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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


TOP 7 Tax Saving Options Other Than 80C- For FY 2023-24

Income Tax : Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home...

March 29, 2024 1527 Views 0 comment Print

Form 10 IE Or Form 10 IEA: Which Form Is to Be Filed and By Whom?

Income Tax : Confused about which form to file for tax regime choice? Understand the differences between Form 10IE and Form 10IEA, filing dates...

March 29, 2024 279 Views 0 comment Print

Analysis of Karnataka Compulsory Gratuity Insurance Rules, 2024

Income Tax : Understand the nuances of Gratuity - eligibility, exemptions, tax implications for employers & employees, and recent regulatory ch...

March 29, 2024 354 Views 0 comment Print

Practical Intricacies of Section 43B(h)

Income Tax : Explore the practical implications of Section 43B(h) of the Income Tax Act, its applicability, disallowance scenarios, and complia...

March 29, 2024 393 Views 0 comment Print

Residential Status of Individuals under Income Tax Act

Income Tax : Learn why determining residential status matters for income tax in India. Explore the categories, tests, and implications for ind...

March 29, 2024 282 Views 0 comment Print


Latest News


24X7 Control Room to monitor cash movements for General Elections 2024

Income Tax : Ministry of Finance sets up a 24X7 Control Room for Lok Sabha Elections 2024 in Delhi to monitor cash movements. Toll-free number:...

March 20, 2024 411 Views 0 comment Print

Direct Tax Collections Surge: FY 2023-24 Records Remarkable Growth

Income Tax : Ministry of Finance reveals impressive growth in India's direct tax collections for FY 2023-24, with net collections up by 19.88%,...

March 20, 2024 3804 Views 0 comment Print

Income Tax Dept admits Inconsistencies in Securities Market Data (SFT-17)

Income Tax : Income Tax Department has identified certain inconsistencies in the Statement of Financial Transactions (SFT-17) data related to s...

March 12, 2024 390 Views 0 comment Print

Ministry of Finance Launches e-Campaign for Advance Tax Compliance

Income Tax : The Income Tax Department, under the Ministry of Finance, is set to initiate an e-campaign aimed at enhancing taxpayer compliance ...

March 10, 2024 483 Views 0 comment Print

Guide to Filing Updated Returns Under Section 139(8A)

Income Tax : Learn how to file updated returns under Section 139(8A) of the Income Tax Act within 24 months from the assessment year end. Know ...

March 9, 2024 1581 Views 0 comment Print


Latest Notifications


Changes in ITR form V and Acknowledgement for A.Y 2024 25

Income Tax : Explore amendments in ITR form V & Acknowledgement for A.Y 2024-25 as per Income Tax Act, 1961 & Rules, 1962. Understand filing pr...

March 28, 2024 10794 Views 0 comment Print

Notification No. 36/2024: Income Tax Exemption- National Mission for Clean Ganga

Income Tax : Explore Notification No. 36/2024 by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, concerning the ...

March 26, 2024 225 Views 0 comment Print

CBDT notifies ‘Principal Secretary, Planning Department, UP U/s. 138(1)(a)(iii)

Income Tax : Stay informed with Ministry of Finance Notification No. 35/2024. Learn about the latest specification of 'Principal Secretary, Pla...

March 22, 2024 402 Views 0 comment Print

Corrigendum to Income Tax Notification No. 27 of 2024

Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...

March 19, 2024 2637 Views 0 comment Print

CBDT Amends India-Spain Double Taxation Avoidance Agreement (DTAA)

Income Tax : Explore the Notification No. 33/2024 on the agreement between India and Spain for tax exchange. Understand its implications and ch...

March 19, 2024 402 Views 0 comment Print


Addition u/s 69 deleted as receipt of cold storage rent in cash not reason to doubt genuineness: ITAT Delhi

March 16, 2024 846 Views 0 comment Print

ITAT Delhi held that genuineness and veracity of the party cannot be doubted merely because the cold storage rent was received in cash. Accordingly, addition u/s. 69 of the Income Tax Act towards unexplained investment unjustified.

No Section 271FA Penalty if there was a reasonable cause for failure

March 16, 2024 498 Views 0 comment Print

Explore the detailed analysis of Kesar Alloys & Metals Pvt. Ltd. vs. Director of Income Tax (ITAT Indore) case, focusing on penalty levied under section 271FA of the Income Tax Act, 1961.

Circular No. 5/2024: New Guidelines for Income Tax Appeals & Litigation Reduction

March 15, 2024 2484 Views 0 comment Print

Discover the latest Circular from the Ministry of Finance, India, outlining measures to reduce tax litigation by specifying conditions for filing appeals before Tax Appellate Tribunals and Courts.

Updated TDS Rate Chart for FY 2024-2025 (AY 2025-2026)

March 15, 2024 5742 Views 0 comment Print

Explore the updated TDS Rate Chart for FY 2024-2025 (AY 2025-2026) and understand its implications. Learn about TDS working, applicability, rates, compliance, and filing requirements.

Income Tax Act: Press Trust of India Limited Notification (Section 10(22B))

March 15, 2024 234 Views 0 comment Print

Read about the latest Income Tax Act notification granting tax exemption to The Press Trust of India Limited. Details on eligibility and conditions explained.

Payments to Micro, Small & Medium Enterprises: Section 43B(h) impact & FAQs

March 15, 2024 5658 Views 0 comment Print

Explore impact of Section 43B(h) on Micro, Small, and Medium Enterprises payments under Finance Act 2023. Get insights, guidelines, and FAQs for compliance.

ITAT Orders Re-adjudication on Section 80P(2)(e) for Agricultural Loan Deductions

March 15, 2024 120 Views 0 comment Print

Read about the ITAT Bangalore’s order directing re-adjudication on the deduction under Section 80P(2)(e) for agricultural loans provided by Savanoor Primary Agricultural Co-operative Society Ltd.

Lack of Legal Understanding & Consultant’s Technological Limitations: ITAT denied Condonation of delay

March 15, 2024 354 Views 0 comment Print

Read about the ITAT Mumbai ruling in Inderjit Singh Manchanda vs. CIT case, where the application for condonation of delay regarding penalty proceedings appeal was dismissed.

Personal hearing is mandatory before issuing Section 148A(d) orders: Kerala HC

March 15, 2024 750 Views 0 comment Print

Kerala High Court affirms that personal hearing is mandatory before issuing orders under Section 148A(d) of the Income Tax Act.

LTCG Deemed Genuine: AO Fails to Prove Bogus Share Sale, Addition Deleted

March 15, 2024 405 Views 0 comment Print

Read about the ITAT Ahmedabad ruling in Bharatkumar Gangaram Patel vs. ITO case, where the addition for unexplained LTCG on shares was deleted due to failure to establish bogus sale.

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