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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 Benami Property Transactions and Definitions

Income Tax : Learn about Benami property, its definitions, transactions, and legal implications under the PBPT Act. Find out who is involved an...

August 23, 2024 9 Views 0 comment Print

FAQs on Exemption available from Capital gains under Income Tax Act, 1961

Income Tax : Discover the various capital gains tax exemptions under Sections 54, 54B, 54D, and 54EC, including eligibility, investment limits,...

August 23, 2024 Views 0 comment Print

FAQs on TDS on Rent Under Section 194-I & Section 194-IB

Income Tax : Understand the TDS provisions on rent payments under Sections 194-I and 194-IB of the Income-tax Act. Know the rates, thresholds, ...

August 23, 2024 3 Views 0 comment Print

FAQs on Maintenance of books of accounts under Income Tax Act, 1961

Income Tax : Understand who must maintain books of accounts, specific requirements for professionals, and penalties for non-compliance under In...

August 23, 2024 6 Views 0 comment Print

FAQs on TDS or TCS on sale or Purchase of Goods

Income Tax : Learn about TDS under Section 194Q and TCS under Section 206C(1H) on goods sales and purchases, including rates, thresholds, and c...

August 23, 2024 6 Views 0 comment 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 402 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 738 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 1032 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 3036 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 279 Views 0 comment Print


Latest Judiciary


Co-operative credit society providing credit facilities only to its members not hit by section 80P(4): ITAT Mumbai

Income Tax : The assessee is a co–operative credit society, registered under Maharashtra co–operative society Act, 1960 and is engaged in p...

August 23, 2024 12 Views 0 comment Print

Notice initiating fresh assessment set aside as issued beyond prescribed time limit: Delhi HC

Income Tax : Delhi High Court held that department need to comply with the order of the Tribunal in passing a fresh assessment order within the...

August 23, 2024 24 Views 0 comment Print

Revision proceedings u/s. 263 cannot be invoked without giving reasons for setting aside assessment order

Income Tax : ITAT Chennai held that invoking the revisionary powers under section 263 of the Income Tax Act without giving any reasoning for se...

August 23, 2024 9 Views 0 comment Print

Deduction u/s. 80IA(4)(i) allowed to sole developer for developing, operating and maintaining infrastructure facilities

Income Tax : ITAT Ahmedabad held that the assessee has established that they were the sole developer in the contracts which are related to the ...

August 23, 2024 12 Views 0 comment Print

Interest & Late Fee for Non-Compliance Under Various Acts, Being Compensatory, Are Allowable

Income Tax : ITAT Bangalore allows Vyoma Technologies to claim GST late fees and interest as business deductions, ruling them compensatory, not...

August 23, 2024 105 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 3204 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 1989 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 3771 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 13200 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 315 Views 0 comment Print


Notification No. S.O.2436 – Income Tax Date 10/6/1981

June 10, 1981 289 Views 0 comment Print

Notification No. S.O.2436 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules

Notification No. S.O.2564 – Income Tax Date 9/6/1981

June 9, 1981 322 Views 0 comment Print

Notification No. S.O.2564 – Income Tax In continuation of the office notification No. 2709 (F.No. 203/29/75–ITA. II) dated 2-2-1979, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the

Notification No. S.O.2435 – Income Tax Date 9/6/1981

June 9, 1981 274 Views 0 comment Print

Notification No. S.O.2435 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules,

Notification No. S.O.2045 – Income Tax Date 6/6/1981

June 6, 1981 316 Views 0 comment Print

Notification No. S.O.2045 – 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 Sree Padmanabhaswamy Temple, Trivandrum for the purpose of the said section for the period covered by the assessment years 1966-67 to 1981-82

Notification No. S.O.2440 – Income Tax Date 4/6/1981

June 4, 1981 217 Views 0 comment Print

Notification No. S.O.2440 – Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Sthala Sayana Perumal Temple, Mamallapuram, to be a place of public worship of renown throughout the State of Tamil Nadu.

Notification No. S.O.2563 – Income Tax Date 3/6/1981

June 3, 1981 214 Views 0 comment Print

Notification No. S.O.2563 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules,

Notification No. S.O.2434 – Income Tax date 3/6/1981

June 3, 1981 346 Views 0 comment Print

Notification No. S.O.2434 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules

Notification No. S.O.2433 – Income Tax Date 3/6/1981

June 3, 1981 328 Views 0 comment Print

Notification No. S.O.2433 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules

Notification No. S.O.2432 – Income Tax Date 3/6/1981

June 3, 1981 358 Views 0 comment Print

Notification No. S.O.2432 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the

Circular No. 304-Income Tax dated 2-6-1981

June 2, 1981 357 Views 0 comment Print

Circular No. 304-Income Tax Attention is invited to Circular No. 284, dated 13-10-1980 issued by the Board from F. No. 340/9/80-GT [Annex] on the above subject.

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