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 : Section 194J of the Income Tax Act mandates Tax Deducted at Source (TDS) by certain payers on payments made to residents for profe...
Income Tax : Debunking the NRI tax myth from April 2025. Learn the real India filing requirements for NRIs & the key benefits: refund claims, a...
Income Tax : Learn about TDS/TCS concepts, invoicing rules, due dates, interest, and late fees. Includes examples and simplified guidance for c...
Income Tax : Analyze the tax implications of the HUF structure in India, covering its formation, membership, rights, and financial management a...
Income Tax : This article discusses whether TDS applies to CSR Expenses, under which sections and how Companies can stay compliant....
Income Tax : DPIIT approves 187 startups for income tax exemption under Section 80-IAC. Eligibility extended for startups incorporated till Apr...
Income Tax : Income Tax Department warns against wrongful refund claims in ITRs. Explains consequences like penalties, scrutiny, prosecution, a...
Income Tax : CBI conducts searches at 11 locations in Jaipur, Ahmedabad, Gandhinagar in a disproportionate assets case against an IRS officer a...
Income Tax : Karnataka State Chartered Accountants Association raises concern over delayed release of ITR forms for AY 2025-26, pressing CBDT f...
Income Tax : CBDT revises ITR Forms 1 & 4 for AY 2025-26, expanding eligibility criteria, adding disclosure requirements and simplifying compli...
Income Tax : ITAT Kolkata held that notice issued u/s. 143(2) of the Income Tax Act without specifying whether it is limited or complete of com...
Income Tax : During the course of assessement proceedings, AO noted that the assessee has earned interest income on fixed deposits made with ba...
Income Tax : ITAT Mumbai held that the cash deposited is out of the gross receipts and that once gross receipts are disputed then no addition i...
Income Tax : ITAT Mumbai sets aside PCIT's order under Section 263, finding the assessment view was plausible and PCIT invoked power without qu...
Income Tax : ITAT Kolkata held that the transaction cannot be treated as unexplained cash credit under section 68 of the Income Tax Act since t...
Income Tax : CBDT specifies Indian Railway Finance Corporation Ltd.'s Ten Year Zero Coupon Bond under Income-tax Act Section 2(48), detailing f...
Income Tax : CBDT grants tax exemption to Telangana Pollution Board for specific incomes from FY 2021-22 to 2025-26, with conditions on activit...
Income Tax : CBDT issues Income-tax (18th Amendment) Rules, 2025, substituting Form ITR-7. New form effective from April 1, 2025, under section...
Income Tax : CBDT revises ITR-V and Acknowledgement forms for AY 2025-26, effective April 1, 2025, with updated verification and filing instruc...
Income Tax : CBDT Notification 44/2025 amends Income-tax Rules 1962, substituting FORM ITR-6 in Appendix II, effective from April 1, 2025....
This article explores the computation of LTCG for Non-Residents, detailing tax rates, indexation benefits, recent amendments introduced in the Union Budget 2024, and available exemptions to optimize tax liability.
CBDT Notification 44/2025 amends Income-tax Rules 1962, substituting FORM ITR-6 in Appendix II, effective from April 1, 2025.
Payments from approved Provident Funds are generally exempt under Section 10(11) of the Income Tax Act, but recent changes tax interest on high contributions.
Mumbai ITAT reduces tax disallowance on alleged bogus purchases to 5%, ruling profit element taxable when transactions are proven, distinguishing higher court precedent.
ITAT Nagpur held that the provisions of section 56(2)(vii) (b)(ii) of the Income Tax Act came into statute by Finance Act 2013 w.e.f. 01.04.2014 i.e., A.Y.2014-15. Accordingly, provisions cannot be made applicable to date of agreement before 01.04.2014.
Supreme Court dismisses ITO’s SLP against R.K. Build Creations citing concession in similar case; follows precedent from Union of India vs Rajeev Bansal.
Rajasthan High Court sets aside reassessment order, citing failure to follow mandatory Section 148A procedure and consider assessee’s objections adequately
Annual Value of self-occupied properties under Section 23(2) of the Income Tax Act, 1961, is a critical provision that shields homeowners from notional rental taxation.
Mumbai Income Tax Appellate Tribunal rules compensation to flat owner for construction nuisance is a non-taxable capital receipt, citing earlier precedents.
Supreme Court rules tax assessing officers not required to entertain new deduction claims made via letter without a revised return.
