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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


Computation of Income Tax: FAQs & Examples

Income Tax : Have questions about income tax payment? Read this article to find answers to frequently asked questions about income tax, includi...

August 27, 2024 357666 Views 22 comments Print

FAQs on Assessments under Income-tax Law

Income Tax : Explore common FAQs on income tax assessments, including types, procedures, and time limits for sections 143, 144, and 147....

August 27, 2024 78519 Views 7 comments Print

Carry Forward and Set Off of Losses with FAQs

Income Tax : Learn about tax loss adjustments, including intra-head and inter-head, carry forward rules, and restrictions on set-offs under Ind...

August 27, 2024 1528318 Views 129 comments Print

Clubbing of Income under Income Tax Act, 1961 with FAQs

Income Tax : Learn about clubbing of income under Indian tax laws, where income of one person is included in another's taxable income, includin...

August 27, 2024 891340 Views 80 comments Print

Taxation of Capital Gain in India – FAQs

Income Tax : Learn what constitutes capital gains, how they are taxed, the types of capital assets, and distinctions between short-term and lon...

August 27, 2024 479008 Views 165 comments Print


Latest News


Join 5-Day Live & Online Income Tax Audit Course with Practical Examples

Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...

August 23, 2024 1077 Views 0 comment Print

Live Course: Handling Faceless Income Tax Assessment with AI Tools like ChatGPT

Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...

August 23, 2024 1644 Views 0 comment Print

CBDT Central Action Plan 2024-2025

Income Tax : The Central Action Plan 2024-2025 by CBDT aims to optimize India's direct tax system, focusing on revenue, litigation, taxpayer se...

August 22, 2024 1269 Views 0 comment Print

Tax Audit Under Income Tax Act: Detailed Live Course with Practical Insights – Starting Today

Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...

August 19, 2024 3321 Views 0 comment Print

Direct Tax Collections FY 2024-25 Reach Rs. 6.93 Lakh Crores as on 11.08.2024

Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...

August 13, 2024 303 Views 0 comment Print


Latest Judiciary


Failure to furnish corroborative documentary evidence proving cash sales before CIT(A): matter remanded

Income Tax : ITAT Ahmedabad held that matter needs to be remanded back as assessee failed to furnish corroborative documentary evidence to prov...

August 27, 2024 12 Views 0 comment Print

Penalty u/s. 271(1)(c) not sustained as notice failed to specify particular limb: ITAT Mumbai

Income Tax : ITAT Mumbai held that notice issued u/s. 274 r.w.s. 271(1)(c) of the Income Tax Act without specifying the particular limb is unsu...

August 27, 2024 12 Views 0 comment Print

Delay in filing audit report in Form-10B should be condoned without being too hyper technical: Kerala HC

Income Tax : Kerala High Court held that condonation application for delay in filing the audit report in Form-10B should have been considered ...

August 27, 2024 12 Views 0 comment Print

ITAT Mumbai Deletes Section 11(1A) Disallowance on Sale Consideration Investment

Income Tax : ITAT Mumbai deletes disallowance of capital gains by DCIT after confirming investment in property with Charity Commissioner approv...

August 26, 2024 75 Views 0 comment Print

Addition u/s. 69A and 68 without finding any fault with evidence is unlawful: ITAT Mumbai

Income Tax : ITAT Mumbai held that confirmation of addition u/s. 69A and 68 of the Income Tax Act without finding any fault with the evidence s...

August 26, 2024 69 Views 0 comment Print


Latest Notifications


Income Tax: New Guidelines for Filing application under section 10(46A)

Income Tax : Finance Act 2023 updates the process for filing applications under Section 10(46A) of the Income-tax Act. Standardized procedures ...

August 20, 2024 3636 Views 0 comment Print

President Assents Finance (No 2) Bill, 2024 i.e. Finance (No. 2) Act, 2024

Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...

August 18, 2024 2217 Views 0 comment Print

Finance (No. 2) Bill, 2024 – As Passed by Lok Sabha on 7.8.2024

Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...

August 13, 2024 3993 Views 0 comment Print

Guidelines for Handling High-Risk PAN Cases in Insight Portal

Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...

August 12, 2024 13332 Views 0 comment Print

Income Tax Exemption for UIDAI’s Specified Income 2024-2029

Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...

August 12, 2024 339 Views 0 comment Print


Notification No. 359/2002-Income Tax Dated 2/12/2002

December 2, 2002 2140 Views 0 comment Print

Notification No. 359-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby specifies the “REC 54EC Capital Gains Tax Exemption Bonds” issued by the Rural Electrification Corporation Limited, New Delhi for the purposes of the said clause

Notification No. 355/2002-Income Tax Dated 29/11/2002

November 29, 2002 274 Views 0 comment Print

Notification No. 355-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004.

Notification No. 354/2002-Income Tax Dated 29/11/2002

November 29, 2002 238 Views 0 comment Print

Notification No. 354-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004.

Notification No. 357/2002-Income Tax Dated 29/11/2002

November 29, 2002 485 Views 0 comment Print

Notification No. 357-Income Tax In exercise of the -powers conferred by Explanation I to section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following games and sports for the purposes of the said section in respect of the assessment year 2003-2004 and subsequent assessment years

Notification No. 352/2002-Income Tax Dated 27/11/2002

November 27, 2002 313 Views 0 comment Print

Notification No. 352-Income Tax It is notified for general information that enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.

Notification No. 353/2002-Income Tax Dated 27/11/2002

November 27, 2002 376 Views 0 comment Print

Notification No. 353-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.

Circular No. 11/2002-Income Tax Dated 22-11-2002

November 22, 2002 2404 Views 0 comment Print

Circular No. 11 of 2002-Income Tax Vide Circular No. 3/2002, CBDT had allowed Ramakrishna Math and Ramakrishna Mission, Kolkata, to receive incomes without tax deduction at source under sections 193, 194A and 194K. In para 2 of the said Circular it has been stated that the incomes by way of interest on securities of the Central and State Governments may be paid to the said assessees without tax deduction at source.

Circular No. 12/2002-Income Tax Dated 22-11-2002

November 22, 2002 889 Views 0 comment Print

Circular No. 12 of 2002-Income Tax The matter regarding grant of exemption from deduction of income-tax at source under sections 194A, 194-I and 194K of the Income-tax Act on the payment of incomes to Shri Sathya Sai Central Trust, Sri Sathya Sai Medical Trust and Shri Sathya Sai Institute of Higher Learning, Bangalore, whose incomes are exempt for assessment years 2002-03 to 2004-05

Notification No. 349/2002-Income Tax Dated 22/11/2002

November 22, 2002 238 Views 0 comment Print

Notification No. 349-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003 -2004 and 2004-2005.

Notification No. 348/2002-Income Tax Dated 22/11/2002

November 22, 2002 241 Views 0 comment Print

Notification No. 348-Income Tax In exercise of the powers conferred in clause 23(G) Of Section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following correction in the name of the enterprise approved vide Notification No. 308/2002 dt. 22nd Oct., 2002.

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