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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


Key Direct Tax amendments to Finance Act, 2025

Income Tax : Overview of Finance Act 2025 changes: capital assets, fund manager relocation, search case assessments, and more. ...

April 7, 2025 183 Views 0 comment Print

When Rent Crosses ₹50,000, Even Individuals Become Deductors!!

Income Tax : Learn about Section 194-IB of Income Tax Act, requiring individuals paying monthly rent exceeding ₹50,000 to deduct TDS at 2%. U...

April 7, 2025 2145 Views 0 comment Print

Summary and Characteristics of Startup Recognition and 80IAC under DPIIT

Income Tax : DPIIT's Startup Recognition Program offers benefits like tax exemptions (80IAC), funding access, IP protection, and compliance eas...

April 7, 2025 237 Views 0 comment Print

Analysis of Amendments in Form 3CD: Effective from 01.04.2025

Income Tax : Analysis of Form 3CD amendments effective April 1, 2025. Understand the impact on tax audits, MSME reporting, and cross-border com...

April 7, 2025 105 Views 0 comment Print

Requirement of TDS on Rent by an Individual under Section 194-IB

Income Tax : Understand TDS on rent for individuals: thresholds, rates, and compliance procedures as per Section 194-IB....

April 7, 2025 102 Views 0 comment Print


Latest News


ITAT enables e-filing and virtual hearings

Income Tax : ITAT enables e-filing and virtual hearings; over 26,000 e-filings and 1.22 lakh video hearings conducted till Feb 2025, per Minist...

April 5, 2025 1968 Views 1 comment Print

Exemption From Income Tax on Annual Income Up To ₹12 Lakh

Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...

April 3, 2025 603 Views 0 comment Print

Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 165 Views 0 comment Print

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 5784 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 249 Views 0 comment Print


Latest Judiciary


Bombay HC Quashes Tax Notices Due to Address Issue, Grants Fresh Opportunity

Income Tax : Bombay High Court quashes income tax notices to Srimani Basu due to improper service from address discrepancy, grants fresh hearin...

April 7, 2025 39 Views 0 comment Print

ITAT Quashes Section 12A/80G Rejection for Natural Justice Violation

Income Tax : ITAT Ahmedabad overturns 12A and 80G renewal rejections, citing lack of examination by CIT(E) and violation of natural justice....

April 7, 2025 57 Views 0 comment Print

Subsidy received after commencement of cold chain facility is revenue receipt

Income Tax : The assessee is a limited company engaged in the business of Unit manufacturing homogenized and pasteurized milk and manufacturing...

April 7, 2025 66 Views 0 comment Print

Services from SEZ Qualify as Exports; Section 10AA Deduction Allowed: ITAT Chennai

Income Tax : Regarding disallowance under section 10AA, Tribunal found that services provided by appellant to foreign customers from the SEZ di...

April 7, 2025 912 Views 0 comment Print

Addition under Faceless Assessment Scheme without issuance of notice not sustainable

Income Tax : The entire procedure subsequent to obtaining further information, documents or evidence has not been gone through in case of the P...

April 7, 2025 225 Views 0 comment Print


Latest Notifications


Section 194EE Exemption: 80CCA Withdrawals Tax-Free

Income Tax : Finance Ministry exempts 80CCA withdrawals from TDS under Section 194EE. Individuals withdrawing after notification date are affec...

April 5, 2025 300 Views 0 comment Print

Amendments in TDS Deductions Under Finance Act 2025

Income Tax : Changes in TDS deductions under Finance Act 2025 include revised thresholds for Sections 194A, 194H, and 80CCA. Effective from Apr...

April 4, 2025 4104 Views 0 comment Print

PAN-Aadhaar Linking Mandatory for Applications Before Oct 1, 2024; Deadline Dec 31, 2025

Income Tax :  CBDT mandates Aadhaar intimation for PAN holders who applied before October 1, 2024. Deadline set for December 31, 2025. Know co...

April 4, 2025 453 Views 0 comment Print

PAN Holders Must Link Aadhaar for Applications Filed Before October 1, 2024

Income Tax : CBDT mandates Aadhaar intimation for PAN holders who applied before October 1, 2024. Know the latest Income Tax Rule amendments ef...

April 4, 2025 213 Views 0 comment Print

Finance Act 2025 assented by President of India on 29.03.2025

Income Tax : On 29 March 2025, the President of India granted assent to the Finance Act 2025, marking a significant milestone in the country’...

March 29, 2025 6480 Views 0 comment Print


Assessment u/s 153A is Limited to search related income only

March 12, 2017 2895 Views 0 comment Print

It is held that the Assessing Officer while framing the assessment under Section 153A of the Act for the block period may make addition considering the incriminating material found for the year under consideration only which was collected during the search.

Recognition to Company Secretaries under Trade Marks Rules, 2017

March 12, 2017 6807 Views 0 comment Print

We are pleased to share with you that to give a boost to the Intellectual Property Regime in India, Government of India, Ministry of Commerce & Industry, and Department of Industrial Policy & Promotion notified the Trade Marks Rules, 2017. Trade Marks Rules, 2017, replaced the erstwhile Trade Marks Rules 2002.

ICSI reaches 50,000th CS Membership Mark

March 12, 2017 2073 Views 0 comment Print

The Institute of Company Secretaries of India reached a Landmark today as it’s membership has reached the mark of 50,000 members . Now The Institute of Company Secretaries of India has 50,000 CS Members.

Fake Charities on IRS ‘Dirty Dozen’ List of Tax Scams for 2017

March 12, 2017 2502 Views 0 comment Print

Fake Charities: Be on guard against groups masquerading as charitable organizations to attract donations from unsuspecting contributors. Be wary of charities with names similar to familiar or nationally known organizations. Contributors should take a few extra minutes to ensure their hard-earned money goes to legitimate and currently eligible charities.

S. 24(b) Interest on Loan taken to repay earlier Loan on property allowable

March 11, 2017 5940 Views 1 comment Print

Whether interest paid by assessee on loan taken for repaying the loan earlier borrowed for acquisition of the property is allowed as deduction u/s 24(b) of the Income Tax Act,1961?

Rule-8D is not attracted if assessee has voluntarily computed disallowance

March 11, 2017 2331 Views 0 comment Print

Under sub-section (2) of Section 14A of the Act, the Assessing Officer is required to examine the accounts of the assessee and only when he is not satisfied with the correctness of the claim of the assessee in respect of expenditure in relation to exempt income,

BCAS Post-Budget Memorandum On Finance Bill – 2017

March 11, 2017 4113 Views 1 comment Print

We compliment you for the focused and non populist Budget that was presented on 1st February. The idea of combining the Rail Budget and the Finance Budget is also a welcome one.

Avoid unethical tax return preparers touting inflated tax refunds: IRS

March 11, 2017 3384 Views 0 comment Print

Taxpayers should be on the lookout for anyone promising inflated refunds. Be wary of anyone who asks taxpayers to sign a blank return, promises a big refund before looking at their records or charges fees based on a percentage of the refund.

Cash Deposit by 17.92 Lakh persons not matches their tax profile

March 11, 2017 38046 Views 2 comments Print

Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period

Direct Tax Collections up to February, 2017 show Growth of 10.7%

March 10, 2017 618 Views 0 comment Print

Direct tax collections up to February, 2017 continues to show a steady growth trend. The collection net of refunds stands at Rs. 6.17 lakh crore which is 10.7 % more than the net collections for the corresponding period last year.

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