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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 3417 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 468 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 11640 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 1206 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 1908 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 2574 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 384 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 291 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 186 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 618 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 66 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 69 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 45 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 303 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 141 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 126 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 128415 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 342 Views 0 comment Print


Notification No. 11031/1999 – Income Tax Dated 18/8/1999

August 18, 1999 307 Views 0 comment Print

Notification No. 11031/1999 – Income Tax It is notified for general information that M/s Manipal Housing Finance Syndicate Limited, Manipal House, Manipal-576 119 (D.K) Karnataka, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000

Notification No. 11030/1999 – Income Tax Dated 18/8/1999

August 18, 1999 325 Views 0 comment Print

Notification No. 11030/1999 – 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 1999-2000, 2000-2001 and 2001-2002

S.195 TDS is deductible only on Taxable Portion

August 17, 1999 3792 Views 0 comment Print

Answers given by the High Court that (i) the assessee who made the payments to the three non-residents was under obligation to deduct tax at source under Section 195 of the Act in respect of the sums paid to them under the contracts entered into; and (ii) the obligation of the respondent-assessee to deduct tax under Section 195 is limited only to appropriate proportion of income chargeable under the Act, are correct.

Notification No. S.O.2339 – Income Tax Dated 12/8/1999

August 12, 1999 270 Views 0 comment Print

Notification No.S. O. 2339 – Income Tax It is notified for general information that Residency Housing Finance Limited, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1999-2000

Notification No. 11026/1999 – Income Tax Dated 12/8/1999

August 12, 1999 248 Views 0 comment Print

Notification No. 11026/1999 – Income Tax It is notified for general information that M/s Residency Housing Finance Limited, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000

Notification No. S.O.632(E) – Income Tax Dated 6/8/1999

August 6, 1999 351 Views 0 comment Print

Notification No.S.O. 632(E) – Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies equity shares to be issued within a period of one year from the date of publication of this notification in the Official Gazette for amounts not exceeding rupees sixty six crores by Reliance Ports and Teriminals Limited, a

Notification No. 11024/1999 – Income Tax Dated 6/8/1999

August 6, 1999 325 Views 0 comment Print

Notification No. 11024/1999 – Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies equity shares to be issued within a period of one year from date of publication of this notification in the Official Gazette for amounts not exceeding rupees sixty-six crores by M/s Reliance Ports and Terminals Limited

Notification No. S.O.627(E) – Income Tax Dated 4/8/1999

August 4, 1999 852 Views 0 comment Print

Notification No.S. O. 627(E) – Income Tax In exercise of the powers conferred by the second proviso to sub-section (4) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following industries in the North-Eastern Region to be the industries for the purposes of said proviso, namely

Notification No. 11022/1999 – Income Tax Dated 4/8/1999

August 4, 1999 367 Views 0 comment Print

Notification No. 11022/1999 – Income Tax In exercise of powers conferred by the second proviso to sub-section (4) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Government, hereby notifies the following industries in the North-Eastern Region to be the industries for the purposes of said proviso, namely

Notification No. S.O.595(E) – Income Tax Dated 23/7/1999

July 23, 1999 336 Views 0 comment Print

Notification No.S. O. 595(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies tax free bonds of the National Housing Bank-Swarna Jayanti Rural Housing Finance, 1998-99 (Second Series) of Rs. 1,00,000 each carrying an interest of 9,15% per annum for a period of 7-years for an

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