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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 Section 194T TDS Rules: Impact on Taxpayers, Effective April 2025

Income Tax : New TDS Rules Under Section 194T: Impact on Taxpayers & Businesses – Effective from 1st April 2025 Introduction The Finance ...

March 18, 2025 225 Views 0 comment Print

AI, Automation, Recession, and Income Tax Law in India

Income Tax : Explore the economic impact of AI, automation, and recession on India. Understand how income tax laws may evolve to address unempl...

March 18, 2025 174 Views 0 comment Print

Key Tax Tasks to Complete Before March 31, 2025

Income Tax : Ensure tax compliance before March 31, 2025. Key tasks include filing returns, verifying TDS, updating accounts, and making necess...

March 18, 2025 2514 Views 0 comment Print

Key Income Tax Changes for Partnership Firms Starting April 1, 2025

Income Tax : Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandat...

March 18, 2025 4290 Views 0 comment Print

Tax Deduction at Source on Payments to Non-Residents

Income Tax : Learn about TDS on payments to non-residents, including business connection rules, royalty provisions, and significant economic pr...

March 17, 2025 4677 Views 0 comment Print


Latest News


Direct Tax & Advance Tax Collections for F.Y. 2024-25 as on 16.03.2025

Income Tax : India's direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains ...

March 17, 2025 417 Views 0 comment Print

CBDT Clarifies Guidance on Principal Purpose Test (PPT)

Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...

March 17, 2025 564 Views 0 comment Print

Corporate Tax Collection Trends & Foreign Investment Policies

Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...

March 16, 2025 102 Views 0 comment Print

Impact of New Income Tax Bill 2025 on Compliance & Revenue

Income Tax : The Income Tax Bill 2025 aims to simplify tax laws with no major policy changes. It enhances clarity, reduces ambiguities, and ali...

March 16, 2025 300 Views 0 comment Print

Govt Expects 12.65% Rise in Income Tax Collections Despite Tax Rate Cut

Income Tax : The Finance Bill 2025 projects a 12.65% rise in income tax collections despite tax cuts, with estimated receipts of ₹25.20 lakh ...

March 16, 2025 102 Views 0 comment Print


Latest Judiciary


ITAT Quashes Reassessment Due to Discrepancy in Reasons Provided

Income Tax : ITAT Mumbai quashes reassessment in Top Class Capital Markets Pvt Ltd Vs ACIT due to incomplete disclosure of reasons for reopenin...

March 18, 2025 141 Views 0 comment Print

ITAT Pune Directs CIT(A) to Decide Appeal on Merit

Income Tax : ITAT Pune remands Ask Chemicals India's appeal to NFAC, directing it to adjudicate on merits rather than dismissing for non-prosec...

March 18, 2025 42 Views 0 comment Print

Section 271C Penalty applies to both Non-Deduction & Non-Payment of TDS: Kerala HC

Income Tax : Kerala HC upheld the TDS penalty under Section 271C in US Technologies case, directing reconsideration of quantum. Read the detail...

March 18, 2025 51 Views 0 comment Print

Bombay HC: Unexplained Bank Credits Taxable under Sec 68, Orders Probe into Accommodation Entry Racket

Income Tax : Bombay HC rules unexplained bank credits are taxable under Sec 68. Orders probe into accommodation entry racket by Buniyad Chemica...

March 18, 2025 258 Views 0 comment Print

ITAT Delhi condone delay in appeal of 1086 days in Sanjay vs. ITO

Income Tax : Sanjay Vs ITO (ITAT Delhi) ITAT Delhi condone delay in appeal of 1086 days in Sanjay vs. ITO: Key Ruling on Reassessment Under Sec...

March 18, 2025 327 Views 0 comment Print


Latest Notifications


CBDT FAQs on Revised Guidelines for Compounding Offences

Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...

March 18, 2025 3345 Views 0 comment Print

CBDT notifies Power Finance Corp Zero Coupon Bond under section 2(48)

Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...

March 11, 2025 1077 Views 0 comment Print

High-Risk and Non PAN Transaction Cases: Insight Portal Guidelines

Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...

March 7, 2025 666 Views 0 comment Print

High-Risk CRIU/VRU Cases and proceedings under Sections 148/148A

Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...

March 7, 2025 651 Views 0 comment Print

Assessment & Investigation of Benami, Foreign Assets & TDS Cases

Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...

March 7, 2025 327 Views 0 comment Print


Notification No.314/2003 – Income Tax Dated 25/11/2003

November 25, 2003 232 Views 0 comment Print

Notification No.314 – Income Tax 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 “Export Promotion Council for Handicrafts, New Delhi” for the purpose of the said sub-clause for the assessment years

Notification No.315/2003 – Income Tax Dated 25/11/2003

November 25, 2003 304 Views 0 comment Print

Notification No.315 – Income Tax 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 “Council for Leather Exports, Chennai” for the purpose of the said sub-clause for the assessment years 1992-1993 to 1994-1995

Notification No.313/2003 – Income Tax Dated 25/11/2003

November 25, 2003 346 Views 0 comment Print

Notification No.313 – Income Tax 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 “Shri Dwarkadhishji Mandir, Dwarka-Distt. Jamnagar” for the purpose of the said sub-clause for the assessment years 1999-2000 to 2001-2002 subject to the following conditions, namely

Notification No.312/2003 – Income Tax Dated 25/11/2003

November 25, 2003 364 Views 0 comment Print

Notification No.312 – Income Tax 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 “All Bengal Women’s Union, Kolkata” for the purpose of the said sub-clause for the assessment years 1999-2000 to 2001-2002 subject to the following conditions, namely

Notification No.311/2003- Income Tax Dated 25/11/2003

November 25, 2003 331 Views 0 comment Print

Notification No.311- Income Tax 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 “Sree Padmanabhaswamy Temple Trust, Trivandrum” for the purpose of the said sub-clause for the assessment year 1995-1996 subject to the following conditions, namely

Notification No.309/2003 – Income Tax Dated 25/11/2003

November 25, 2003 340 Views 0 comment Print

Notification No.309 – Income Tax 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 “Calcutta Zoroastrian Community’s Religious and Charity Fund, Kolkata” for the purpose of the said sub-clause for the assessment years 2002-2003 to 2004-2005 subject to the following conditions, namely

Notification No.308/2003 – Income Tax Dated 25/11/2003

November 25, 2003 295 Views 0 comment Print

Notification No.308 – Income Tax 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 “Exhibition Society, Hyderabad” for the purpose of the said sub-clause for the assessment years 2002-2003 to

Notification No.307/2003 – Income Tax Dated 25/11/2003

November 25, 2003 436 Views 0 comment Print

Notification No.307 – Income Tax 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 “German Leprosy Relief Association Rehabilitation Fund, Chennai” for the purpose of the said sub-clause for the

Notification No.305/2003 – Income Tax Dated 24/11/2003

November 24, 2003 334 Views 0 comment Print

Notification No.305 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose 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

Notification No.304/2003 – Income Tax Dated 21/11/2003

November 21, 2003 280 Views 0 comment Print

Notification No.304 – Income Tax 1. 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 2004-2005

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