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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 513 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 282 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 183 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 108 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 120 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 40545 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 6027 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 11871 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


LTCG on Market Linked Debentures Taxable at 20% under Sec 112: ITAT Bangalore 

Income Tax : ITAT Bangalore holds LTCG from Market Linked Debentures taxable at 20% under Section 112, rejecting concessional 10% rate under Se...

March 10, 2025 177 Views 0 comment Print

Addition u/s. 68 restricted to 0.30% of total Circular Trading Transaction: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that CIT(A) rightly restricted disallowance on account of unexplained bank deposit and withdrawal under sectio...

March 10, 2025 63 Views 0 comment Print

Extraordinary event of demonetization to be considered while comparing cash sales during that period

Income Tax : Held that the invoices issued by the assessee contained a barcode. A barcode on a tax invoice serves as a verification mechanism, ...

March 10, 2025 42 Views 0 comment Print

Reassessment not Change of Opinion if original assessment not involve any formation of opinion

Income Tax : It was held that in the original assessment under Section 143(1), the issue related to the deed of purchase of land was not looked...

March 10, 2025 45 Views 0 comment Print

Deduction u/s 80P was allowable as amendment of Section 80AC was not retrospective in nature

Income Tax : Assessee then filed returns in response to the notice under Section 148, claiming a deduction under Section 80P. AO disallowed the...

March 10, 2025 36 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 285 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 9216 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 141 Views 0 comment Print


Mere operational links or subsidiary relationships do not confer PE status: Delhi HC

February 24, 2025 486 Views 0 comment Print

Delhi High Court examines Nokia Network OY’s Permanent Establishment (PE) status in India, addressing taxation on software revenue, interest income & vendor financing.

CBDT Amends Rules 12CA, 12CC & Forms 10IH, 64A, 64B, 64C, 64D, 64E & 64F

February 24, 2025 2265 Views 0 comment Print

CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, impacting Forms 10IH, 64A-F, for streamlined reporting.

Best Ways to Use Your Tax Saving

February 24, 2025 1398 Views 0 comment Print

Learn how to smartly allocate your tax savings in 2025—repay loans, invest in mutual funds, boost spending, or explore business opportunities.

Complete Guide to PAN: Uses, Structure and Non-Compliance Penalties

February 24, 2025 756 Views 0 comment Print

A PAN (Permanent Account Number) is a unique 10-character alphanumeric identifier issued by the Income Tax Department of India to individuals and entities. It serves as a means of identifying taxpayers in the country. The Income Tax Department of India introduced the PAN (Permanent Account Number) card system to track financial transactions and ensure proper taxation.

USA Taxation, 2024: Updated guidelines for Corporates

February 24, 2025 999 Views 0 comment Print

Understand USA corporate tax in 2024, including tax rates, filing deadlines, estimated payments, EINs, and penalties. Stay compliant with updated IRS guidelines.

Development Agreement Signing Doesn’t Trigger Capital Gains Tax Without Actual Transfer: Telangana HC

February 24, 2025 1296 Views 0 comment Print

Telangana HC clarified that capital gains tax applies only when ownership or possession is transferred along with consideration.

Taxation of Salary: Taxable and Non-Taxable Salary Components

February 24, 2025 2082 Views 0 comment Print

Explore what’s taxable and non-taxable in salary, including allowances, perquisites and deductions. Learn key components and tax exemptions under Income Tax Act.

Mechanical Section 153D Approval Vitiates Proceedings: ITAT Lucknow

February 23, 2025 1344 Views 0 comment Print

ITAT Lucknow quashed assessments in Shri Navin Jain vs. DCIT, citing mechanical approval under Section 153D. Read key details and legal findings.

FTC Denial for mere delayed form 67 submission not justified: ITAT Pune

February 23, 2025 465 Views 0 comment Print

ITAT Pune rules on Foreign Tax Credit (FTC) in JCIT (OSD) Vs Raj Surendra Mohan Hajela, addressing the delay in Form 67 submission and its impact on tax claims.

Section 50C Applies to Land Transfers, Not Land Rights: Karnataka HC

February 23, 2025 2433 Views 0 comment Print

Karnataka High Court ruled on V.S. Chandrashekar vs. ACIT regarding tax treatment of land transactions, applicability of Section 50C, and capital gains classification.

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