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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 7830 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 1761 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 14076 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 3534 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 4740 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 3348 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 1164 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 1014 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 207 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 693 Views 0 comment Print


Latest Judiciary


Section 276C Complaint Cannot Be Quashed at Initial Stage: J&K Ladakh HC

Income Tax : The Jammu & Kashmir HC refused to quash tax evasion charges against Surinder Nath Jain & others, ruling that the case should proce...

February 14, 2025 18 Views 0 comment Print

AO Must Address Objections with Speaking Order Before Reassessment: Calcutta HC

Income Tax : Calcutta HC rules that an AO must dispose of an assessee’s objections to reassessment through a speaking order before proceeding...

February 14, 2025 21 Views 0 comment Print

Delay Petition Must Be Considered Before Dismissing Income Tax Appeal: Kerala HC

Income Tax : Kerala High Court rules that an income tax appeal filed with delay cannot be dismissed without considering the delay petition. App...

February 14, 2025 33 Views 0 comment Print

Addition set aside as relation between documents seized from third party and assessee not established

Income Tax : ITAT Delhi held that addition based on documents seized from third party is liable to be set aside since assessing officer failed ...

February 14, 2025 15 Views 0 comment Print

Reopening u/s. 147 without tangible material is invalid: ITAT Chennai

Income Tax : ITAT Chennai held that material/ information referred by AO in reasons recorded cannot be held to be tangible material hence reope...

February 14, 2025 15 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 168 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 131403 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


Reassessment of Income – Amendments vide Finance Act, 2024

September 3, 2024 10476 Views 0 comment Print

Explore the new reassessment provisions under the Finance Act, 2024, including updates to sections 148, 148A, 149, and 151, with simplified processes and revised timelines.

FAQ e-Dispute Resolution Committee and Form 34BC

September 3, 2024 4611 Views 0 comment Print

Understand the e-Dispute Resolution Committee (e-DRC), who can approach it, and how to file Form 34BC under the Income-tax Act, 1961.

Assessment order was quashed as search assessment should be computed u/s 153 instead of u/s 147

September 3, 2024 771 Views 0 comment Print

Since there was no failure on the part of assessee to fully and truthfully disclose material facts therefore, assessment under sections 147-148 was not valid as the specific provisions of Section 153C were deemed to take precedence over the general provisions of Section 147.

Payments for Online Learning Platform Access Not Taxable as FTS under India-USA DTAA

September 3, 2024 1338 Views 0 comment Print

ITAT Delhi rules Coursera’s income from Indian customers not taxable as Fees for Technical Services (FTS) under India-USA DTAA. A key decision for online platforms.

Authority can centralize assessment at one place if there are sufficient reasons

September 3, 2024 486 Views 0 comment Print

Assessee, an individual and a resident of UAE, had transactions with Indian citizens, who were subject to search operation and whose assessments were centralized with the Central Circle at New Delhi.

Uncovering Unexplored Dimensions: A 2024 Perspective on the Landscape of Online Gaming in India

September 3, 2024 4026 Views 0 comment Print

Explore the tax and GST implications on online gaming income in India, including changes under the Finance Bill, 2023, and the CGST Act, 2017.

Due Date Compliance Calendar September 2024

September 3, 2024 1887954 Views 72 comments Print

Stay updated with the compliance due dates for GST, Income Tax, ESI, and PF Acts. This comprehensive calendar includes important dates for GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8, TDS/TCS payment, Advance Tax payment, TDS/TCS certificate issuance, Aadhaar-PAN linking, PF/ESIC payment, and PF return filing.

Various Income Tax exemptions available in respect of Capital Gains

September 2, 2024 5628 Views 0 comment Print

Learn about the key exemptions available for capital gains under different sections like 54, 54B, 54D, 54EC, and more. Understand eligibility and investment criteria.

Compounding of offence under the Income-tax Act, 1961

September 2, 2024 1347 Views 0 comment Print

Understand the compounding of offences under the Income-tax Act, 1961, including categories, charges, and procedures as per the Finance Act, 2024.

Residence in India for the purpose of Income-tax Act, 1961

September 2, 2024 1629 Views 0 comment Print

Learn how residential status affects income tax liability in India. Understand the classifications and criteria for residents and non-residents under the Income-tax Act.

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