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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. S.O.506(E) – Income Tax Dated 28/6/1999

June 28, 1999 321 Views 0 comment Print

Notification No.S. O. 506(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Nuclear Power Corporation of India Limited Tax-free Bonds (Series XII) carrying an interest of 10.5% per annum for financial year 1998-99 of rupees one lakh each for an amount of rupees one hundred

Notification No. S.O.505(E) – Income Tax Dated 28/6/1999

June 28, 1999 243 Views 0 comment Print

Notification No.S. O. 505(E) – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Taxable Unsecured and Redeemable Housing and Urban Development Corporation Infrastructure Bonds (Series-I) bearing distinctive numbers from 000001 to 2500113 of Rs. 1,000 each aggregating to an amount of

Notification No. S.O.504(E) – Income Tax Dated 28/6/1999

June 28, 1999 369 Views 0 comment Print

Notification No.S. O. 504(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies

Notification No. 10982/1999 – Income Tax Dated 28/6/1999

June 28, 1999 253 Views 0 comment Print

Notification No. 10982/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the National Bank for Agriculture and Rural Development tax-free Bonds-2004 (II-Series) carrying an interest of 8.25% per annum payable half-yearly for a period of 7 years of rupees one lakh each for an

Notification No. 10977/1999 – Income Tax Dated 28/6/1999

June 28, 1999 250 Views 0 comment Print

Notification No. 10977/1999 – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 5 years 13.5% secured redeemable non-convertible and taxable debentures in the nature of bonds Power Grid Bonds (VIIth-Issue) bearing distinctive numbers from G-0000001 to G-2000000 of Rs. 1000/- each, carrying an

Notification No. 10976/1999 – Income Tax Dated 28/6/1999

June 28, 1999 286 Views 0 comment Print

Notification No. 10976/1999 – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the debentures, in the nature of bonds, namely

Notification No. 10975/1999 – Income Tax Dated 28/6/1999

June 28, 1999 304 Views 0 comment Print

Notification No. 10975/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the IT, 1961 (43 of 1961), the Central Government hereby specifies the Nuclear Power Corporation of India Limited Tax-free Bonds (Series-XII) carrying an interest of 10.5% per annum for financial year 1999-99 of rupees one lakh each for an amount of rupees one hundred twenty-five

Notification No. 10974/1999 – Income Tax Dated 28/6/1999

June 28, 1999 295 Views 0 comment Print

Notification No. 10974/1999 – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the taxable, unsecured and redeemable Housing and Urban Development Corporation Infrastructure Bonds (Series-I) bearing distinctive numbers from 000001 to 2500113 of Rs. 1,000 each aggregating to an amount of rupees two hundred fifty crores one lakh thirteen thousand only carrying interest of 15 per cent per annum payable half-yearly

Notification No. 10973/1999 – Income Tax Dated 28/6/1999

June 28, 1999 220 Views 0 comment Print

Notification No. 10973/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies

Notification No. 10969/1999 – Income Tax Dated 25/6/1999

June 25, 1999 2347 Views 0 comment Print

Notification No. 10969/1999 – Income Tax In exercise of the powers conferred by sub-clause (ii) of first proviso to clause (10B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount of compensation which may be received by a workman at the time of his retrenchment, hereby specifies five lakhs rupees as the limit for the purposes of the said clause in relation to the

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