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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


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 6291 Views 0 comment Print

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 1164 Views 0 comment Print

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 13095 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 2490 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 3927 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 14, 2025 3057 Views 0 comment Print

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 813 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 654 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 201 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 657 Views 0 comment Print


Latest Judiciary


Demonetization Cash Deposit: ITAT Bangalore Orders Merit-Based Review

Income Tax : ITAT Bangalore remands case concerning cash deposits during demonetization, directing the AO to re-assess the addition u/s 69A aft...

February 14, 2025 12 Views 0 comment Print

Low Tax Effects: ITAT Delhi Dismisses Income Tax Appeal

Income Tax : ITAT Delhi dismisses Revenue's appeal in ACIT vs Hindukush Construction Pvt. Ltd. (AY 2016-17) due to low tax effect under CBDT Ci...

February 14, 2025 15 Views 0 comment Print

Survey Statement Not Sole Basis for Income Addition: ITAT Mumbai

Income Tax : ITAT Mumbai allows Hotel Deepak's appeal, holding that a survey statement u/s 133A can't be the sole basis for income addition wh...

February 14, 2025 27 Views 0 comment Print

Personal funds were utilized to conduct transactions on NSEL platform: ITAT deleted addition

Income Tax : In the matter aforementioned ITAT deleted addition made on account of Client Code Modification after observing that assessee utili...

February 14, 2025 24 Views 0 comment Print

Section 143(1) Adjustment Infructuous After 143(3) Scrutiny Assessment

Income Tax : ITAT Mumbai rules that a Section 143(1) adjustment becomes infructuous once a regular assessment under Section 143(3) is complete...

February 14, 2025 51 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 141 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 130218 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 192 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 333 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 348 Views 0 comment Print


Notification No. 1755/2000-Income Tax Dated 13/7/2000

July 13, 2000 319 Views 0 comment Print

Notification No. 1755-Income Tax It is notified for general information that the enterprises/industrial undertakings, listed at para (3) below have 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 1999-2000, 2000-2001 and 2001-2002.

Notification No. 650(E)/2000-Income Tax Dated 10/7/2000

July 10, 2000 1450 Views 0 comment Print

Notification No 650(E)-Income Tax Whereas the Convention between the Republic of India and the French Republic for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital came into force on the 1st day of August, 1994, after the notification by both the Contracting States to each other of the completion of the procedures required under their laws for bringing into force the said Convention.

Notification No. 640(E)/2000-Income Tax Dated 5/7/2000

July 5, 2000 190 Views 0 comment Print

Notification No. 640(E)-Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :- This notification contains amendment to Income-tax Act, 1961, carried out on 5th July, 2000 not reproduced here as it is already contained in the body of the act itself.

Notification No. 644(E)/2000-Income Tax Dated 5/7/2000

July 5, 2000 379 Views 0 comment Print

Notification No. 644(E)-Income Tax In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Insurance Regulatory and Development Authority for the purpose of the said sub-clause.

Estate of Ambalal Sarabhai vs CIT (Gujarat High Court)

July 4, 2000 1305 Views 0 comment Print

The Tribunal, Ahmedabad Bench, has referred the following questions in respect of the asst. yrs. 1972-73 and 1973-74 for the consideration of the High Court under s. 256(1) of the IT Act, from the Tribunal’s order dt. 18th August 1981, and 20th August 1983, the later being question on the ground which was raised but through oversight not decided in the earlier order by the Tribunal.

Notification No. 1488/2000-Income Tax Dated 27/6/2000

June 27, 2000 394 Views 0 comment Print

Notification No. 1488-Income Tax In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Arulmigu Nellaiappar and Arultharum Khanthimathi Ambal Thirukovil Temple, Madurai, Tamil Nadu to be a place of public worship of renown throughout the State of Tamil Nadu for the purpose of the said section.

Notification No. 1540/2000-Income Tax Dated 26/6/2000

June 26, 2000 391 Views 0 comment Print

Notification No. 1540-Income Tax It is notified for general information that enterprises listed at para (3) below have 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 1999-2000, 2000-2001 and 2001-2002.

Circular No. 793/2000-Income Tax Dated 23-6-2000

June 23, 2000 721 Views 0 comment Print

Circular No. 793-Income Tax The Board has received various representations seeking clarification whether structures at ports for storage, loading and unloading etc. will fall under the definition of “port” for the purposes of sections 10(23G) and 80-IA of the Income-tax Act, 1961.

Circular No. 792/2000-Income Tax Dated 21-6-2000

June 21, 2000 412 Views 0 comment Print

Circular No. 792-Income Tax In exercise of the powers conferred under section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes have made amendments to the Income-tax Rules, 1962, vide Notifications dated 11-5-2000, whereby certain changes have been effected in the Income Tax Return Form Nos. 2A, 2B, 2C, 2D(Saral), 3 and 3A as well as in Wealth tax and Expenditure tax return forms.

Notification No. 585(E)/2000-Income Tax Dated 21/6/2000

June 21, 2000 328 Views 0 comment Print

Notification No. 585(E)-Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (17) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following rectification in the Notification No. S.O. 695(E) issued by the Central Board of Direct Taxes in F. No. 200/134/93-ITA-I, dated 3rd October, 1997, which was issued notifying the constituency allowance received

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