Sponsored
    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


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 4872 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 123 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 351 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 792 Views 0 comment Print

New Income Tax Bill, 2025: Important Key Points

Income Tax : Learn key updates in the New Income Tax Bill, 2025, effective April 2026. Covers tax year, compliance, deductions, international t...

February 12, 2025 3360 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 1401 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 114 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 246 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 33 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 10644 Views 2 comments Print


Latest Judiciary


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 30 Views 0 comment Print

Transactions between the assessee and its Indian AE found to be at AL in TP adjustment: HC held no further 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 27 Views 0 comment Print

Matter remain uncompiled due to accident of CA: ITAT remanded back the matter

Income Tax : In the matter abovementioned ITAT allowed appeal of the assessee for statistical purpose by way of remand after considering that a...

February 13, 2025 45 Views 0 comment Print

Taxpayer is obligated to furnish sufficient data on comparable transaction related to foreign AE: ITAT remanded matter

Income Tax : In the matter above-mentioned ITAT partly allowed the appeal filed by the assessee by remanded it back to file of TPO after consid...

February 13, 2025 42 Views 0 comment Print

Section 148 Notice Procedure Must Be Completed Within Section 149 Timeframe: Delhi HC

Income Tax : Therefore, the procedure that is required to be completed for issuance of notice under Section 148 of the Act is required to be co...

February 12, 2025 195 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 9 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 91503 Views 3 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 183 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 321 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 327 Views 0 comment Print


Implications of amendment in Section 43B to taxpayers and SMEs

February 6, 2024 1716 Views 0 comment Print

Understand the impact of the Section 43B amendment on taxpayers and SMEs in India. Learn about deductions, compliance, and implications for businesses dealing with micro and small enterprises.

How to Check MSME Registration by PAN number

February 6, 2024 318120 Views 6 comments Print

Discover the seamless process to check MSME registration by PAN number. Learn step-by-step methods and alternatives, ensuring compliance with Section 43B(h) of the MSMED Act. Verify your suppliers effortlessly.

Notification No. 20/2024-Income Tax Dated: 6th February, 2024

February 6, 2024 9759 Views 1 comment Print

Stay updated on changes to the Income Tax Act with Notification No. 20/2024, issued by the Ministry of Finance. Learn about the amendments made under Section 118.

No reassessment u/s 147 on account of receipt of significant share premium as it lacked tangible evidence

February 6, 2024 1389 Views 0 comment Print

Reassessment notice issued under section 148 on the ground that how a newly incorporated company could command a significant share premium, was purely hypothetical and lacked tangible evidence and that could not be a tangible material for arriving at reason to believe escapement of income.

Urban Agricultural Land Sales Subject to Capital Gains Tax: ITAT Delhi

February 6, 2024 2724 Views 0 comment Print

Explore the ITAT Delhi’s decision in Dharam Pal Saini vs PCIT, upholding revision proceedings u/s 263 of the Income Tax Act. Learn about the assessment on sale of urban agricultural land and its implications on capital gains tax.

Draft Format of letter for filing objection to Section 148 Income Tax notice

February 6, 2024 18708 Views 0 comment Print

Learn how to draft a letter objecting to a notice under Section 148 of the Income Tax Act, 1961. Understand the legal aspects, necessary documentation, and key considerations.

Amendment to section 43B w.r.t. payment to Micro or Small Enterprises

February 6, 2024 5838 Views 0 comment Print

Explore amended Section 43B of Income Tax Act, 1961, focusing on payments to Micro or Small Enterprises. Learn criteria, time limits, and implications for traders. Stay informed!

Section 43B(h): Impact on Expenses under Income Tax Act & MSME Regulations

February 5, 2024 6585 Views 0 comment Print

Navigate the intricacies of Section 43B(h) of the Income Tax Act, 1961, alongside the MSME Act, 2006, and Companies Act, 2013. Uncover the impact on books, tax audits, and compliance.

Payment to MSMEs in 45/15 Days: Section 43B(h) Explained

February 5, 2024 225798 Views 9 comments Print

Explore the impact of Finance Act, 2023, on MSME payment enforcement under section 43B(h) of the Income Tax Act, 1961. Understand MSMED Act provisions, payment periods, interest rates, and the intersection with income tax regulations.

Decoding MAT: Unraveling Minimum Alternate Tax Landscape in India

February 5, 2024 1170 Views 0 comment Print

Unveiling the intricacies of Minimum Alternate Tax (MAT) in India. Understand its purpose, computation, and recent developments. Navigate the tax landscape with clarity.

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728