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.
Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...
Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...
Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...
Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...
Income Tax : Learn about unexplained cash credits under Section 68, tax implications, key legal cases, and compliance requirements to avoid pen...
Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...
Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...
Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...
Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...
Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...
Income Tax : Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered....
Income Tax : Supreme Court dismisses Bihar Police Building Construction Corporation's tax appeal due to significant delay....
Income Tax : Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt....
Income Tax : Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperfor...
Income Tax : Bombay High Court quashes reassessment notice in Teleperformance case due to lack of application of mind in granting approval unde...
Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...
Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...
Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...
From last 2 weeks we as practitioners, assessee’s all are facing numerous glitches coming out from accessing the new Income Tax Portal. One of the issues is related to registration of DSC. However, now we are able to register the DSC on new portal. But many of us not follow the instructions given and due […]
File ITR-4 (Sugam) Online FAQs 1. Who is eligible to file ITR-4 for AY 2021-22? ITR-4 can be filed by a Resident Individual / HUF / Firm (other than LLP) who has: ♦ Income not exceeding ₹ 50 Lakh during the FY ♦ Income from Business and Profession which is computed on a presumptive basis […]
How to Reset your Password on New Income Tax Portal – FAQ Q.1 Why do I need to reset my password? Ans. In case you forget your e-Filing portal password or if you are not aware of your password for any reason, you can reset it using this service. Q.2 How will I know that […]
FAQs on Register for e-Filing (Tax Deductor and Collector) Q.1 Should I be registered with TRACES before registering on the e-Filing portal? Ans: Yes, you must first be registered on the TRACES portal before you can register as a Tax Deductor and Collector on the e-Filing portal. Q.2 Why should I register as a tax […]
How to Register for e-Filing (External Agency) on New Income Tax Portal- Faqs 1. Why should I register in the e-Filing portal? The registration service is available to all external agencies with an active and valid PAN/ TAN. Registering in the e-Filing portal will enable you to access and use the various services and tax […]
How to Generate Static Password on New Income Tax Portal – FAQs 1. What is static password? Static password is a second password, in addition to the one you use to log in to the e-Filing portal. The difference between your e-Filing password and static password is as follows: You do not have to create […]
Karnataka Taxpayers & Practitioners Association has made a written representation regarding issues/glitches on the new Income Tax Portal 2.0 to Snit. Nirmala Sitharaman, Minister of Finance. Full text of the same is as follows:- KARNATAKA TAXPAYERS & PRACTITIONERS ASSOCIATION (State body of Taxpayer & Practitioners of Karnataka) 0/o Chairman Office: 1st Floor. Katrina Complex, Savarline […]
Media reports allude to the fact that the figures reported are official figures reported by banks to Swiss National Bank (SNB) and do not indicate the quantum of much debated alleged black money held by Indians in Switzerland. Further, these statistics do not include the money that Indians, NRIs or others might have in Swiss banks in the names of third–country entities.
Section 194Q: TDS on purchase of goods: -Applicable to the Buyer whose Turnover/Gross Receipts in the preceeding Financial year exceeds 10Cr. and aggregate amount of purchases from such particular buyer exceeds Rs.50L. -TDS is required to be deducted @1% on the amount exceeding Rs.50L (The threshold limit of Rs.50L is to be reckoned from the […]
How to check linking of PAN with Aadhaar for your clients (even in cases where Aadhaar is not available) As per upcoming section 139AA of Income Tax Act, in case where a person who has been allotted PAN as on 1st July 2017 and who is also eligible to obtain Aadhaar number has to link […]
