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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


New Income Tax Bill 2025 – Key Takeaways

Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...

February 13, 2025 6291 Views 0 comment Print

An Overview of New Income Tax Bill, 2025

Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...

February 13, 2025 1164 Views 0 comment Print

Income Tax 1961 vs Income Tax Bill, 2025: Key Changes in Tax Provisions

Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...

February 13, 2025 13095 Views 0 comment Print

New Income Tax Bill 2025: FAQs on Key Changes

Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...

February 13, 2025 2490 Views 0 comment Print

New Income Tax Bill 2025: General FAQs and Broad Scope

Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...

February 13, 2025 3927 Views 0 comment Print


Latest News


Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 14, 2025 3057 Views 0 comment Print

Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 813 Views 0 comment Print

New Income-Tax Bill 2025: Section Mapping & Updates

Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...

February 13, 2025 654 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 201 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 657 Views 0 comment Print


Latest Judiciary


Demonetization Cash Deposit: ITAT Bangalore Orders Merit-Based Review

Income Tax : ITAT Bangalore remands case concerning cash deposits during demonetization, directing the AO to re-assess the addition u/s 69A aft...

February 14, 2025 12 Views 0 comment Print

Low Tax Effects: ITAT Delhi Dismisses Income Tax Appeal

Income Tax : ITAT Delhi dismisses Revenue's appeal in ACIT vs Hindukush Construction Pvt. Ltd. (AY 2016-17) due to low tax effect under CBDT Ci...

February 14, 2025 15 Views 0 comment Print

Survey Statement Not Sole Basis for Income Addition: ITAT Mumbai

Income Tax : ITAT Mumbai allows Hotel Deepak's appeal, holding that a survey statement u/s 133A can't be the sole basis for income addition wh...

February 14, 2025 27 Views 0 comment Print

Personal funds were utilized to conduct transactions on NSEL platform: ITAT deleted addition

Income Tax : In the matter aforementioned ITAT deleted addition made on account of Client Code Modification after observing that assessee utili...

February 14, 2025 24 Views 0 comment Print

Section 143(1) Adjustment Infructuous After 143(3) Scrutiny Assessment

Income Tax : ITAT Mumbai rules that a Section 143(1) adjustment becomes infructuous once a regular assessment under Section 143(3) is complete...

February 14, 2025 51 Views 0 comment Print


Latest Notifications


Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 141 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

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...

February 12, 2025 130218 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 192 Views 0 comment Print

Income Tax Act: Section 285 Notification for Liaison Office Statement Filing

Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...

February 10, 2025 333 Views 0 comment Print

Income-Tax Rule 2F Amended for Infrastructure Debt Funds

Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...

February 7, 2025 348 Views 0 comment Print


KPO Service Provider Not Comparable to ITES for Transfer Pricing Benchmarking

October 14, 2024 414 Views 0 comment Print

Delhi HC ruling clarifies that KPO service providers aren’t comparable to ITES providers for benchmarking international transactions.

Court cannot exercise Extraordinary Jurisdiction When Statutory Remedy Exists: Bombay HC

October 13, 2024 312 Views 0 comment Print

Court declines writ petition in Hindustan Unilever case due to available statutory remedy. TDS demand of ₹962.75 crores under Section 201 for trademark purchase.

Why Income Tax Notices for Additional Tax on Capital Gains?

October 13, 2024 5382 Views 2 comments Print

Taxpayers receiving income tax notices for additional tax on capital gains due to changes in Section 87A interpretation, affecting STCG and LTCG exemption.

Key Amendments to Capital Gains in Budget 2024-25

October 13, 2024 10341 Views 0 comment Print

Explore key amendments under capital gains in the 2024-25 budget, including changes to buyback tax, indexation removal, and capital asset transfer exemptions.

Amendment regarding capital gain under Income Tax Act,1961

October 12, 2024 8244 Views 0 comment Print

Finance Act 2024 modifies capital gains tax rules, including indexation removal and changes to holding periods for asset classification under the Income Tax Act.

आयकर क्यों आ रहे है केपिटल गेन पर अतिरिक्त कर जमा कराने के नोटिस

October 11, 2024 4059 Views 0 comment Print

जानें क्यों आयकर विभाग ने केपिटल गेन पर अतिरिक्त कर जमा करने के नोटिस भेजे हैं और क्या ये सही हैं।

No Interest Adjustment for AE if No Interest Charged from Unrelated Third Party

October 11, 2024 552 Views 0 comment Print

Delhi High Court upholds ITAT ruling in PCIT vs Global Logic India Ltd., addressing deferred payments and international transactions under Section 92B of the IT Act.

Calcutta HC Dismisses Appeal on Section 153 Assessment Dispute

October 11, 2024 324 Views 0 comment Print

Calcutta HC upholds ITAT’s dismissal of revenue’s appeal, affirming assessment order under Section 153 as invalid due to delayed service and legal non-compliance.

Section 151A Violation: Calcutta HC Stays Income Tax Assessment Order

October 11, 2024 1398 Views 0 comment Print

Calcutta HC stays Section 148 assessment order due to jurisdictional error in Rahul Saraf vs. ACIT. Case pending further orders.

Maximizing Tax Benefits with Section 80G Donations

October 11, 2024 2154 Views 0 comment Print

Learn how to maximize tax deductions with Section 80G for donations to approved funds and institutions. Find out eligibility, payment modes, and qualifying limits.

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