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


Deduction in case of New Employment – Section 80JJAA of Income Tax Act

Income Tax : Explore Section 80JJAA of Income Tax Act, encouraging job creation in India. Learn about conditions, deductions, and benefits for ...

July 6, 2024 1056 Views 0 comment Print

Bombay HC Invalidates Reassessment Notice for AY 2015-16: Lack of DIN & Jurisdictional Issue

Income Tax : Explore the Bombay High Court's ruling on the invalidity of a reassessment notice under Section 148 of the Income-tax Act, 1961, f...

July 6, 2024 585 Views 0 comment Print

What will happen if you file your ITR wrongly to claim full refund?

Income Tax : Learn about the consequences of filing your ITR incorrectly and claiming a full refund. Understand Section 133(6) of the Income Ta...

July 5, 2024 8154 Views 1 comment Print

FAQs on New vs. Old Tax Regime (AY 2024-25)

Income Tax : Get answers to FAQs on the new vs. old tax regime for AY 2024-25. Learn about the differences, benefits, and how to choose the bes...

July 5, 2024 9696 Views 0 comment Print

Artificial Intelligence and Taxation: Redefining Compliance Standards

Income Tax : Discover how AI is transforming tax compliance standards, automating tasks, detecting fraud, and enhancing efficiency. Learn about...

July 5, 2024 1137 Views 2 comments Print


Latest News


All about TDS on Dividend with format of Form 15G, 15H and Declarations

Income Tax : Understand tax deduction rules for dividends as per Income-tax Act, 1961 amendments. Detailed guide on TDS rates, exemptions, and ...

July 4, 2024 600 Views 0 comment Print

New FVUs and Return Preparation Utility for e-TDS/TCS Statements

Income Tax : Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements File Validation Utility (FVU)...

July 3, 2024 15384 Views 12 comments Print

Updated List of 28 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Discover the comprehensive list of 26 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated b...

July 2, 2024 36978 Views 4 comments Print

Representation on delays & pendency of Appeals Filed with CIT(A) & Suggestions

Income Tax : Explore issues & solutions for appeals to Income Tax Commissioner. Detailed representation by Karnataka State Chartered Accountant...

July 1, 2024 3003 Views 0 comment Print

CBDT maintains database of over 76 crore PANs and over 74 lakh TANs

Income Tax : Read the inaugural address from Ravi Agrawal, the new Chairman of CBDT, outlining his vision for enhancing tax administration in I...

July 1, 2024 555 Views 0 comment Print


Latest Judiciary


AO exceeded jurisdiction in verifying demonetisation cash deposit below ₹2.5 lakhs

Income Tax : Explore the detailed analysis of the ITAT Bangalore decision in Goworamma Lingappa Manjula Vs ITO. Understand the implications and...

July 6, 2024 285 Views 0 comment Print

Unless escaped income exceeds ₹50 lakhs no action beyond 3 years could take place

Income Tax : Explore the ITAT Bangalore's decision in Lakshmi Multipurpose Co-operative Vs ITO regarding income threshold limits under Section ...

July 6, 2024 534 Views 0 comment Print

No penalty if contention of assessee was plausible and bona fide: Delhi HC

Income Tax : Delhi HC: No penalty for New Holland Tractors if assessee's contention was plausible and bona fide, provided full disclosure of fa...

July 6, 2024 423 Views 0 comment Print

No section 271D penalty for Cash receipt if reasonable cause exist

Income Tax : Read the full text of the ITAT Bangalore order in Laxmilal Badolla Vs NFAC. Penalty under Sec 271D cancelled due to reasonable cau...

July 4, 2024 537 Views 0 comment Print

Payment by Indian Entity to AE Abroad Not ‘FTS’ if No Technical Skill Provided: Bangalore ITAT

Income Tax : Learn how ITAT Bangalore ruled in favor of Herbalife India on technical service payments, clarifying FTS under India-USA DTAA. Det...

July 4, 2024 276 Views 0 comment Print


Latest Notifications


Guidelines for issuance of notice u/s 148 of the Income Tax Act, 1961

Income Tax : Explore the latest guidelines for issuing notice under Section 148 of the Income Tax Act, 1961. Understand key procedures, amendme...

July 5, 2024 9465 Views 0 comment Print

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 27, 2024 741 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 24, 2024 1245 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 336 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 807 Views 0 comment Print


CPC (TDS) communication to Govt. Deductors for "Mismatch in BIN" reported in TDS Statements

November 15, 2014 3227 Views 0 comment Print

Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements

Advocates alone are entitled to Practice, Plead and Act before revenue authorities

November 15, 2014 13668 Views 56 comments Print

Advocate B.S.K.RAO  (1) When the Deptt. is taking so much of security measure for e-filing of tax returns through only Assesses Digital Signature Certificates etc., person filing the return in the capacity of Individual, HUF and Artificial Juridical Person should only appear & produce records in support of return filed, against notice issued by the […]

Notification No. 71/2014-Income Tax Dated 15/11/2014

November 15, 2014 1540 Views 0 comment Print

Notification No. 71/2014-Income Tax (i) against serial number 6 in column (4), the number and words “(x) Principal Commissioner/Commissioner of Income-tax (Central), Vishakhapatnam” are inserted; (ii) against serial number 6 in column (5) the word “Vishakhapatnam” is inserted against the number and words “(x) Principal Commissioner/Commissioner of Income-tax (Central) Vishakhapatnam” so inserted in column (4);

CBDT Chairman inaugurates 'The Taxpayers Lounge' at IITF 2014

November 14, 2014 935 Views 0 comment Print

CHAIRPERSON, CBDT INAUGURATES THE ‘THE TAXPAYERS’ LOUNGE’ AT IITF-2014 AT PRAGATI MAIDAN; VARIOUS TAXPAYER SERVICES INCLUDING E-FILING OF RETURNS, VIEWING OF TAX CREDIT THROUGH 26AS, APPLICATIONS FOR PAN AND SERVICES OF TAX RETURN PREPARERS ARE SHOWCASED TO THE PUBLIC

CBDT directs DGIT, Principal CITs, CCITs & CITs to exercise powers in respect of notified jurisdictions- Notification No. 70/2014

November 13, 2014 2801 Views 0 comment Print

Notification No.70/2014-Income Tax (a) directs that the Director General of Income-tax or the Chief Commissioner of Income-tax specified in column (2) of the Schedule – I or II annexed to this notification, as the case may be (hereinafter referred to as the “said Schedules”) or the Principal Commissioner/ Commissioner of Income-tax specified in column (4) of the said Schedules or Joint Commissioners of Income-tax or Assessing Officers, shall continue to exercise powers and perform the functions as stipulated in the said Act, in respect of such persons or classes of persons or such incomes or classes of incomes or such cases or classes of cases in which the said Income-tax authorities have been exercising powers and performing the functions on the basis of jurisdiction assigned by any order passed under the said Act on the date of publication of this notification, till such jurisdiction is revoked;

Income-Tax Authorities – Jurisdiction of – Amendment in Notification No. SO 1189(E), Dated 3-12-2001

November 13, 2014 3226 Views 0 comment Print

Notification No. 69/2014-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notifications of the Government of India, Central Board of Direct Taxes number S.O.1189(E), dated the 3rd December, 2001 published in the Gazette of India, Extraordinary

Notification No. 68/2014-Income Tax Dated: 13/11/2014

November 13, 2014 727 Views 0 comment Print

Notification NO. 68/2014-Income Tax In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following further amendments to the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O.359, dated the 30th March, 1988

CBDT empowers Principal CCIT, CCIT & CIT (International Taxation) to distribute work amongst TPOs

November 13, 2014 4441 Views 0 comment Print

Notification No. 67/2014-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment to the notification of the Government of India, Ministry of Finance of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O.2816(E), dated the 3rd November, 2014, with effect from the 15th November, 2014, namely :- After the Schedule to the said notification, following Note shall be inserted, namely :- F.No.187/29/2014 (ITA.I)

Notification No. 66/2014-Income Tax Dated: 13/11/2014

November 13, 2014 4552 Views 0 comment Print

Notification No. 66/2014-Income Tax In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 120 of the Income-tax Act, 1961, and in supersession of the notification of the Government of India, Ministry of Finance, Central Board of Direct Taxes, dated 11th October, 1990 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) number S.O 777 (E) dated the 11th October 1990 except as respect of things done or omitted to be done before such notification, the Central Board of Direct Taxes hereby authorises the Principal Chief Commissioners of Income-tax

Corrigendum – Income Tax Notification No. 65/2014 Dated– 13.11.2014

November 13, 2014 1574 Views 0 comment Print

Notification No. 65/2014-Income Tax S.O….(E) – In the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O. 2754(E) dated the 22nd October, 2014 published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated 22nd October, 2014, in the Schedule,

Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031