views 1 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 2163 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 1752 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 255 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 5889 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 264 Views 0 comment Print


Latest Judiciary


Section 153C doesn’t require AO to find relation between searched and non-searched person

Income Tax : Delhi High Court held that section 153C of the Income Tax Act doesn’t required AO to find or uncover a relationship or an associ...

April 14, 2025 24 Views 0 comment Print

Reopening based upon incorrect understanding of fact is not sustainable in law: ITAT Mumbai

Income Tax : ITAT Mumbai held that the very basis of which the Assessing Officer formed the belief that the income liable to tax is escaped ass...

April 14, 2025 33 Views 0 comment Print

No Capital Gain Tax on Mere Development Agreement Without Possession

Income Tax : ITAT Pune rules mere execution of a development agreement without transfer of possession doesn't trigger capital gains tax. Follow...

April 14, 2025 36 Views 0 comment Print

Section 263 Revision not permissible if Section 80P deduction allowable: ITAT Pune

Income Tax : Janata Grahak Madhyawarti Vs PCIT-4 (ITAT Pune) Facts of the Case: The assessee, a co-operative society involved in the business o...

April 14, 2025 30 Views 0 comment Print

No other addition sustains once addition based on which reasons recorded for reopening got deleted

Income Tax : Delhi High Court held that once addition on the basis of which reasons recorded for reopening of assessment under section 147 of t...

April 14, 2025 27 Views 0 comment Print


Latest Notifications


ITO doesn’t have jurisdiction to issue notice to NRI: ITAT Chandigarh

Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...

April 11, 2025 3810 Views 0 comment Print

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 2712 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 2004 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 4434 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 141 Views 0 comment Print


GAAR- General Anti Avoidance Rules

September 2, 2022 7527 Views 0 comment Print

Understanding GAAR: Learn about the General Anti Avoidance Rules and how they can impact tax planning and transactions for accommodating parties.

Start Up Recognition (How to apply for Start up Certificate)

September 2, 2022 2052 Views 0 comment Print

Learn how to apply for a Start-up Certificate under the Start-up India Scheme. Get recognized as a start-up and unlock opportunities for growth and employment.

Philanthropy, Trusts and Their Taxation- A Glance Back

September 2, 2022 5649 Views 0 comment Print

Explore the history and significance of philanthropy, trusts, and their taxation. Discover how these concepts have shaped society and contributed to charitable activities.

Contribution received from members towards infrastructure facilities should be treated as a capital receipt

September 2, 2022 885 Views 0 comment Print

Contribution received from the members towards infrastructure facilities should be treated as a capital receipt as these contributions were received for a specific purpose.

National Cyber Crime Reporting portal in India

September 2, 2022 3723 Views 1 comment Print

Learn how to report cyber crimes in India through the National Cyber Crime Reporting portal. Protect yourself from cyber bullying, phishing, hacking, and more.

CBDT notifies Control of income-tax authorities under Section 118

September 2, 2022 1803 Views 0 comment Print

CBDT notifies Control of income-tax authorities under Section 118 of the Income-tax Act, 1961 vide Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 106/2022- Income Tax | Dated: 2nd September, 2022 S.O. 4156(E).—In exercise of the powers conferred by […]

Step-by-step instruction & some pointers for filing income tax returns

September 2, 2022 1329 Views 0 comment Print

File your income tax returns easily using the governments e-filing system. Follow this step-by-step instruction and get helpful pointers for a smooth process.

Statutory Reporting by Auditors for Company in India

September 2, 2022 11286 Views 0 comment Print

Understand the amendments in statutory reporting for companies in India. Learn about the disclosure requirements for shareholding, trade payables, trade receivables, and immovable property.

Income Tax Department searches two prominent real estate groups of Kolkata

September 1, 2022 2262 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st August, 2022 PRESS RELEASE Income Tax Department conducts searches in West Bengal The Income Tax Department carried out a search and seizure operation on 18.08.2022 on two prominent real estate groups of Kolkata. During the course of the […]

CBDT relaxes quoting of PAN-Aadhaar No. in certain transactions

September 1, 2022 4023 Views 0 comment Print

CBDT relaxes quoting of PAN-Aadhaar No. in certain transactions vide Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022. MINISTRY OF FINANCE (Department of Revenue) (Central Board of Taxes) New Delhi Notification No. 105/2022 -Income Tax | Dated: 1st September, 2022 G.S.R. 677(E).—In exercise of the powers conferred by section 139A read with section 295 […]

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