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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


FAQs on Prosecution provision under Income Tax Act, 1961

Income Tax : Learn about prosecution under IT Act sections 275A to 280, including penalties and conditions for launching prosecution....

August 24, 2024 309 Views 0 comment Print

FAQs on Penalty provisions under Income Tax Act, 1961

Income Tax : Learn about penalty provisions under the IT Act, including penalties for defaults in tax payment, income reporting, and more. Key ...

August 24, 2024 219 Views 0 comment Print

FAQs on ICDS (Income Computation and Disclosure Standards)

Income Tax : Learn key details about ICDS including its scope, applicability to contracts, and disclosure requirements under different ICDS sta...

August 24, 2024 378 Views 0 comment Print

FAQs on Disallowance of cash expenses or limit on cash transactions

Income Tax : Understand key provisions on disallowance of cash expenses, limits on cash transactions, and penalties under Sections 269T, 269SS,...

August 24, 2024 399 Views 0 comment Print

Income Tax for New Tax Return Filers- FAQs

Income Tax : Learn about India's Income Tax system, including its administration, who pays it, applicable rates, and the process for paying tax...

August 24, 2024 74392 Views 21 comments Print


Latest News


Join 5-Day Live & Online Income Tax Audit Course with Practical Examples

Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...

August 23, 2024 942 Views 0 comment Print

Live Course: Handling Faceless Income Tax Assessment with AI Tools like ChatGPT

Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...

August 23, 2024 1470 Views 0 comment Print

CBDT Central Action Plan 2024-2025

Income Tax : The Central Action Plan 2024-2025 by CBDT aims to optimize India's direct tax system, focusing on revenue, litigation, taxpayer se...

August 22, 2024 1173 Views 0 comment Print

Tax Audit Under Income Tax Act: Detailed Live Course with Practical Insights – Starting Today

Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...

August 19, 2024 3246 Views 0 comment Print

Direct Tax Collections FY 2024-25 Reach Rs. 6.93 Lakh Crores as on 11.08.2024

Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...

August 13, 2024 285 Views 0 comment Print


Latest Judiciary


Calcutta HC Stays Income Tax Notice Under Section 148

Income Tax : Calcutta High Court stays notice under Section 148 of IT Act issued by Jurisdictional AO for AY 2017-18, citing jurisdictional iss...

August 25, 2024 33 Views 0 comment Print

Non-compliance with specified authority’s approval requirements invalidates assessment order

Income Tax : Calcutta High Court dismisses revenue's appeal challenging assessment order due to non-compliance with Section 151(ii) approval re...

August 24, 2024 135 Views 0 comment Print

HC Dismisses Revenue Appeal; As no Question of Law Arising from Tribunal’s Order

Income Tax : Calcutta HC dismisses PCIT appeal on bogus share loss, finding no grounds for reconsidering ITAT's order in Zulu Merchandise Pvt L...

August 24, 2024 327 Views 0 comment Print

Exemption u/s 10(23C)(iv) could not be rejected if net surplus was less than 20% of Total Receipts under second proviso to sec 2(15)

Income Tax : Assessee was a non-profit organization registered under Section 25 and was approved U/s.10(23C)(iv). The main activity of the coun...

August 24, 2024 147 Views 0 comment Print

ITAT Dismisses Appeal as Infructuous Following NCLT Approval of Resolution Plan

Income Tax : Calcutta High Court dismisses IT department's appeal against ITAT ruling after NCLT approves resolution plan for Srei Infrastructu...

August 24, 2024 111 Views 0 comment Print


Latest Notifications


Income Tax: New Guidelines for Filing application under section 10(46A)

Income Tax : Finance Act 2023 updates the process for filing applications under Section 10(46A) of the Income-tax Act. Standardized procedures ...

August 20, 2024 3492 Views 0 comment Print

President Assents Finance (No 2) Bill, 2024 i.e. Finance (No. 2) Act, 2024

Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...

August 18, 2024 2082 Views 0 comment Print

Finance (No. 2) Bill, 2024 – As Passed by Lok Sabha on 7.8.2024

Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...

August 13, 2024 3864 Views 0 comment Print

Guidelines for Handling High-Risk PAN Cases in Insight Portal

Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...

August 12, 2024 13299 Views 0 comment Print

Income Tax Exemption for UIDAI’s Specified Income 2024-2029

Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...

August 12, 2024 324 Views 0 comment Print


Notification No. S.O.653(E)-Income Tax Dated: 8/9/1982

September 8, 1982 559 Views 0 comment Print

Notification No. S.O.653(E)-Income Tax In exercise of the powers conferred by clause (4B) of section 10 of the Income-tax Act, 1961 (43 of 1961), clause (xvi-c) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 (27 of 1957), and clause (ii-d) of sub-section (1) of section 5 of the Gift-tax Act, 1958 (18 of 1958), the Central Government hereby specifies the National Savings Certificates VI and VII Issues as the savings

Notification No. S.O.4294-Income Tax Dated: 6/9/1982

September 6, 1982 207 Views 0 comment Print

Notification No. S.O.4294-Income Tax 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 Kerala Gandhi Smarak Nidhi for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.

Notification No. S.O.4293-Income Tax Dated: 2/9/1982

September 2, 1982 240 Views 0 comment Print

Notification No. S.O.4293-Income Tax 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 Hindusthan Charity Trust, 1959, for the purpose of the said section for the period covered by the assessment years 1981-82 and 1982-83.

Notification No. S.O.4292-Income Tax Dated: 2/9/1982

September 2, 1982 246 Views 0 comment Print

Notification No. S.O.4292-Income Tax 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 Indian Council of Child Welfare for the purposes of the said section for the period covered by the assessment year 1982-83.

Notification No. S.O.3992-Income Tax Dated: 2/9/1982

September 2, 1982 225 Views 0 comment Print

Notification No. S.O.3992-Income Tax 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 Kumbakonam Diocese Society, Kumbakonam, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1982-83.

Notification No. S.O.4291-Income Tax Dated: 31/8/1982

August 31, 1982 264 Views 0 comment Print

Notification No. S.O.4291-Income Tax 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 Shraddhanand Mahilashram for the purpose of the said section for the period covered by the assessment years 1976-77 to 1982-83.

Notification No. S.O.4290-Income Tax Dated: 31/8/1982

August 31, 1982 243 Views 0 comment Print

Notification No. S.O.4290-Income Tax 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 Consumer Education and Research Centre for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86.

Notification No. S.O.4289-Income Tax Dated: 31/8/1982

August 31, 1982 366 Views 0 comment Print

Notification No. S.O.4289-Income Tax 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 Cochin Dock Labour Board for the purpose of the said section for the period covered by the assessment years 1973-74 to 1982-83.

Notification No. S.O.3991-Income Tax Dated: 31/8/1982

August 31, 1982 321 Views 0 comment Print

Notification No. S.O.3991-Income Tax 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 Archidiocese of Trivandrum for the purpose of the said section for the period covered by the assessment year 1982-83.

Notification No. S.O.3990-Income Tax Dated: 31/8/1982

August 31, 1982 321 Views 0 comment Print

Notification No. S.O.3990-Income Tax 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 The Society of Our Lady of Dolours —- The Servants of Mary for the purpose of the said section for the period covered by the assessment years 1979-80 to 1982-83.

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