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


Need to Curb Misconceptions About Rule 55 of Income Tax Rules

Income Tax : Rule 55 misinterpretations hinder aspiring Income Tax Practitioners, discouraging qualified youth and impacting self-employment op...

December 8, 2024 1992 Views 0 comment Print

Draft Submissions on Section 148A(b) Notice Issued Based on wrong Information

Income Tax : Written submission against wrong cash deposit notice under Section 148A(b), highlighting errors and lack of independent inquiry....

December 7, 2024 1053 Views 0 comment Print

Exempted Perquisites for Salaried Taxpayers Under Income Tax Act

Income Tax : Exempted perquisites for salaried taxpayers, including medical, food, phone facilities, gifts, and more under the Income Tax Act, ...

December 7, 2024 1221 Views 0 comment Print

Crypto Conundrums: Legal Complexities from lens of International Taxation

Income Tax : Explore global tax complexities of cryptocurrency, focusing on jurisdiction, pseudonymity, and the need for an international frame...

December 5, 2024 438 Views 0 comment Print

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 4065 Views 0 comment Print


Latest News


Govt. Clarifies Tax Exemption for STs, No New Proposals

Income Tax : Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim ex...

December 6, 2024 210 Views 0 comment Print

CBI Arrests Two Income Tax Employees in Bribery Case

Income Tax : CBI arrests two Income Tax employees in Silchar for accepting Rs. 4,000 bribe as part of a Rs. 10,000 demand for PAN card closure....

December 6, 2024 354 Views 0 comment Print

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 1404 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 3876 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 39114 Views 4 comments Print


Latest Judiciary


Disallowance of short term capital loss unjustified as no evidence disproves genuineness of transaction

Income Tax : ITAT Mumbai held that disallowance of short term capital loss not justified since there is no evidence on record based on which ge...

December 9, 2024 96 Views 0 comment Print

Loss in derivative business is a business loss eligible to set off against business profit: Kerala HC

Income Tax : Kerala High Court held that a loss in the derivative business is a business loss for the purposes of Section 72, and thus a set of...

December 9, 2024 255 Views 0 comment Print

Interest u/s. 201(1A) not leviable when lower deduction in earlier months was adjusted in later months

Income Tax : ITAT Mumbai held that levy of interest under section 201(1A) of the Income Tax Act for lower deduction of TDS not justified since ...

December 9, 2024 48 Views 0 comment Print

Appeal u/s. 260A not sustained since there is no perversity in finding of the Tribunal: Allahabad HC

Income Tax : Allahabad High Court held that appeal u/s. 260A of the Income Tax Act is not sustainable since there is no perversity in finding o...

December 9, 2024 63 Views 0 comment Print

Jurisdiction u/s. 153C impermissible as satisfaction of seized material belonging to assessee not fulfilled

Income Tax : Delhi High Court held that assuming jurisdiction under section 153C of the Income Tax Act impermissible unless it is satisfied tha...

December 9, 2024 54 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 174 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 3159 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 7242 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 420 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 825 Views 0 comment Print


Notification No. S.O.1609-Income Tax, Dated: 11.02.1987

February 11, 1987 241 Views 0 comment Print

That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their 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.1608-Income Tax, Dated: 11.02.1987

February 11, 1987 292 Views 0 comment Print

That the said Institute 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.1603-Income Tax, Dated: 09.02.1987

February 9, 1987 280 Views 0 comment Print

That the Sitaram Bhartiya Institute of Scientific Research, New Delhi, will maintain a separate account of the sums received by it for scientific research.

Notification No. S.O.1604-Income Tax, Dated: 09.02.1987

February 9, 1987 262 Views 0 comment Print

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

Notification No. S.O.1605-Income Tax, Dated: 09.02.1987

February 9, 1987 298 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 their 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.1606-Income Tax, Dated: 09.02.1987

February 9, 1987 226 Views 0 comment Print

That the said Institute 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.1607-Income Tax, Dated: 09.02.1987

February 9, 1987 247 Views 0 comment Print

That the said Institute 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.1758-Income Tax, Dated: 09.02.1987

February 9, 1987 295 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 Federation of Indian Export Organisations , for the purpose of the said clause for the assessment years 1986-87 to 1988-89.

Circular No. 480-Income Tax Dated 06-02-1987

February 6, 1987 321 Views 0 comment Print

Circular No-480-Income Tax In exercise of the powers conferred by sub-section (2A) of section 4 of the Estate Duty Act, 1953 (34 of 1953), and in partial modification of all previous notifications and orders on the subject, the Central Board of Direct Taxes hereby directs that the Commissioners of Income-tax (Appeals) appointed as Appellate Controllers of Estate Duty shall exercise their powers in respect of

Notification No. S.O.1757-Income Tax, Dated: 06.02.1987

February 6, 1987 277 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 The Loreto House Educational Society of Calcutta , 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