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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


Income from Business and Profession under Income Tax Act 1961

Income Tax : In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Busines...

March 13, 2025 654 Views 0 comment Print

Unlocking Mysteries of Gross Total Income and Income Tax Deductions

Income Tax : The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, acquiring a...

March 13, 2025 1182 Views 0 comment Print

New Tax Slabs FY 2025-26: Revised Tax Rates & Key Changes

Income Tax : Check the updated tax slabs for FY 2025-26. Know the new tax rates, rebate changes, exemption limits, and comparison with the old ...

March 13, 2025 1548 Views 0 comment Print

New Tax Regime vs. Old Tax Regime: Which One is Better for You?

Income Tax : Compare India's old and new tax regimes. Learn about tax slabs, deductions, and which option suits your income and investment habi...

March 13, 2025 351 Views 0 comment Print

Understanding Concept of Tax Deducted at Source (TDS) in India

Income Tax : Learn about Tax Deducted at Source (TDS) in India, its applicability, key sections, deduction process, penalties, and recent updat...

March 13, 2025 252 Views 0 comment Print


Latest News


Pendency of 5,49,042 Appeals Before CIT(A)/NFAC: Request for Early Disposal

Income Tax : AIFTP urges swift disposal of 5,49,042 income-tax appeals pending with NFAC/CIT(A), some for over 5 years, to alleviate taxpayers'...

March 11, 2025 6693 Views 0 comment Print

Updated List of 30 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

March 7, 2025 40629 Views 4 comments Print

Advance Tax Installments/Payments of taxes

Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...

March 5, 2025 6774 Views 0 comment Print

Include ‘Cost Accountant’ in definition of ‘Accountant’ under Income Tax Bill 2025: ICMAI

Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...

February 21, 2025 10716 Views 0 comment Print

Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 12204 Views 0 comment Print


Latest Judiciary


Penny Stock: No Sections 68 & 69 Additions Solely on Suspicion or General Trends

Income Tax : ITAT Delhi overturns tax addition in Puja Gupta Vs ITO, ruling that share transactions were genuine. Revenue's reliance on suspici...

March 14, 2025 186 Views 0 comment Print

ITAT allows Section 10(38) Exemption on LTCG from Sell of Shares of Midland Polymers 

Income Tax : ITAT Mumbai rules in favor of Ramesh Rikhavdas Shah, rejecting AO’s additions on alleged penny stock transactions and commission...

March 14, 2025 45 Views 0 comment Print

ITAT allows Withdrawal of Appeals as taxpayer opted for Vivad Se Vishwas Scheme

Income Tax : ITAT Pune dismisses DCIT’s appeal against Danfoss Power Solutions as the company opts for the Vivad Se Vishwas Scheme to settle ...

March 14, 2025 63 Views 0 comment Print

Capital gains tax payable if demerger fails to fulfill Section 2(19AA) conditions

Income Tax : ITAT Ahmedabad issues ruling on Reckitt Benckiser’s tax appeal regarding demerger compliance under Section 2(19AA) and capital g...

March 14, 2025 39 Views 0 comment Print

Capital R&D Expenditure Allowed U/s 35(1)(iv), Weighted Deduction Denied for Lack of DSIR Approval

Income Tax : ITAT Chennai rules on Ashok Leyland's tax appeal regarding R&D deductions under Section 35(2AB). The tribunal allows partial relie...

March 14, 2025 45 Views 0 comment Print


Latest Notifications


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 945 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 630 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 603 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 309 Views 0 comment Print

Income Tax Department identifies High-Risk Non-Filers for AY 2019-22

Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...

March 7, 2025 9636 Views 0 comment Print


Notification No. 11113/1999 – Income Tax Dated 1/11/1999

November 1, 1999 328 Views 0 comment Print

Notification No. 11113/1999 – Income Tax It is notified for general information that the 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 year 2000-2001

Notification No. 11110/1999 – Income Tax Dated 25/10/1999

October 25, 1999 418 Views 0 comment Print

Notification No. 11110/1999 – Income Tax It is notified for general information that 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. 1385/1999 – Income Tax Dated 21/10/1999

October 21, 1999 391 Views 0 comment Print

Notification No. 1385/1999 – Income Tax In the notification of the Government of India, Ministry of Finance, Department of Revenue, No. S. O. 1800, dated 26th June, 1999 (May 4, 1999 (?)), published in Gazette of India, Part II, section 3, sub-section (ii), dated 26th June, 1999, for “Jagatguru Sri Sankaracharya Swamigal Srimatam Samasthanam, Tamil Nadu” read “Jagatguru Sri Sankaracharya Swamigal Srimatam

Notification No. 11107/1999 – Income Tax Dated 21/10/1999

October 21, 1999 274 Views 0 comment Print

Notification No. 11107/1999 – Income Tax In the notification of Government of India, Ministry of Finance, Department of Revenue, S.O. 1800, dated the 26th June, 1999 [sic-dt. 4th May, 1999], published in the Gazette of India, Part-II, Section 3, sub-section (ii) dated the 26th June, 1999 [published at (1999) 153 CTR (St) 113], for “Jagatguru Sri Sankracharya Swamigal Srimatam Samasthanam, Tamil Nadu ” read ” Jagatguru Sri

Notification No. 698(E)/1999 – Income Tax Dated 12/10/1999

October 12, 1999 376 Views 0 comment Print

Notification No. 698(E)/1999 – Income Tax In exercise of the powers conferred by sub-section (7) of section 245F of the Income-tax Act, 1961 (43 of 1961), the Income-tax Settlement Commission hereby makes the following rules further to amend the Income-tax Settlement Commission (Procedure) Rules, 1997

Notification No. 11105/1999 – Income Tax Dated 7/10/1999

October 7, 1999 235 Views 0 comment Print

Notification No. 11105/1999 – Income Tax In exercise of the powers conferred by sub-section (1) of section 54EB of the IT 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, of an amount not exceeding one hundred fifty crores only by the Tata Teleservices Limited, a public company registered under the Companies Act, 1956 (1 of 1956) and having its registered office at Jeevan Bharati, Connaught Circus, New

Notification No. 11104/1999 – Income Tax Dated 7/10/1999

October 7, 1999 196 Views 0 comment Print

Notification No. 11104/1999 – 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 the date of publication of this notification in the Official Gazette, of an amount not exceeding three hundred crores only by the Tata Teleservices Limited, a

Notification No. 11103/1999 – Income Tax Dated 6/10/1999

October 6, 1999 187 Views 0 comment Print

Notification No. 11103/1999 – Income Tax In exercise of powers conferred by clause (e) of sub-section (12) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the stage of development of such area including the extent of and scope for, urbanisation of such area and other relevant consideration specifies the areas shown in column 3 of the schedule below and falling outside the local

Notification No. 11102/1999 – Income Tax Dated 6/10/1999

October 6, 1999 316 Views 0 comment Print

Notification No. 11102/1999 – Income Tax In exercise of powers conferred by clause (f) of sub-section (14) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the stage of development of such area including the extent of and scope for, urbanisation of such area and other relevant consideration specifies the areas shown in column 3 of the schedule below and falling outside the local

Circular No. 780-Income Tax Dated 4-10-1999

October 4, 1999 433 Views 0 comment Print

Circular No. 780-Income Tax Section 10(23G) of the Income-tax Act, 1961 was inserted by the Finance (No.2) Act, 1996, w.e.f. 1-4-1997. This clause exempts income by way of dividend, interest and long-term capital gains arising out of investments made in an enterprise engaged in the business of developing, maintaining

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