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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


Landmark Judgments of Income Tax Act, 1961: Most Influential & Frequently Cited

Income Tax : Below is a curated list of the most influential and frequently cited landmark judgments under the ITA, focusing on their practical...

April 16, 2025 231 Views 0 comment Print

Unmasking Tax Evasion Through Agricultural Income: An Analysis

Income Tax : An in-depth analysis of how agricultural income tax exemptions are used for evasion, with suggestions to curb misuse and protect s...

April 16, 2025 378 Views 0 comment Print

Global Tax Avoidance: Double Irish, Dutch Sandwich

Income Tax : Explore how MNCs used the Double Irish & Dutch Sandwich strategy to avoid taxes and the global efforts made to close these loophol...

April 15, 2025 354 Views 0 comment Print

Amendment in Section 143(1) of Income Tax Act, 1961

Income Tax : The 2025 amendment in Section 143(1) of the Income Tax Act introduces new compliance requirements. Taxpayers must ensure consisten...

April 14, 2025 2676 Views 0 comment Print

Presumptive Taxation Scheme for Professionals: Benefits & Misconceptions

Income Tax : To give relief to small taxpayers from tedious job of maintaining of books of account and getting accounts audited, Income-tax Act...

April 14, 2025 3975 Views 4 comments 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 2214 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 1908 Views 1 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 285 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 5919 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 276 Views 0 comment Print


Latest Judiciary


ITAT Deletes ₹18 Lakh Cash Deposit Addition, Cites Genuine Agricultural Income

Income Tax : ITAT Jodhpur partly allows appeal in Kishana Ram vs ITO, upholding additions related to capital discrepancies and agricultural inc...

April 17, 2025 6 Views 0 comment Print

ITAT Quashes ₹1 Cr Penalty on Cash Transactions with Sister Concern

Income Tax : ITAT Kolkata cancels penalty u/s 271D for Tarai Transport Corporation in AY 2016-17, citing reasonable cause and a similar past ru...

April 17, 2025 27 Views 0 comment Print

Estimation-based additions not justify Section 271(1)(c) Penalty: ITAT Rajkot

Income Tax : ITAT Rajkot cancels penalty on Anil Odedara, ruling income was estimated and not grounds for concealment under Section 271(1)(c) o...

April 17, 2025 51 Views 0 comment Print

Section 148 Reassessment notice invalid if issued by an AO lacking Jurisdiction

Income Tax : ITAT Jaipur sets aside addition and penalty against Mukesh Kumar Agarwal due to lack of valid jurisdiction and time-barred penalty...

April 17, 2025 33 Views 0 comment Print

Bogus Purchase: ITAT Quashes Reassessment Order on Jurisdiction Grounds

Income Tax : ITAT Raipur sets aside assessment against Adarsh Rice Mill due to lack of jurisdiction under Section 147. Merits of the case remai...

April 17, 2025 36 Views 0 comment Print


Latest Notifications


ITO doesn’t have jurisdiction to issue notice to NRI: ITAT Chandigarh

Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...

April 11, 2025 4251 Views 0 comment Print

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 3012 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 2262 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 4497 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 165 Views 0 comment Print


CBDT releases MLI synthesised text for India-Australia tax treaty

March 19, 2020 1758 Views 0 comment Print

CBDT has released the synthesised text for India-Australia tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. AUSTRALIA SYNTHESISED TEXT  OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAXT REATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF […]

CBDT releases MLI synthesised text for India-Singapore tax treaty

March 19, 2020 4971 Views 0 comment Print

CBDT has released the synthesised text for India-Singapore tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA […]

CBDT releases MLI synthesised text for India-Austria tax treaty

March 19, 2020 603 Views 0 comment Print

CBDT has released the synthesised text for India-Austria tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. AUSTRIA SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF […]

CBDT releases MLI synthesised text for India-UK tax treaty

March 19, 2020 2520 Views 0 comment Print

CBDT has released the synthesised text for India-UK tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. UK SYNTHESISED TEXT OF THE MLI AND THE CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND FOR THE […]

CBDT releases MLI synthesised text for India-Latvia tax treaty

March 19, 2020 318 Views 0 comment Print

CBDT has released the synthesised text for India-Latvia tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. LATVIA SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA […]

CBDT releases MLI synthesised text for India-Belgium tax treaty

March 19, 2020 2967 Views 0 comment Print

CBDT has released the synthesised text for India-Belgium tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA […]

Procedure for declaration & undertaking under Vivad se Vishwas Rules

March 19, 2020 6720 Views 0 comment Print

DGIT(S)-ADG(S)-3/e-Filing Notification/FoR1/VSVS/2020/ Government of India Ministry of Finance Central Board of Direct Tax Directorate of Income Tax (Systems), New Delhi Notification No. 12 of 2020 New Delhi, the 19th March, 2020 Subject- Procedure for making declaration in Form-1 under sub-rule (1) of Rule 3 and furnishing undertaking in Form-2 under sub-rule (2) of Rule 3 under […]

Finance Minister reaches out to CAs for promoting Vivad se Vishwas scheme

March 19, 2020 3375 Views 1 comment Print

The ‘Vivad se Vishwas’ Scheme aims at dispute resolution in order to reduce pending litigation, generate revenue for the Government and benefit taxpayers. Over the years, the pendency of appeals filed by taxpayers as well as Government has increased due to the fact that the number of appeals that are filed is much higher than the number of appeals that are disposed.

CBDT releases MLI synthesised text for India-Georgia tax treaties

March 19, 2020 606 Views 0 comment Print

CBDT has released the synthesised text for India-Georgia tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA […]

CBDT releases MLI synthesised text for India- Malta tax treaties

March 19, 2020 972 Views 0 comment Print

CBDT has released the synthesised text for India-Malta tax treaty. It represents their shared understanding of the modifications made to the Agreement by MLI. SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI) AND THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA […]

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