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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


Advance Tax: Due Dates & Consequences of Non-Payment

Income Tax : Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B...

March 28, 2025 1134 Views 0 comment Print

Income Tax Notices: What They Mean & How to Handle Them

Income Tax : Receiving an income tax notice can be disconcerting, particularly for individuals who are not well-versed with tax laws and compli...

March 28, 2025 636 Views 0 comment Print

India’s New Income Tax Bill 2025: A Comprehensive Overview

Income Tax : Discover key highlights of India's Income Tax Bill 2025, effective April 2026, featuring simplified tax structures, revised slabs,...

March 28, 2025 1554 Views 0 comment Print

Navigating the Interplay: TOLA, Finance Act 2021 and Income Tax Act

Income Tax : Supreme Court clarifies the applicability of TOLA to reassessment notices under the Income Tax Act, addressing the interplay with ...

March 28, 2025 291 Views 0 comment Print

Penny Stocks and Legal Framework: Strengthening Revenue’s Position

Income Tax : Penny stocks, often associated with small, illiquid companies, have been a subject of concern due to their susceptibility to price...

March 28, 2025 195 Views 0 comment Print


Latest News


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 5031 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 135 Views 0 comment Print

JAO Charge Reorganization: ITGOA Seeks Immediate Action

Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...

March 26, 2025 231 Views 0 comment Print

Access By IT Officials To Personal Email, Social Media and Bank Accounts

Income Tax : IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not all...

March 26, 2025 5310 Views 0 comment Print

Government Promotes Voluntary Tax Compliance Measures

Income Tax : The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to exten...

March 26, 2025 96 Views 0 comment Print


Latest Judiciary


15 days minimum time to be given to respond to hearing notices: ITAT Pune

Income Tax : ITAT Pune remands Dnyanagan Education Society's case for fresh consideration after the rejection of its Section 12AB registration ...

March 28, 2025 183 Views 0 comment Print

ITAT Ahmedabad orders Fresh Assessment on FD Interest from Land Compensation

Income Tax : ITAT Ahmedabad held that fresh assessment is necessary in case of taxability of interest earned from Fixed Deposit from compensati...

March 28, 2025 111 Views 0 comment Print

Filing of cross objection before High Court is not maintainable

Income Tax : Delhi High Court held that Section 260A of the Income Tax Act refrains from incorporating a specific provision permitting the fili...

March 28, 2025 195 Views 0 comment Print

Recovery or repayment of fraudulent income doesn’t qualify as allowable expense

Income Tax : In the present case, recovery or repayment of fraudulent income does not qualify as an allowable expense. Allowing deductions for ...

March 28, 2025 114 Views 0 comment Print

Income of AOP taxable at MMR if any member is taxable at rate higher than MMR

Income Tax : ITAT Ahmedabad held that as per the provisions of Section 167B of the Income Tax Act, Maximum Marginal Rate (MMR) is applicable on...

March 28, 2025 456 Views 0 comment Print


Latest Notifications


CBDT notifies Changes in TDS Return Form 26Q and 27Q

Income Tax : CBDT notifies the Income-tax (Seventh Amendment) Rules, 2025, updating Forms 26Q and 27Q to include Section 194T on payments to fi...

March 28, 2025 6756 Views 0 comment Print

Income Tax Offices to Remain Open on March 29-31, 2025

Income Tax : Income Tax offices across India will remain open on March 29-31, 2025, for pending work, as per CBDT order under Section 119 of th...

March 27, 2025 1386 Views 0 comment Print

Amendment of Safe Harbour Rules for AY 2025-26 under Section 92CB

Income Tax : CBDT notifies Income Tax (Sixth Amendment) Rules, 2025, introducing safe harbour rules for assessment year 2025-26. Full details o...

March 26, 2025 438 Views 0 comment Print

High-Risk e-Verification Cases: Instructions for AOs

Income Tax : Guidelines for Assessing Officers on handling high-risk e-Verification cases under the e-Verification Scheme 2021, including steps...

March 20, 2025 876 Views 0 comment Print

CBDT allows data sharing with Delhi’s IT Dept. for social welfare scheme identification

Income Tax : CBDT allows data sharing with Delhi's IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the...

March 19, 2025 249 Views 0 comment Print


CBDT revises Application form for registration of charitable or religious trusts

February 19, 2018 33105 Views 15 comments Print

pplication for registration of charitable or religious trusts, etc.- 17A (1). An application under clause (aa) or clause (ab) of sub-section (1) of section 12A for registration of a charitable or religious trust or institution shall be made in Form No. 10A and accompanied by the following documents, namely:_

Signing of DTAA by India and Iran on 17th February, 2018

February 19, 2018 1224 Views 0 comment Print

India and Iran signed an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income, today at New Delhi.

Guidelines for Online Entries in Schedule I by Charitable Trusts

February 19, 2018 14031 Views 0 comment Print

Now we will understand the procedure for making online entries in Schedule I on the website of Maharashtra Charity Organization website namely www.charity.maharashtra.gov.in.

Is There Any Way-out To Escape LTCG Tax Which Is Applicable From 1st April, 2018?

February 19, 2018 7647 Views 0 comment Print

Budget 2018 gave sudden shock to the big players in stock market. From April 1, 2018, long term capital gain arising from the sale of shares or equity mutual fund schemes held for over one year and above Rs. 1 Lakh will be taxable @ 10%. Let’s understand in a comparative manner. Scenario pre Budget […]

Analysis of amendment in section 10(23)(C) & 11 of Income Tax Act-1961 by Finance Bill, 2018

February 18, 2018 10956 Views 7 comments Print

Union Budget 2018 has brought drastic change in the relief already provided to hospitals, educational institutions, trusts and funds registered under section 10(23) (C) & section 11, which is very important & considerable.

Procedure for online submission of application U/s. 41C on Charity Organization website

February 18, 2018 3663 Views 1 comment Print

While submitting the application for Event 41 C, your Mandal’s name shall not be identical with the name of any Country or any State or resembled with any body constituted by the Government or any local authority or which is prohibited under Emblems and Names (Prevention of Improper Use) Act, 1950

FATCA Registeration and Applicability in India

February 17, 2018 43026 Views 7 comments Print

In 2010, USA enacted a law known as Foreign Account Tax Compliance Act (FATCA) with the objective of tackling tax evasion through obtaining information in respect of offshore financial accounts maintained by USA residents and citizens.

Interest Payable U/s. 234A, 234B & 234C Calculator for FY 2017-18 (AY 2018-19

February 17, 2018 27495 Views 0 comment Print

Excel Calculator for Interest Payable Under Section 234A, 234B and 234 C Calculator for FY 2017-18 (AY 2018-19)

Why should you file Income Tax Return year after year

February 17, 2018 3114 Views 0 comment Print

Is Income Tax Filing nothing more than just paying taxes? Think twice. Several benefits are available on filing ITRs, which are not available otherwise.

Procedure for Online Registration of Society in Maharashtra

February 17, 2018 6858 Views 0 comment Print

Now we will understand the procedure for online registration of Society under the Society Registration Act, 1860 on charity organization website charity.maharashtra.gov.in.

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