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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


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 51 Views 0 comment Print

Condonation of Delay in filing ITR under section 119(2)(b) – Lessor Used Tool

Income Tax : Section 119(2)(b) allows delayed ITR filings with valid reasons. Revised limits, conditions, and judicial insights guide this less...

April 11, 2025 39 Views 0 comment Print

TDS Rates for FY 2025-26: Complete Chart and Quick Reference

Income Tax : Get the complete TDS rate chart for FY 2025-26, including key rates, thresholds, and compliance notes for various payments under t...

April 11, 2025 1335 Views 0 comment Print

Maximum Marginal Rate Vs. Maximum Rate of Surcharge – A new Controversy

Income Tax : ITAT Mumbai resolves the controversy on surcharge for trusts/AOPs taxed at MMR. Learn about the decision favoring slab-based rates...

April 11, 2025 1227 Views 0 comment Print

TDS Rate Chart For F.Y. 2025-26

Income Tax : Check the TDS chart for FY 2025-26, covering various payments like salary, dividends, winnings, rent, and more. Understand the app...

April 10, 2025 3546 Views 0 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 2148 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 1572 Views 0 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 219 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 5865 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 252 Views 0 comment Print


Latest Judiciary


ITAT Restores Section 12A Registration as Hearing Opportunity was not provided

Income Tax : ITAT Surat overturns CIT(E)'s rejection of Rotary Club's 12A registration, citing denial of fair hearing opportunity; matter resto...

April 11, 2025 30 Views 0 comment Print

Section 40A(3) disallowance not applies to cash advance for property purchase

Income Tax : Delhi ITAT dismisses revenue's appeal, holding cash advance for property purchase intended as investment not subject to Section 40...

April 11, 2025 33 Views 0 comment Print

Admission of Additional Evidence Valid as AO Had Full Opportunity: No Rule 46A Violation

Income Tax : ITAT Ahmedabad rejects revenue's objection on additional evidence, affirming CIT(A) acted within Section 250(4) powers, deleting a...

April 11, 2025 24 Views 0 comment Print

Bombay HC Imposes ₹25K Cost on Anil Ambani for Creating Artificial Urgency

Income Tax : Bombay High Court dismisses Anil Ambani's urgent plea against a tax notice, imposes ₹25,000 cost for creating artificial urgency...

April 11, 2025 84 Views 0 comment Print

Cash Sales Recorded: ITAT Deletes ₹1 Cr Addition under Section 68

Income Tax : Ahmedabad ITAT upholds deletion of ₹1 Cr addition for Radhika Diamonds, noting cash sales were duly recorded and business activi...

April 11, 2025 66 Views 0 comment Print


Latest Notifications


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 2430 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 1746 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 4179 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 135 Views 0 comment Print

CBDT notifies Income Tax Exemption for Greater Mohali Authority

Income Tax : CBDT notifies Greater Mohali Area Development Authority for income tax exemption under section 10(46A), effective from assessment ...

April 8, 2025 105 Views 0 comment Print


Step to check Income Tax Refund Status & reasons for delay

July 27, 2020 1377 Views 0 comment Print

A step-by-step guide to checking your income tax refund status and understanding the reasons for delay. Get the information you need to track your refund.

Intricacies of Section 115BAA- New tax rate for domestic companies

July 27, 2020 22689 Views 5 comments Print

Intricacies of section 115BAA Introduction With the introduction of new section 115BAA, domestic companies now have the option to pay tax at a lower rate of 22% (plus surcharge and education cess) with effect from AY 2020-21. The section basically allows corporate assessees to pay tax at a lower rate on foregoing majority of deductions/exemptions […]

CSR Provision under Companies Act 2013 with latest case laws decided by NCLT

July 27, 2020 34428 Views 0 comment Print

CORPORATE SOCIAL RESPONSIBILITY UNDER THE COMPANIES ACT, 2013 For conducting its business activities, a company exploits various resources of the society and the environment. Corporate Social Responsibility (CSR) is an act of incorporating the social and environmental concerns into the business model of the company. CSR is not a voluntary act on part of the […]

Equilisation Levy- 2020 Version 2.0

July 27, 2020 2334 Views 0 comment Print

India, being one of the fastest growing e-commerce market, is expected to see a spurt in the coming years. Moreover, any such pandemic that requires us to stay indoors and avoid physical interactions, has increased the requirement of operators and businesses to use digital platforms to cater customers and serve them with the best possible […]

Advertisement, Marketing & Promotion Expense- Controversy

July 27, 2020 5820 Views 0 comment Print

Due to the lack of statutory law and legislative framework governing transfer pricing, the taxability of AMP expenses has become a biggest controversy and dilemma, and it also offers no guidance in situations where an express agreement does not exist. 

Final Chance To Save Your Taxes!

July 27, 2020 8481 Views 8 comments Print

This article provides valuable tips and suggestions to assist all the taxpayers in saving their taxes that are to be paid for the financial year 2019-2020. This article is packed with real-life comprehensive illustrations which shall give all the readers thorough insights to lower their tax incidence and will also help them understand the tax provisions & implications in a finer way

वित्त वर्ष 2018-19 के लिए आयकर के स्वैच्छिक अनुपालन पर ई-अभियान

July 27, 2020 1236 Views 0 comment Print

वित्त वर्ष 2018-19 के लिए आयकर के स्वैच्छिक अनुपालन पर ई-अभियान शुरू करने के लिए सीबीडीटी 20 जुलाई, 2020 से आयकर विभाग की नई पहल 20 जुलाई, 2020 से वित्त वर्ष 2018-19 के लिए स्वैच्छिक अनुपालन पर ई-अभियान शुरू करने जा रही है। एक आधिकारिक प्रेस विज्ञप्ति में, सीबीडीटी ने कहा है कि सोमवार से […]

Import of diamonds for re-export qualify for section 10AA deduction

July 27, 2020 1167 Views 0 comment Print

The issue under consideration is whether the AO is correct in disallowance of the deduction claim u/s 10AA by stating that the import of diamonds for re-export is not eligible for such deduction?

Jewellery not found during Search cannot be Treated as Sold to levy Capital Gain

July 27, 2020 849 Views 0 comment Print

The issue under consideration is whether short of the jewellery found during search be treated as sold and capital gain attracted?

Data Transmission Services not amounts to Royalty as per Indo-Thai DTAA

July 27, 2020 459 Views 0 comment Print

Data Transmission Services did not amount to royalty in terms of Article 12 of the Indo-Thai Double Taxation Avoidance Agreement.

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