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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


An Overview of New Income Tax Bill, 2025

Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...

February 13, 2025 225 Views 0 comment Print

New Income Tax Bill 2025: FAQs on Key Changes

Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...

February 13, 2025 450 Views 0 comment Print

New Income Tax Bill 2025: General FAQs and Broad Scope

Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...

February 13, 2025 1428 Views 0 comment Print

New Income Tax Bill 2025 – Key Takeaways

Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...

February 13, 2025 2997 Views 0 comment Print

Unexplained Cash Credits & Section 68: Tax & Legal Aspects

Income Tax : Learn about unexplained cash credits under Section 68, tax implications, key legal cases, and compliance requirements to avoid pen...

February 13, 2025 123 Views 0 comment Print


Latest News


Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 291 Views 0 comment Print

New Income-Tax Bill 2025: Section Mapping & Updates

Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...

February 13, 2025 213 Views 0 comment Print

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 2526 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 171 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 594 Views 0 comment Print


Latest Judiciary


Allahabad HC Quashes Section 154 Orders for Laconic Reasoning, Natural Justice Breach

Income Tax : Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered....

February 13, 2025 57 Views 0 comment Print

SC: Govt. Grant Interest Taxable (SLP Dismissed)

Income Tax : Supreme Court dismisses Bihar Police Building Construction Corporation's tax appeal due to significant delay....

February 13, 2025 60 Views 0 comment Print

Interest on Govt. Grants Taxable as Income From Other Sources: Patna HC

Income Tax : Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt....

February 13, 2025 36 Views 0 comment Print

SC dismisses ACIT’s appeal against reassessment due to delay & lack of merit

Income Tax : Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperfor...

February 13, 2025 285 Views 0 comment Print

Bombay HC Quashes Reassessment Notice for Section 151 Approval without mind application

Income Tax : Bombay High Court quashes reassessment notice in Teleperformance case due to lack of application of mind in granting approval unde...

February 13, 2025 123 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 120 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 127131 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 330 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 342 Views 0 comment Print


Revised draft of Direct tax code will be available for comments soon

May 13, 2010 645 Views 0 comment Print

The revised draft of the Direct Tax Code (DTC), that will replace the Income Tax Act, will be available for comments soon before it is finalised and placed before Parliament for its approval, possibly in the winter session.

Direct tax Collection for 2009-10 may fall short of target

May 13, 2010 468 Views 0 comment Print

The direct tax collection for 2009-10 is likely to be around Rs 3.80 lakh crore, missing the revised target by Rs 7,000 crore (Rs 70 billion). “The final figure will be available in mid-May when all the transactions are compiled. As on date it is somewhere around Rs 3.78 lakh crore…it may be Rs 3.80 lakh crore,” Central Board of Direct Taxes (CBDT) chairman S S N Moorthy said at an Assocham seminar.

Download ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 for A.Y. 2010-11

May 13, 2010 7946 Views 0 comment Print

CBDT notifies all ITR forms for A.Y. 2010-11. E-filing for AY 2010-11 will commence shortly. Relevant Tags:-income tax forms, Income Tax Return, Income Tax Return form for A.Y. 2010-11, ITR for A.Y. 2010-11, Income Tax Return form for F.Y. 2009-10, ITR 1 in Pdf Format, ITR 2 in Pdf Format, ITR 3 in Pdf Format, ITR 4 in Pdf Format, ITR 5 in Pdf Format, ITR 6 in Pdf Format, ITR 7 in Pdf Format, ITR 8 in Pdf Format, ITR for F.Y. 2009-10, ITR in Pdf Format for F.Y. 2010-11, ITR V in Pdf Format, IT acknowledgement in Pdf Format, Saral II in pdf Format, Saral II in Pdf Format

Income tax Department raids Educational institution SIES

May 13, 2010 1623 Views 0 comment Print

The income tax (I-T) department raided the premises of the South Indian Education Society (SIES) and the residences of some of its office-bearers in an operation that continued till late evening on Tuesday. This is probably the first time an educational institution in the city has been raided by I-T officials.

Notification No. 5-5/2009-Income Tax Dated 13/5/2010

May 13, 2010 313 Views 0 comment Print

Notification No. 5-5/2009-Income Tax The Government of India, hereby notifies the issue of 7.64 per cent (Seven point sixty-four per cent) Government of India (National Small Savings Fund) (Non-transferable) Special Securities, 2029 (hereinafter called “special securities”).

I-T raid at the residence and office of father-in-law of film actor Bobby Deol

May 13, 2010 1111 Views 0 comment Print

The Income Tax (I-T) department on Tuesday raided the residence and office of Devendra Ahuja alias Dev, promoter of Centurion Bank and MD of 20th Century Finance company. Ahuja is also the father-in-law of film actor Bobby Deol. I-T officials have recovered documents which show the 74-year-old had transferred a major part of his property to his daughter Tanya, wife of Bobby Deol, following which the officials recorded Tanya’s statement on the matter.

Government Planning Tax-saving deposit scheme to fund loans to students, educational institutions

May 13, 2010 729 Views 0 comment Print

The government is drawing up a tax-saving bank deposit scheme that will raise funds for cheap loans to educational institutions and students aspiring to become doctors, engineers, fashion designers and software engineers. The human resource development ministry discussed the proposal with the Planning Commission last week, and in the next one month, the concept will be crystallised, minister Kapil Sibal told.

DTC cast burden on accused to prove source or origin of hawala transactions

May 13, 2010 783 Views 0 comment Print

The income-tax authorities may soon get sweeping powers to investigate and prosecute those suspected of hawala transactions, creating a strong deterrent for the channel used extensively for money laundering. The proposed changes are likely to be included in the direct taxes code and could shift the burden of proof on the accused, said an income tax department official.

IPL Payers not having PAN may loose 1/5th of the earning as TDS

May 11, 2010 1168 Views 0 comment Print

The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay penal tax on their cricket related earnings in India.

Top Income Tax officers leaving job to join Private Sector

May 11, 2010 7882 Views 0 comment Print

CLOSE on the heels of the voluntary retirements of a dozen officers two months ago, another set of officers from the Indian Revenue Service (IRS), the finance ministry’s arm for collecting direct taxes, have put in their papers. Many of the officers, it is learnt, are likely to take up more lucrative posts with the private sector, sooner or later.

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