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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


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 1032 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 582 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 8088 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 9600 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 15378 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 273 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 522 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 534 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 9411 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 1236 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 804 Views 0 comment Print


CBDT revises Territorial Jurisdiction of Transfer Pricing Officers

November 3, 2014 4406 Views 0 comment Print

Notification No. 59/2014-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 notification of the Government of India, Central Board of Direct Taxes number S.O.994(E), dated the 9th September, 2004, published in the Gazette of India, Extraordinary

CBDT Notifies Jurisdiction of income-tax authorities (Transfer Pricing Officers)

November 3, 2014 3861 Views 0 comment Print

Notification No. 58/204-Income Tax (a) the Commissioners of Income-tax specified in column (2) of the Schedule hereto annexed, having their headquarters at the places specified in the corresponding entries in column (3) of the said Schedule, shall exercise the powers and perform the functions in respect of territorial areas or of such persons or class of persons in respect of which the Additional/Joint Commissioners of Income-tax

CBDT notifies Income Tax officers on whom CITs can exercise powers related to TDS

November 3, 2014 1964 Views 0 comment Print

Notification No. 57/2014-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 notification of the Government of India, Central Board of Direct Taxes number S.O.881(E), dated the 14th September, 2001 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 14th September,

CBDT notifies new hierarchy of CCIT, CIT and DGIT

November 3, 2014 8302 Views 0 comment Print

Notification No. 56/2014-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 published in the Gazette of India

Income Tax Due Dates for the Month of November 2014

November 1, 2014 9889 Views 0 comment Print

7 November 2014 –​Due date for deposit of Tax deducted/collected for the month of October, 2014 15 November 2014 –​ Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending September 30, 2014 22 November 2014 –Due date for […]

FM ask IT Officials to not to lose sight of domestic black money

October 31, 2014 1466 Views 0 comment Print

Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Department the Achievement of Budgeted Targets of Direct Taxes for 2014-15 and Action There of 

Jurisdiction of DRP for cases and class of cases amended by CBDT – ORDER NO. 12/FT&TR/2014 – Dated 30-10-2014

October 30, 2014 1408 Views 0 comment Print

In partial modification to Order No. 7/FT&TR/2013 dated 14th November, 2013 and in exercise of the powers conferred under section 144C of the Income-tax Act, 1961(43 of 1961) read with Income-tax (Dispute Resolution Panel) Rules, 2009 as amended from time to time and keeping in view the workload and efficient functioning of Dispute Resolution Panels (DRPs) at Mumbai, the Central Board of Direct Taxes hereby directs that the following DRPs

Constitution of Dispute Resolution Panel-IV at Mumbai by CBDT

October 30, 2014 713 Views 0 comment Print

In exercise of the powers conferred by clause (a) of sub-section (15) of section 144C of the Income-tax Act, 1961(43 of 1951) read with income tax (Dispute Resolution Panel) Rules, 2009 as amended from time to time and in addition to earlier Orders constituting Dispute Resolution Panels at Mumbai, the Central Board of Direct Taxes hereby constitutes the Dispute Resolution Panel-IV at Mumbai comprising of three Commissioners of income-tax as Members

No disallowance for non-payment of TDS can be made if payee has paid tax thereon

October 30, 2014 6319 Views 0 comment Print

Admittedly, the undisputed fact is that the assessee in the case on hand, has not deducted tax at source on the payments made to Shri Uday Kumar Shetty amounting to Rs.1,53,78,795/-. As submitted by the ld.AR, as far as the payments made by the assessee to Shri Uday Kumar Shetty

E Payment of Income Tax – Fine tuning is required

October 30, 2014 3382 Views 0 comment Print

 CA. M. Lakshmanan While paying direct taxes such as advance tax, self assessment tax, TDS and tax on regular assessment in the NSDL site after PAN and all other relevant columns such as assessment year, name, address, type of payment etc., are filled in and before we are directed to the Bank portal, the name […]

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