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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


Amendments in Section 11: Charitable and religious Trusts

Income Tax : This article delves into the key amendments introduced under section 11 of the Income Tax Act, focusing on the revised timelines a...

August 22, 2024 Views 0 comment Print

Reintroduction of Block Assessments for Income Tax Search Cases from 1st September 2024

Income Tax : Explore the re-introduction of block assessments in search cases under the Income Tax Act effective from 01 September 2024. Learn ...

August 22, 2024 18 Views 0 comment Print

Rupees 43 trillion Income Tax Demands to Make India Richer and Indians Poor

Income Tax : Faceless assessments in FY 23-24 raised Rs 43 trillion in tax arrears, sparking concern over the impact on India's tax ecosystem a...

August 22, 2024 4692 Views 1 comment Print

Taxing buy-back consideration as dividend closes the doors of buy-back?

Income Tax : The Finance Act, (2), 2024 has made certain changes relating to levy of income tax on consideration received on buy-back of shares...

August 21, 2024 516 Views 0 comment Print

Is addition made on the basis of Form 26AS, Justified? Discussion between CA Mickey and CA Mini

Income Tax : Summary: Income additions by tax authorities due to discrepancies between a taxpayer’s declared income and the details in Fo...

August 21, 2024 4809 Views 0 comment Print


Latest News


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 531 Views 0 comment Print

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

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 1626 Views 0 comment Print

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 19, 2024 351 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 19, 2024 690 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 276 Views 0 comment Print


Latest Judiciary


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 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 3 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 12 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 15 Views 0 comment Print

General order of approval by PCIT for action u/s. 147/148 invalid: Delhi HC

Income Tax : Delhi High Court held that mechanical approval granted by PCIT, vide general order of approval for all the 111 cases without satis...

August 22, 2024 15 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 22, 2024 2406 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 1800 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 3681 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 13071 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 312 Views 0 comment Print


Notification No. S.O.3260-Income Tax, Dated: 14.07.1980

July 14, 1980 244 Views 0 comment Print

That the Association will furnish an annual audited statement of accounts to the Council for each year by 31st May each year and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.3261-Income Tax, Dated: 14.07.1980

July 14, 1980 268 Views 0 comment Print

That the Society will furnish an annual audited statement of accounts to the Council for each year by 31st May each year and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No S.O.2162-Income Tax, Dated: 08.07.1980

July 8, 1980 292 Views 0 comment Print

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 Muslim Orphanage Committee, Tirunelveli, for the purpose of the said section for the assessment years 1973-74 to 1980-81.

Notification No. S.O.2304-Income Tax, Dated: 04.07.1980

July 4, 1980 259 Views 0 comment Print

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 Chief Khalsa Diwan, Amritsar, for the purpose of the said section for the assessment years 1976-77 to 1980-81.

Notification No. S.O.2305-Income Tax, Dated: 04.07.1980

July 4, 1980 304 Views 0 comment Print

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 Apostolic Exarchate of Ujjain Catholic Church, for the purpose of the said section for the assessment years 1977-78 to 1980-81.

Notification No. S.O.2306-Income Tax, Dated: 04.07.1980

July 4, 1980 304 Views 0 comment Print

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 Catholic Diocese of Meerut, for the purpose of the said section for the assessment year(s) 1977-78 to 1980-81.

Notification No. S.O.2308-Income Tax, Dated: 04.07.1980

July 4, 1980 271 Views 0 comment Print

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 Sri Yoga Narasimaswamy Temple, Chinchalvadi, Trichy, for the purpose of the said section for the assessment years 1973-74 to 1980-81.

Notification No. S.O.2307-Income Tax, Dated: 04.07.1980

July 4, 1980 340 Views 0 comment Print

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 Dohnavar Fellowship, Dohnavur, Tirunelveli, for the purpose of the said section for the assessment years 1977-78, 1978-79, 1980-80 and 1980-81.

Notification No. S.O.2928-Income Tax, Dated: 04.07.1980

July 4, 1980 220 Views 0 comment Print

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 Standards Institution for the purpose of the said section for the assessment years 1972-73 to 1980-81.

Notification No. S.O.2929-Income Tax, Dated: 04.07.1980

July 4, 1980 190 Views 0 comment Print

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 Public Enterprises Centre for Continuing Education, New Delhi, for the purpose of the said section for the assessment years 1978-79, 1979-80 and 1980-81.

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