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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 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

How to Handle Surrendered Income During a Tax Survey: A Practical Guide

Income Tax : Article explains how surrendered income is treated under I.T Act, particularly focusing on applicability of Sections 68 to 69D and...

August 23, 2024 615 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


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

DDT cannot be demanded from recipient of interest income: Delhi HC

Income Tax : Delhi High Court held that Dividend Distribution Tax (DDT) is liable to be paid by the company which declares, distributes or pays...

August 22, 2024 57 Views 0 comment Print

Addition towards unexplained cash credit u/s. 68 unwarranted as already declared and taxed as sales: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act unwarranted as the amount...

August 22, 2024 96 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.1033 – Income Tax Date 27/2/1981

February 27, 1981 301 Views 0 comment Print

Notification No. S.O.1033 – 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 Navajbai Ratan Tata Trust for the purpose of the said section for the period covered by assessment years 1978-79 to 1981-82

Notification No. S.O.1032 – Income Tax Date 27/2/1981

February 27, 1981 355 Views 0 comment Print

Notification No. S.O.1032 – 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 Cancer Patients Aid Association for the purpose of the said section for the assessment years 1982-83.

Notification No. S.O.1031- Income Tax Date 25/2/1981

February 25, 1981 214 Views 0 comment Print

Notification No. S.O.1031- 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 Forum of Financial Writers for the purpose of the said section for the period covered by assessment years 1977-78 to 1981-82.

Notification No. S.O.1030 – Income Tax Dated 25/2/1981

February 25, 1981 310 Views 0 comment Print

Notification No. S.O.1030 – 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 Divine Light School for the Blind Trust, Bangalore, for the purpose of the said section for the assessment year 1981-82

Notification No. S.O.1029 – Income Tax Date 25/2/1981

February 25, 1981 226 Views 0 comment Print

Notification No. S.O.1029 – 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 Sir Cusrow Wadia Trust Fund, Bombay, for the purpose of the said section for the period covered by assessment years 1969-70 to 1981-82.

Notification No. S.O.1028 – Income Tax Date 25/2/1981

February 25, 1981 331 Views 0 comment Print

Notification No. S.O.1028 – 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 Shri Ram Chandra Mission, Shahjahanpur (U. P.)., for the purpose of the said section for the period covered by assessment years 1975-76 to 1981-82.

Notification No. S.O.1367- Income Tax Dated 24/2/1981

February 24, 1981 163 Views 0 comment Print

Notification No. S.O.1367- Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions

Notification No. S.O.118(E) – Income Tax Date 20/2/1981

February 20, 1981 430 Views 0 comment Print

Notification No. S.O.118(E) – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Notification No. S.O.1366 – Income Tax Date 19/2/1981

February 19, 1981 277 Views 0 comment Print

Notification No. S.O.1366 – 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(vi) of the Income-tax Rules, 1962,

Notification No. S.O.1364 – Income Tax Date 19/2/1981

February 19, 1981 329 Views 0 comment Print

Notification No. S.O.1364 – Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, by the Indian Council of Agricultural Research, New Delhi.

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