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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


Are senior citizens exempt from filing ITR: Analysis

Income Tax : Understand ITR exemption under Section 194P for senior citizens 75+ years. Learn eligibility, conditions, and other tax benefits a...

December 5, 2024 882 Views 0 comment Print

Direct Tax Code 2025: Challenges in Simplifying India’s Direct Tax Laws

Income Tax : India explores simplifying direct tax laws via a new code or amendments. Challenges include black money, inflation, manpower gaps,...

December 5, 2024 90 Views 0 comment Print

Guide to TCS under Section 206C(1H) and TDS under Section 194Q

Income Tax : Understand provisions of TCS under Section 206C(1H) and TDS under Section 194Q, including applicability, rates, exclusions and com...

December 5, 2024 9 Views 0 comment Print

Direct Tax Vivad Se Vishwas Scheme, 2024: Overview & Details

Income Tax : Learn about Direct Tax Vivad Se Vishwas Scheme, 2024, its eligibility criteria, procedure, benefits, ineligible cases, and key fea...

December 4, 2024 918 Views 0 comment Print

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 1923 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 1317 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 3831 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 39048 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 1296 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 1140 Views 0 comment Print


Latest Judiciary


Comparability Analysis must Focus on Functional Similarity Over Product Matching: Delhi HC

Income Tax : Delhi High Court upheld the ITAT’s decision, concluding that the comparability analysis must focus on functional similarity rath...

December 5, 2024 69 Views 0 comment Print

Section 144C(13) Compliance Timelines Begin from DRP Directions Upload Date

Income Tax : Analysis of Hyundai Rotem Vs ACIT case by ITAT Delhi on tax assessments, time limits under Section 144C, and procedural compliance...

December 5, 2024 99 Views 0 comment Print

Commercial expediency not to be examined by AO while examining explanation provided u/s. 68

Income Tax : The Assessing Officer (hereafter AO) had made an addition to the income as returned by the respondent under Section 68 of the Act ...

December 5, 2024 90 Views 0 comment Print

Mandatory CSR Expenditure allowable Under Section 80G: ITAT Delhi

Income Tax : ITAT Delhi resolves Cheil India Pvt. Ltd.'s appeal on CSR expense disallowance under Section 80G. Tribunal observed that CSR expen...

December 5, 2024 3282 Views 0 comment Print

Section 271(1)(c) Penalty Quashed: Omnibus Notice Without Specific Charge Invalid

Income Tax : ITAT Delhi quashes penalty imposed on Sudesh Gupta under Section 271(1)(c) as omnibus notice without specifying the charge was inv...

December 5, 2024 105 Views 0 comment Print


Latest Notifications


IIIT Hyderabad Approved for Section section 35(1)(ii) Scientific Research Tax Benefits

Income Tax : The Ministry of Finance grants approval to IIIT Hyderabad for scientific research under the Income Tax Act, effective from 2024-25...

December 4, 2024 153 Views 0 comment Print

Functionality to pass Assessment orders in Assessment Module of ITBA

Income Tax : Overview of steps in the ITBA Assessment Module for passing assessment orders, including income computation, feedback, and order g...

December 4, 2024 2829 Views 0 comment Print

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 6978 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 375 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 777 Views 0 comment Print


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 250 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 247 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.

Notification No. S.O.249-Income Tax, Dated: 26.12.1986

December 26, 1986 238 Views 0 comment Print

That the said Association will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of 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.374-Income Tax, Dated: 24.12.1986

December 24, 1986 241 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Skills for Progress, Bangalore ” for the purpose of the said clause for the assessment years 1985-86 to 1987-88.

Notification No. S.O.262-Income Tax, Dated: 24.12.1986

December 24, 1986 244 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 ” Khemisatiji Mandir Trust, Jhunjhunu ” for the purpose of the said clause for the assessment years 1985-86 to 1986-87.

Notification No. S.O.373-Income Tax, Dated: 24.12.1986

December 24, 1986 352 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Jallianwala Bagh National Memorial Trust, Amritsar ” for the purpose of the said clause for the assessment years 1986-87 to 1988-89.

Notification No. S.O.372-Income Tax, Dated: 24.12.1986

December 24, 1986 196 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Bengal Social Service League, Calcutta for the purpose of the said clause for the assessment years 1984-85 to 1986-87.

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