Follow Us :

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


Deemed Ownership of a Property [Section 27 of Income Tax Act, 1961]

Income Tax : Understand deemed ownership under Section 27 of the Income Tax Act, 1961. Learn about conditions where non-legal owners are treate...

June 30, 2024 123 Views 0 comment Print

Precautions to be taken to shift from new scheme to old scheme while filing Income tax return

Income Tax : Discover essential precautions when shifting from the new income tax scheme to the old one using Form 10-IEA. Understand the proce...

June 30, 2024 1254 Views 0 comment Print

Sec 54 & 54F exemptions aren’t just for Property Owners: Here’s How you and your spouse/Legal Heirs can benefit

Income Tax : Discover how Section 54 & 54F exemptions extend beyond property owners to include spouses and legal heirs. Explore recent ITAT rul...

June 29, 2024 2109 Views 0 comment Print

Judicial Interpretation of Income Tax Law in India

Income Tax : Introduction to Judicial Interpretation of Income Tax Law in India The judicial elucidation of income tax legislation in India pla...

June 29, 2024 603 Views 0 comment Print

Tax Free Income: There is no tax on these earnings, check before filing ITR

Income Tax : Discover what income is tax-free and save on your taxes. Learn about untaxed earnings before filing your ITR. Stay updated!...

June 27, 2024 1311 Views 0 comment Print


Latest News


CPC (TDS) Reminder: File TDS Statement 26Q for Q4 F.Y. 2023-24 Now

Income Tax : Receive a reminder from CPC (TDS) to file your TDS Statement 26Q for Quarter 4, F.Y. 2023-24. Understand implications of non-compl...

June 26, 2024 1413 Views 1 comment Print

Changes on e-filing portal and Common issues while filing ITR

Income Tax : Discover essential updates on the e-filing portal for ITR 2024-25, including changes in forms, bank validation, refund status, sta...

June 25, 2024 12609 Views 1 comment Print

FAQs on ITR-7

Income Tax : Learn who can file ITR-7, how to file it, required information, and mandatory schedules. Detailed guide for assessees under variou...

June 22, 2024 3498 Views 0 comment Print

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 3102 Views 0 comment Print

Direct Tax Collections Surge by 22.19% in FY 2024-25

Income Tax : Gross Direct Tax collections for FY 2024-25 grow by 22.19%. Net Direct Tax collections up 20.99%. Advance Tax collections hit Rs. ...

June 18, 2024 348 Views 0 comment Print


Latest Judiciary


Dumping of cart loads of documents does not shift burden of proof to revenue

Income Tax : Read the full text of the ITAT Kolkata order on Bisakha Sales Pvt. Ltd. Vs CIT, covering assessment year 2008-09. Explore the appe...

June 30, 2024 750 Views 0 comment Print

ITAT Kolkata deletes Addition for Share Capital of Rs. 1.54 Crore

Income Tax : Explore the detailed analysis of ITO Vs Axisline Investment Consultants Pvt. Ltd. case where ITAT Kolkata deleted Rs. 1.54 crore a...

June 30, 2024 126 Views 0 comment Print

Share application amount cannot be added twice in payees & recipients’ hands u/s 68  

Income Tax : ITAT Kolkata held in ITO Vs Happy Structure Pvt. Ltd.  that share application amount cannot be added twice under Section 68 of In...

June 30, 2024 135 Views 0 comment Print

Section 68 addition based on conjectures & surmises not justified: ITAT Kolkata

Income Tax : Satyam Smertex pvt. Ltd. Vs DCIT (ITAT Kolkata): Addition made by AO and confirmed by CIT(A) are based on conjectures and surmises...

June 30, 2024 90 Views 0 comment Print

Validity of Section 148 notice by Jurisdictional AO instead of Faceless AO

Income Tax : Analysis of Swarn Singh Vs ITO (ITAT Amritsar) on validity of notice u/s 148 by Jurisdictional Assessing Officer (JAO) vs Faceless...

June 29, 2024 3156 Views 0 comment Print


Latest Notifications


CBDT Order under DTVsV Act 2020 on acceptance of delayed Payment

Income Tax : CBDT order allows delayed tax payments under DTVsV Act conditions, easing compliance for taxpayers. Details on Form-3 modification...

June 29, 2024 357 Views 0 comment Print

CBDT notifies 6 from to be submitted electronically wef 27th June 2024

Income Tax : CBDT issued Notification No. 01/024-25-Income Tax dated 24th June 2024, specifying Form 3CN, Form 3CS, Form 3CEC, Form 3CEFB, Form...

June 29, 2024 516 Views 0 comment Print

Section 10(46) exemption to Kerala Co-operative Deposit Guarantee Fund Board

Income Tax : Discover the impact of Notification No. 51/2024-Income Tax by the Ministry of Finance on the Kerala Co-operative Deposit Guarantee...

June 12, 2024 318 Views 0 comment Print

Budget 2024: CBDT invites Suggestions on changes in direct & indirect taxes 

Income Tax : Explore suggestions from trade associations for Budget 2024-25 on changes in direct and indirect taxes. Submit proposals for tax s...

June 12, 2024 756 Views 0 comment Print

Income Tax Section 10(46) exemption notification: Real Estate Appellate Tribunal Punjab

Income Tax : Learn about the Notification under section 10(46) of the Income Tax Act 1961 for the Real Estate Appellate Tribunal Punjab. Detail...

June 7, 2024 330 Views 0 comment Print


Assessment order passed in the name of a deceased individual is invalid: ITAT Jaipur

May 30, 2024 747 Views 0 comment Print

ITAT Jaipur directs AO to quash Assessment Order under section 143(3) of Income Tax Act as notice to deceased assessee is deemed invalid. Detailed analysis and case precedents provided.

Section 40(a)(i) not applicable if TDS is deducted & paid within prescribed time

May 30, 2024 2451 Views 0 comment Print

The ITAT Delhi deletes Rs. 1.83 crore addition in the case of Ayesa Ingenieria Y Arquitectura, confirming TDS on expat salaries was duly deposited.

ITAT upholds deletion of addition towards stale draft account

May 30, 2024 372 Views 0 comment Print

In the case of Karur Vysya Bank Ltd. vs. DCIT, ITAT Chennai rejects AO’s disallowance of stale drafts, citing precedent and banking business nature.

ITAT Delhi Upholds Bonafide of Cash Sales During Demonetisation

May 30, 2024 2556 Views 0 comment Print

ITAT Delhi confirms ACIT vs. Delhi Spot Bullion Trading Co. cash sales during demonetisation were legitimate, dismissing Revenue’s appeal.

ITAT Orders Re-adjudication Due to Arbitrary Profit Estimation

May 30, 2024 252 Views 0 comment Print

ITAT Delhi directs re-adjudication of J.M. Voith SE & Co. KG Vs DCIT case regarding taxability of offshore supplies and profits attribution to PE in India.

Joint Secretary’s Letter Can’t Override Income Tax Act: Calcutta HC

May 30, 2024 417 Views 0 comment Print

Calcutta High Court rules that a Joint Secretary’s letter cannot override the plain provisions of the Income Tax Act and Finance Act in the RBS N.V. vs CIT case.

Prior Approval Under Section 153D is Mandatory & should not be mechanical

May 30, 2024 3048 Views 0 comment Print

Explore the legal battle between ACIT and Serajuddin & Co. Kolkata, as the High Court evaluates ITAT’s approval process under Section 153D of the Income Tax Act.

Notification under 10(46A) in case of Mathura Vrindavan Development Authority

May 29, 2024 483 Views 0 comment Print

Explore the implications of Notification No. 47/2024-Income Tax, granting tax exemption to Mathura Vrindavan Development Authority under section 10(46A).

Link Your PAN with Aadhaar Today as Non-compliance Costs More

May 29, 2024 1566 Views 0 comment Print

Link your PAN with Aadhaar by May 31, 2024, to avoid higher TDS/TCS deductions and inactive PAN issues. Learn the consequences of non-compliance here.

CBDT excludes RBI from definition of specified person under Sec. 206AB & 206CCA of Income Tax Act, 1961

May 29, 2024 963 Views 0 comment Print

CBDT excludes RBI from the definition of specified person under Sections 206AB & 206CCA of the Income Tax Act, 1961. Learn the implications of this amendment.

Search Post by Date
June 2024
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930