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


Section 194H Applicability on Commission of E-Commerce Operators

Income Tax : The introduction of Section 194O in the Income Tax Act, 1961 for e-commerce transactions, has created certain overlaps with Sectio...

February 11, 2025 57 Views 0 comment Print

Budget 2025 Amendments to Section 72A: Impact on Tax Loss Carry-Forward

Income Tax : Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its im...

February 11, 2025 66 Views 0 comment Print

Nil Tax Up To Rs. 12 Lakhs Income (FY 2025-26); Tax Computation With Illustrations & FAQs

Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...

February 11, 2025 2952 Views 0 comment Print

Enhanced Limits for Partners Remuneration: Section 40(b) & 194T

Income Tax : Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective A...

February 11, 2025 1806 Views 0 comment Print

2 Residential Houses: Income Tax issue simplified in budget 2025-26?

Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...

February 10, 2025 1503 Views 0 comment Print


Latest News


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 10377 Views 2 comments Print

Union Cabinet Approves New Income Tax Bill 2025 to Replace 1961 Act

Income Tax : Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India's tax system by replacing the 1961...

February 8, 2025 12876 Views 1 comment Print

CBI Files Case Against 3 Tax Officials, 5 CAs for Sabotaging Faceless Tax Scheme

Income Tax : CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches...

February 7, 2025 12270 Views 0 comment Print

India’s Tax Arrears Reach ₹42.64 Lakh Crore

Income Tax : India's tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litiga...

February 6, 2025 42 Views 0 comment Print

Decriminalization of Minor Direct Tax Offenses in India

Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...

February 6, 2025 66 Views 0 comment Print


Latest Judiciary


No Foreign Tax Credit Denial for Filing Belated Form 67: ITAT Pune

Income Tax : ITAT Pune rules that late filing of Form 67 does not bar foreign tax credit under Section 90. Read about the case of Shashank Sada...

February 11, 2025 36 Views 0 comment Print

Non-Consideration of Grounds & Inadequate Hearing: ITAT Remands Case to CIT(A)

Income Tax : ITAT Ahmedabad sets aside CIT(A)'s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing ...

February 11, 2025 252 Views 0 comment Print

₹2.44 Crore Cash Deposit addition: ITAT orders Fresh Adjudication

Income Tax : ITAT Bangalore remits the case of Gold Palace Jewellers back to CIT(A) for fresh consideration, citing a 4-year delay and lack of ...

February 11, 2025 159 Views 0 comment Print

ITAT Upholds CIT’s Section 263 Invocation on Genuineness of Receipts & Expenditures

Income Tax : ITAT Pune confirms CIT's order under Section 263, finding errors in reassessment proceedings for Gourishankar Education Society. A...

February 11, 2025 87 Views 0 comment Print

Section 68 Limited to Current Year Cash Credits: ₹2 Cr Addition Deleted

Income Tax : ITAT Mumbai rules in favor of B. Braun Medical India, deleting ₹2 Cr addition u/s 68, citing it as an advance payment, not unexp...

February 11, 2025 171 Views 0 comment Print


Latest Notifications


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 123 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 246 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 249 Views 0 comment Print

CBDT Shares Taxpayer Data for PMGKAY Eligibility

Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...

February 4, 2025 2577 Views 0 comment Print

Finance Bill, 2025 – Budget 2025 (Read Full)

Income Tax : BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS IN...

February 1, 2025 5307 Views 0 comment Print


Notification No. 137/2005-Income Tax, Dated: 04.05.2005

May 4, 2005 331 Views 0 comment Print

In exercise of powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the The Malankara Othodox Syrian Church, Kottayam, Kerala for the purpose of the said sub-clause for the assessment year 2002-2003 to 2004-2005 subject to the following conditions

Imposes safeguard duty for a period of 3 yrs on imports of Tapioca Starch into India

May 2, 2005 550 Views 0 comment Print

WHEREAS in the matter of import of Tapioca Starch, falling under sub-heading 1108 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (here-in-after referred to as the said Act), the Director General (Safeguards), in final findings vide number G.S.R.180 (E), dated the 17th March, 2005, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 17th March, 2005

Notification No.136/2005 – Income Tax Dated 29/4/2005

April 29, 2005 402 Views 0 comment Print

Notification No.136/2005 – Income Tax It is notified for general information that the enterprise/undertaking, Krishna Bhagya Jala Nigam Ltd, PWD Offices Annexe, 3rd Floor, K.R. Circle, Bangalore-560001, 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 execution of Irrigation Projects on Krishna

Notification No.135/2005 – Income Tax Dated 29/4/2005

April 29, 2005 321 Views 0 comment Print

Notification No.135/2005 – Income Tax It is hereby notified for general information that the organization Vivekananda Institute of Bio-technology, (a branch unit of Sri Ramkrishna Ashram, Nimpith), P.O. Nimpith Ashram, Distt. South 24-Parganas, West Bengal-743338 has been approved by the Central Government for the purposes of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961, read with rule 6 of the Income tax Rules, 1962 for the period from 1.4.2002 to 31.3.2005 under the category, university, college or other

Notification No.134/2005 – Income Tax Dated 28/4/2005

April 28, 2005 342 Views 0 comment Print

Notification No.134/2005 – Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as said Act), has framed, and notified a scheme for industrial park, by the notification of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and

Notification No. 133/2005-Income Tax, Dated: 26.04.2005

April 26, 2005 307 Views 0 comment Print

In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act,-1961 (43 of 1961), the Central Government hereby notifies the Tibetan Homes Foundation, New Delhi for the purpose of the said sub-clause for the assessment year 2004-2005 to 2006-2007 subject to the following conditions

Notification No. 132/2005-Income Tax, Dated: 19.04.2005

April 19, 2005 295 Views 0 comment Print

In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the of Adhi Prasakthi Charitable, Medical Educational & Cultural Trust, Melmaruvathur, Tamilnadu for the purpose of the said sub-clause for the assessment years 2006-2007 to 2008-2009 subject to the following conditions

Notification No. 131/2005-Income Tax, Dated: 19.04.2005

April 19, 2005 316 Views 0 comment Print

In exercise of powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax. Act, 1961 (43 of 1961), the Central Government hereby notifies the Srimajjagadguru Madhwacharya Moolamahasamsthana Uttaradi Math, Dharwad for the purpose of the said sub-clause for the assessment year 2002-2003 to 2004-2005 subject to the following conditions

Notification No.130/2005 – Income Tax Dated 15/4/2005

April 15, 2005 366 Views 0 comment Print

Notification No.130/2005 – Income Tax It is hereby notified for general information that the organization Shanmugha Arts, Science, Technology & Research Academy (SASTRA) “Lakshmi Nivas”, No. 5, Main Road, Dr. Subbarayan Nagar, Kodambakkam, Chennai-600024 has been approved by the Central Government for the purposes of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961, read with rule

Rescinds notification No.94/2002-Customs, dated 09.09.2002, which imposed anti-dumping duty on Vitamin AB2D3K

April 13, 2005 340 Views 0 comment Print

Therefore, in exercise of powers conferred by sub-section (1), read with sub-section (5) of section 9A of the said Customs Tariff Act and rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.94/2002-Customs, dated the 9th September, 2002.

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