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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


Taxation of YouTube & Instagram Earnings: Rise of Digital Content Creators

Income Tax : Learn how YouTube & Instagram earnings are taxed in India. Understand income tax slabs, TDS, GST rules, deductions, and compliance...

March 10, 2025 573 Views 0 comment Print

House Rent Allowance (HRA): Exemption, Tax Benefits, Rules & Provisions

Income Tax : This blog delves into the nuances of HRA, its exemptions, tax deductions, and the rules governing it, specifically within the Indi...

March 10, 2025 345 Views 0 comment Print

Is Agricultural Income Truly Tax-Free? Loopholes & Misconceptions

Income Tax : INTRODUCTION There are a few popular beliefs in India that agricultural income is completely exempt from tax. While this holds som...

March 10, 2025 222 Views 0 comment Print

How Tax Policies Affect Business and Investment?

Income Tax : Explore how tax policies influence business decisions, investment trends, and economic growth. Learn about tax reforms, incentives...

March 10, 2025 129 Views 0 comment Print

Taxation on Lottery Winnings & Prize Money: What You Actually Take Home?

Income Tax : Understand how lottery winnings are taxed in India. Learn about tax rates, deductions, TDS, and strategies to manage tax burdens o...

March 10, 2025 147 Views 0 comment Print


Latest News


Updated List of 30 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

March 7, 2025 40554 Views 4 comments Print

Advance Tax Installments/Payments of taxes

Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...

March 5, 2025 6081 Views 0 comment Print

Include ‘Cost Accountant’ in definition of ‘Accountant’ under Income Tax Bill 2025: ICMAI

Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...

February 21, 2025 10605 Views 0 comment Print

Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 11883 Views 0 comment Print

ICMAI on Non-inclusion of ‘Cost Accountant’ in Income Tax Bill 2025

Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...

February 17, 2025 20289 Views 3 comments Print


Latest Judiciary


Property attachments & garnishee proceedings: Kerala HC directs expedited appeal disposal

Income Tax : Kerala HC directs expedited appeal disposal for Ajas N Shamsu, addresses property attachments and stay of garnishee proceedings....

March 11, 2025 21 Views 0 comment Print

Kerala HC Directs IT Dept to Expedite 8-Year-Old Appeal

Income Tax : Kerala HC orders Income Tax Dept to resolve Janayugam Publications' 2016 appeal within four months, provided required documents ar...

March 11, 2025 30 Views 0 comment Print

Bombay HC Directs Income Tax Dept to Review Seized Gold Case

Income Tax : Bombay HC directs IT Dept to review H.K. Jewels' plea on seized gold, citing Section 132(1)(iii) of the IT Act. Petitioners grante...

March 11, 2025 30 Views 0 comment Print

Issues already examined in revision proceedings cannot be re-agitated in reassessment

Income Tax : Bombay High Court quashes reassessment notice under Section 148, holding that revisited issues from Section 263 proceedings cannot...

March 11, 2025 30 Views 0 comment Print

Bombay HC sets aside compounding plea rejection despite 36 month delay

Income Tax : Bombay HC sets aside IT department's rejection of a compounding plea due to delay, directing a reconsideration per Supreme Court p...

March 11, 2025 30 Views 0 comment Print


Latest Notifications


High-Risk and Non PAN Transaction Cases: Insight Portal Guidelines

Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...

March 7, 2025 513 Views 0 comment Print

High-Risk CRIU/VRU Cases and proceedings under Sections 148/148A

Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...

March 7, 2025 468 Views 0 comment Print

Assessment & Investigation of Benami, Foreign Assets & TDS Cases

Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...

March 7, 2025 291 Views 0 comment Print

Income Tax Department identifies High-Risk Non-Filers for AY 2019-22

Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...

March 7, 2025 9240 Views 0 comment Print

Section 10(46) Tax Exemption for Delhi Construction Workers Welfare Board

Income Tax : Delhi Building and Other Construction Workers Welfare Board receives tax exemption on cess, fees, and interest income under Sectio...

March 7, 2025 144 Views 0 comment Print


Tax Confusion for AOPs: Why CPC Raising Demand Despite 115BAC(1A) Benefits

February 27, 2025 915 Views 0 comment Print

Despite Section 115BAC(1A) introducing slab rates for AOPs, CPC and tax utilities continue applying outdated rates, causing conflicting tax demands and confusion.

Rajasthan HC quashes section 148 notice for Vague & Incomplete Information

February 27, 2025 669 Views 0 comment Print

Rajasthan High Court quashes IT notice against Prateek Bulls and Bears Pvt Ltd due to lack of evidence linking bank account to the assessee. 

ITAT Hyderabad Dismisses Appeal Over 10-Year Delay without sufficient cause

February 27, 2025 99 Views 0 comment Print

ITAT Hyderabad rejects Papaiah Pulipati’s appeal due to an inordinate 10+ year delay, citing lack of justification and Supreme Court precedent on condonation of delay.

Concept of Previous Year And Assessment Year in Taxation

February 27, 2025 480 Views 0 comment Print

Learn the key differences between Previous Year and Assessment Year in taxation. Explore their definitions, importance, and role in income tax compliance.

No Section 80P(2)(d) deduction on interest income from nationalized bank

February 27, 2025 39 Views 0 comment Print

ITAT Mumbai upheld the disallowance of deductions claimed by Navbharat Urban Co-operative Credit Society under Section 80P(2)(d), treating income as taxable.

Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT Pune

February 27, 2025 117 Views 0 comment Print

ITAT Pune held that when no addition has been made on account of which the case was reopened, the Assessing Officer cannot make any other addition without issuing a fresh notice u/s 148 of the Act.

ITAT allows Section 54B Exemption: Partial Agricultural Use Sufficient

February 27, 2025 1500 Views 0 comment Print

ITAT Jodhpur ruled in favor of Arun Agarwal, allowing exemption under Section 54B for agricultural land sale, emphasizing that partial agricultural use is sufficient.

Section 54F Deduction Cannot Be Denied for Delay in Flat Handover if Compliances Are Met

February 27, 2025 4533 Views 0 comment Print

ITAT Delhi rules in favor of the assessee, allowing Section 54F deduction despite builder delays. Revenue’s appeal dismissed citing judicial precedents.

Addition of entire bank receipts without verification was unjustified: ITAT Raipur

February 27, 2025 714 Views 0 comment Print

ITAT Raipur held that adding entire bank receipts without inquiries from parties is unjustified. Case remanded for further examination under natural justice principles.

ITAT Kolkata Sets Aside CIT(A) Order Over Advance Tax & Merit Non-Consideration

February 27, 2025 177 Views 0 comment Print

ITAT Kolkata remands Mohammad Amjad Ali Sahaji’s appeal on advance tax non-payment, directing fresh consideration by CIT(A) with an opportunity for hearing.

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