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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


Advisory on taxation for startups, AIFs and IFSCs

Income Tax : Explore taxation aspects of startups, Alternative Investment Funds (AIFs), and International Financial Service Centres (IFSCs) in ...

August 23, 2024 Views 0 comment Print

FAQs on interest under section 234A, 234B, 234C and 234D

Income Tax : All about interest under sections 234A, 234B, 234C, and 234D of the Income Tax Act, including when it is charged, rates, and calcu...

August 23, 2024 60 Views 0 comment Print

Income Tax Informants Reward Scheme 2018 FAQs | Key Insights

Income Tax : Understand the Income Tax Informants Reward Scheme 2018. Learn about eligibility, rewards, and the scope of the scheme designed to...

August 23, 2024 123 Views 0 comment Print

FAQs on taxation of charitable or religious trusts under Income Tax Act, 1961

Income Tax : AQs on charitable trusts, covering registration under Section 12AB, income tax rules, donation management, audit requirements, and...

August 23, 2024 282 Views 0 comment Print

FAQs on intimation under section 143(1) of Income Tax Act, 1961

Income Tax : FAQs on intimation under Section 143(1) of Income Tax Act, 1961. Learn about adjustments, time limits, and how to respond to CPC a...

August 23, 2024 1200 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 375 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 717 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 960 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 2829 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


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 Views 0 comment Print

Rejection of Appeal for Non-Payment of Advance Tax Without Return of Income is Invalid

Income Tax : ITAT Bangalore ruled CIT(A)’s rejection of Smt. Prameela Parameshwar's appeal for non-payment of advance tax invalid, as the add...

August 23, 2024 Views 0 comment Print

ITAT Condones Delay Due to Lockdown, Remands Case to CIT(A) for decision on merits

Income Tax : ITAT Hyderabad condoned a 21-month delay in filing an income tax appeal due to the COVID-19 pandemic, referencing a Supreme Court ...

August 23, 2024 27 Views 0 comment Print

ITAT allows Section 54EC exemption for investments before sale deed registration

Income Tax : ITAT Ahmedabad rules in favor of Rahul G. Patel, granting exemption under Section 54EC for investments made in NHAI bonds before t...

August 22, 2024 147 Views 0 comment Print

Penalty u/s. 271(1)(c) not leviable for voluntary surrender of income in good faith: ITAT Hyderabad

Income Tax : ITAT Hyderabad held that voluntary surrender of income in good faith cannot be considered as concealment of income. Hence, penalty...

August 22, 2024 63 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 3111 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 1926 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 3741 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 13188 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.1710 – Income Tax Date 30/3/1981

March 30, 1981 316 Views 0 comment Print

Notification No. S.O.1710 – Income Tax The Department of Revenue hereby amends its Notification No. 3219 (F. No. 203/101/80-ITA. II) dated the 20th March, 1980, and Notification No. 3259 (F. No. 203/101/80-ITA. II) dated the 25th April, 1980, as under :

Notification No. S.O.1709 – Income Tax Date 30/3/1981

March 30, 1981 337 Views 0 comment Print

Notification No. S.O.1709 – Income Tax In continuation of this Department’s Notification No. 2101 (F. No. 203/119/77-ITA. II) dated 4th January, 1978, 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

Notification No. S.O.1708 – Income Tax Date 30/3/1981

March 30, 1981 292 Views 0 comment Print

Notification No. S.O.1708 – 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 category of “scientific research association”

Notification No. S.O.1707 – Income Tax Date 30/3/1981

March 30, 1981 253 Views 0 comment Print

Notification No. S.O.1707 – Income Tax In continuation of this Departments Notification No. 2736 (F. No. 203/25/79-ITA-II) dated the 28th February, 1979, 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

Notification No. S.O.2559 – Income Tax Date 28/3/1981

March 28, 1981 283 Views 0 comment Print

Notification No. S.O.2559 – 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, 1962, under the category ” Association ” in the area of other

Notification No. S.O.1793 – Income Tax Date 27/3/1981

March 27, 1981 370 Views 0 comment Print

Notification No. S.O.1793 – Income Tax It is hereby notified for general information that the following scientific research programme has been approved by the prescribed authority, the Indian Council of Medical Research, New Delhi, for the purpose of sub-section (2A) of section 35 of the Income-tax Act, 1961.

Notification No. S.O.1706-Income Tax, Dated: 24.03.1981

March 24, 1981 304 Views 0 comment Print

That the centre for Regional Ecological and Science Studies in Development Alternatives shall send an annual report and audited statement of accounts annually and regularly to the Indian Council of Social Science Research, New Delhi, showing the quantum of funds collected under this exemption and the manner in which these funds are utilised.

Notification No. S.O.1039 – Income Tax Date 19/3/1981

March 19, 1981 385 Views 0 comment Print

Notification No. S.O.1039 – 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 Akhil Bharat Anusuchit-Jati Parishad, New Delhi, for the purpose of the said section for the assessment year 1981-82.

Notification No. S.O.1038 – Income Tax Date 18/3/1981

March 18, 1981 247 Views 0 comment Print

Notification No. S.O.1038 – 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 The Lakshmanjula Leprosy Dispensary and Rehabilitation Centre, for the purpose of the said section for the assessment year 1982-83

Notification No- S.O.1037 – Income Tax Date 18/3/1981

March 18, 1981 274 Views 0 comment Print

Notification No- S.O.1037 – 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 Rajasthan Go-Seva Sangh, Jaipur, for the purpose of the said section for the period covered by assessment years 1981-82 to 1982-83

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