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


Residential Status Rules for Individual Taxpayers in India

Income Tax : Learn how to determine the residential status for individual taxpayers in India under Income Tax Act 1961, including ROR, RNOR, an...

December 2, 2024 390 Views 0 comment Print

PAN 2.0: नया PAN कार्ड अपने ईमेल पर फ्री में कैसे प्राप्त करें? जानें पूरी प्रक्रिया

Income Tax : PAN 2.0 का ईमेल पर मुफ्त में आवेदन करें। जानें नया क्य�...

December 1, 2024 1323 Views 0 comment Print

National Leasing Ltd: Rental Income Taxed as Business Income

Income Tax : Bombay HC rules rental income of National Leasing Ltd. should be taxed as business income, overturning ITAT's decision based on it...

December 1, 2024 1047 Views 0 comment Print

Key Suggestions for Proposed Direct Tax Code 2025

Income Tax : Insights on the proposed Direct Tax Code 2025, focusing on exempt income, depreciation alignment, PAN issuance, and accounting bas...

November 29, 2024 1716 Views 0 comment Print

Taxability of Black Money under Income Tax Act 1961

Income Tax : Learn about the taxation of undisclosed foreign income & assets under the Black Money Act, 2015, including penalties and legal pro...

November 29, 2024 1068 Views 0 comment Print


Latest News


Women Income Tax Filers in India: State-wise Data

Income Tax : State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India....

November 28, 2024 1224 Views 0 comment Print

KSCAA Representation on CPC Processing Errors

Income Tax : KSCAA raises concerns over errors in CPC processing of returns and defective notices, requesting corrective actions for smoother t...

November 27, 2024 3753 Views 0 comment Print

Updated List of 29 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 29 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

November 27, 2024 38976 Views 4 comments Print

PAN 2.0 Project: CCEA Approval for Unified PAN/TAN Services

Income Tax : The PAN 2.0 Project simplifies PAN/TAN management with a unified platform, paperless processes, and faster services. Approved by C...

November 27, 2024 1170 Views 0 comment Print

Cabinet Approves PAN 2.0 Project for Taxpayer Services

Income Tax : Cabinet approves PAN 2.0 project to enhance taxpayer registration services through technology-driven transformation, improving ser...

November 26, 2024 1059 Views 0 comment Print


Latest Judiciary


Non-Adherence to Section 144B Procedure Renders Assessment Order Invalid: Bombay HC

Income Tax : Absence of adherence to procedure laid down in Section 144B of Income Tax Act render the assessment order patently illegal: Bombay...

December 2, 2024 Views 0 comment Print

Estimation of foreign bank account deposit accepted as bank statement not submitted: Delhi HC

Income Tax : A search was conducted on the premises of the Assessee on 17.10.2000 and a debit card of the overseas bank – Barclays Bank, PLC ...

December 2, 2024 69 Views 0 comment Print

Absence of Faceless Assessment Invalidates Section 148 notice: P&H HC

Income Tax : Punjab & Haryana HC invalidates SCN under Section 148 of the Income Tax Act due to the absence of faceless assessment mandated und...

December 2, 2024 507 Views 0 comment Print

Dispatch Register Entry Not Primary Evidence to Deny Section 154 Rectification

Income Tax : Orissa High Court rules against revenue for denying rectification due to alleged time bar, emphasizing lack of primary evidence of...

December 2, 2024 93 Views 0 comment Print

Sale of property taxable under capital gain as rent income assessed under house property

Income Tax : Held that the requirement of ensuring uniformity and consistency in tax assessments cannot be overlooked, especially while categor...

December 2, 2024 132 Views 0 comment Print


Latest Notifications


Section 92E Income Tax Return Due Date Extended to 15th December 2024

Income Tax : CBDT extends the due date for filing income tax returns under section 92E for AY 2024-25 from 30th November 2024 to 15th December ...

November 30, 2024 6285 Views 0 comment Print

Income Tax Rules Amendment: Safe Harbour for Diamond Sector

Income Tax : Notification No. 124/2024 revises Income Tax Rules, introducing safe harbour provisions for foreign companies selling raw diamonds...

November 29, 2024 273 Views 0 comment Print

Section 194N TDS Exemption for Foreign Diplomatic Entities in India

Income Tax : Foreign representations like UN agencies, consulates, and diplomatic missions are exempt from Section 194N of Income Tax Act under...

November 28, 2024 651 Views 0 comment Print

CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

Income Tax : The Ministry of Finance has notified the transfer of capital assets from NLCIL to NIRL under the Income-tax Act, effective from th...

November 27, 2024 417 Views 0 comment Print

Extension of date of Filing of Accounts to Maharashtra Charity Commissioner

Income Tax : 26.11.2024 Due date for online Filing of Audited Accounts with the Office of the Charity Commissioner, Maharashtra stands extended...

November 26, 2024 95835 Views 4 comments Print


Notification No. S.O.4(E)-Income Tax, Dated: 02.01.1987

January 2, 1987 229 Views 0 comment Print

This notification contains Amendment to Income-tax (Amendment) Rules, 1987 carried out on 2nd January, 1987 not reproduced here as it is already contained in the body of the Rules itself.

Circular No. 477-Income Tax dated 1-1-1987

January 1, 1987 510 Views 0 comment Print

Circular No. 477-Income Tax Explanatory Notes ESTATE DUTY (AMENDMENT) ACT, 1986 1. The Estate Duty (Amendment) Bill, 1986, as passed by both the Houses of Parliament during the last session, received assent of the President on 26th November, 1986, and has been published in the Gazette of India, Extraordinary, Part II, dated 27th November, 1986, as Act No. 49 of 1986

Notification No. S.O.517-Income Tax, Dated: 30.12.1986

December 30, 1986 334 Views 0 comment Print

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 notifies ” The Thrikkakara Kshetra Kshema Samithi, Cochin ” to be a place of public worship of renown throughout the State of Kerala under the said clause.

Notification No. S.O.254-Income Tax, Dated: 29.12.1986

December 29, 1986 337 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department or Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.250-Income Tax, Dated: 29.12.1986

December 29, 1986 286 Views 0 comment Print

That the said Association will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing its total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the concerned Commissioner of Income-tax.

Notification No. S.O.252-Income Tax, Dated: 29.12.1986

December 29, 1986 223 Views 0 comment Print

That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department or Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.251-Income Tax, Dated: 29.12.1986

December 29, 1986 247 Views 0 comment Print

That the said Institute will not receive any sum to be used for non-research activities such as establishment of planetarium and activities connected with education, training and the like under section 35(1)(ii). It will also not spend any sums received under section 35(1)(ii) towards the aforesaid activities.

Notification No. S.O.253-Income Tax, Dated: 29.12.1986

December 29, 1986 244 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department or Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.263-Income Tax, Dated: 29.12.1986

December 29, 1986 376 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Shri Sanatan Dharam Sabha Lakshmi Narain Temple Trust, New Delhi ” for the purpose of the said clause for the assessment years 1984-85 and 1985-86.

Notification No. S.O.264-Income Tax, Dated: 29.12.1986

December 29, 1986 283 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Shri Badrinath Kedarnath Temple Committee ” for the purpose of the said clause for the assessment years 1985-86 to 1987-88.

Sponsored
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031