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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


Income Tax 1961 vs Income Tax Bill, 2025: Key Changes in Tax Provisions

Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...

February 13, 2025 5682 Views 0 comment Print

Comparative Analysis: Income Tax Act 1961 vs. Income Tax Bill 2025

Income Tax : A detailed comparison of key provisions in the Income Tax Act, 1961, and the proposed Income Tax Bill, 2025, highlighting major ch...

February 13, 2025 9186 Views 0 comment Print

USA Taxation 2024: Updated Guidelines for Individuals

Income Tax : Stay updated with 2024 US individual tax filing details, including deadlines, tax rates, forms, and standard deductions. Learn abo...

February 13, 2025 231 Views 0 comment Print

वरिष्ठों को भी सभी स्तोत्रों से प्राप्त बारह लाख तक आय पर टैक्स छूट नहीं देना कहाँ तक उचित

Income Tax : बजट में गैर-पेंशनभोगी वरिष्ठों को कर राहत न मिलने ...

February 13, 2025 630 Views 0 comment Print

Section 44AD: Presumptive Taxation for Small Businesses

Income Tax : Simplify taxes with Section 44AD's presumptive taxation for small businesses. Learn eligibility, rates, and conditions for maintai...

February 13, 2025 1200 Views 0 comment Print


Latest News


Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 13, 2025 2172 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 156 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 468 Views 0 comment Print

Corporate Tax Collections & Incentives for Global Firms

Income Tax : Corporate tax collections rose post rate cuts from AY 2020-21, except during COVID. Budget 2025 proposes presumptive tax for elect...

February 12, 2025 48 Views 0 comment Print

Reminder for Filing TDS Statement 26Q for Q2 FY 2024-25

Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...

February 8, 2025 10674 Views 2 comments Print


Latest Judiciary


Transfer of case u/s. 127 without granting personal hearing in bad-in-law: ITAT Raipur

Income Tax : ITAT Raipur held that order of transfer of case under section 127 of the Income Tax Act without granting opportunity of being hear...

February 13, 2025 39 Views 0 comment Print

Order of Settlement Commission choosing one of two possible views cannot be interfered

Income Tax : Kerala High Court held that court cannot interfere with order of settlement commission if challenge is merely that Settlement Comm...

February 13, 2025 42 Views 0 comment Print

Penalty u/s. 271B deleted as reasonable cause shown: ITAT Bangalore

Income Tax : ITAT Bangalore held that penalty under section 271B of the Income Tax Act for delay in uploading audit report set aside as reasona...

February 13, 2025 51 Views 0 comment Print

Source of gift satisfactorily explained: ITAT deleted addition

Income Tax : In the matter abovementioned ITAT allowed the appeal of the assessee after deleting the addition made u/s 68 after observing the f...

February 13, 2025 84 Views 0 comment Print

Indian AE Transactions at Arm’s Length, HC Says No More Attribution

Income Tax : Respondent/assessee is a Irish company. It accordingly claimed benefits of the India-Ireland DTAA. ADIR is a wholly owned subsidia...

February 13, 2025 63 Views 0 comment Print


Latest Notifications


Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 66 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 116373 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 189 Views 0 comment Print

Income Tax Act: Section 285 Notification for Liaison Office Statement Filing

Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...

February 10, 2025 327 Views 0 comment Print

Income-Tax Rule 2F Amended for Infrastructure Debt Funds

Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...

February 7, 2025 339 Views 0 comment Print


Notification No. 13/2011 – Income Tax Dated 27/4/2011

April 27, 2011 802 Views 0 comment Print

Notification No. 13/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.854(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 7, Mid day meal project for students in the State of Madhya Pradesh by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai 400 049, as an eligible project or scheme for a period of two years beginning with financial year 2008-09;

Notification No. 12/2011 – Income Tax Dated 27/4/2011

April 27, 2011 387 Views 0 comment Print

Notification No. 12/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 853(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 60(E), dated the 22nd January, 2003, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 6, “Integrated Rural Development Project” by Bhansali Trust, 640-646, Panchratna Mama Parmanand Marg, Mumbai-400004, as an eligible project or scheme for a period of three years beginning with assessment year 2003-04; which was extended further vide Notification number S.O.1413(E), dated the 4th September, 2006 for a period of two years beginning with financial year 2006-07 and which was extended further vide Notification number S.O.1479(E), dated 17th June, 2008 for a period of three years beginning with financial year 2008-09;

Notification No. 11/2011 – Income Tax Dated 27/4/2011

April 27, 2011 963 Views 0 comment Print

Notification No. 11/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 852(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 20, Shree Navjeevan. (Vocational Training Programme, Medical camps and goods & cloth distribution) by Navjeevan Charitable Trust, 602, Shastri Hall, 292, J. Dadaji Road, Mumbai – 400007, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 10/2011 – Income Tax Dated 27/4/2011

April 27, 2011 366 Views 0 comment Print

Notification No. 10/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 851(E), DATED 27-4-2011 – WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 18, St. Gregorious International Cancer Care Centre (Research & Training) Centre for the Blind by St. Gregorious Medical Mission, Parumala PO, Pathanamthitta District, Kerala – 689626, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Etds – FVU 3.1 – Rounding Off problem leading to T-FV-4278 Error

April 27, 2011 23891 Views 0 comment Print

FVU 3.1 was launched on March 18,2011 and is applicable for Q4 eTDS Statements for FY 2010-11 and 2011-12. Many deductors are not able to create eTDS statement and are getting the following error: T-FV-4278 Invalid tax deducted amount. Enter valid tax deducted amount.

Notification No. 9/2011 – Income Tax Dated 27/4/2011

April 27, 2011 390 Views 0 comment Print

Notification No. 9/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 850(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E), dated 13th March, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 12, expansion of existing 100 bedded multi-speciality hospital (purchase of equipment, recurring cost and corpus fund) by H.M.S Education Society, Shetty Halli Road, Tumkur 572 102, Karnataka, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 8/2011 – Income Tax Dated 27/4/2011

April 27, 2011 306 Views 0 comment Print

NC Notification No. 8/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 849(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1237(E), dated the 28th October, 2003, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 1, “Construction of school and dispensary buildings, purchase of furniture, equipments and integrated development of the poor and marginalized especially the women and children in Trikkadavoor” by Shri C.J. Fernandez, Chooravilla Joseph Development Foundation, No. 54, Rest House Apartment, Rest House Road, Bangalore – 560001, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05 which was extended further vide Notification number S.O.1597(E), dated the 14th November, 2005 for a period of two years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 1309(E), dated the 4th June, 2008 for a period of three years beginning with financial year 2008-09 ;

Notification No. 7/2011 – Income Tax Dated 27/4/2011

April 27, 2011 301 Views 0 comment Print

Notification No. 7/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.848(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1124(E), dated the 29th September, 2003, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 6, “Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal” by Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, District Sabarkantha – 383326, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05; which was extended further vide Notification number S.O.1421(E), dated the 4th September, 2006 for a period of three years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 843(E), dated 25th March, 2009 for a period of three years beginning with financial year 2009-10;

Notification No. 6/2011 – Income Tax Dated 27/4/2011

April 27, 2011 256 Views 0 comment Print

Notification No. 6/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 847(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 60(E), dated the 22nd January, 2003, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 7, “Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project” by People for Animals, 14, Ashoka Road, New Delhi-110001, as an eligible project or scheme for a period of three years with assessment year 2003-04 which was extended further vide Notification number S.O.1599(E), dated the 14th November, 2005 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O.1466(E), dated 17th June, 2008 for a period of three years beginning with financial year 2008-09;

Notification No. 5/2011 – Income Tax Dated 27-4-2011

April 27, 2011 1111 Views 0 comment Print

Notification No. 5/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 846(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 458(E), dated the 30th March, 2006, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 11, “(a) Vocational training, (b) Education to a destitute child, (c) Out reach cancer care, (d) Detection Camps, (e) Palliative therapy” by Global Cancer Concern India, A-99, Defence Colony, New Delhi-110024, as an eligible project of scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1470(E), dated 17th June, 2008 for a period of three years beginning with financial year 2008-09 ;

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