Sponsored
    Follow Us:

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


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

FAQs on Income Tax e-Verification Scheme 2021

Income Tax : FAQs on e-Verification Scheme, 2021 provide general guidance in understanding procedures & processes of the e-Verification Scheme,...

August 20, 2024 8868 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


Cash Accounting: TDS Credit Allowed in year the Income is Received & offered for taxation

Income Tax : The ITAT Ahmedabad ruled on the disallowance of TDS credit to Theo Desh Consultants due to non-inclusion of corresponding income i...

August 22, 2024 Views 0 comment Print

ITAT directs AO to verify & grant TDS credit as per the income reflected in Form 26AS

Income Tax : In Buhler India Pvt. Ltd. Vs DCIT, the ITAT Bangalore directed the Assessing Officer to verify and grant TDS credit as per the ...

August 22, 2024 Views 0 comment Print

New Dwelling Unit on First Floor of Existing House: ITAT Allows Section 54F Deduction

Income Tax : ITAT Chennai ruled in favor of Kethsial Justin, granting Section 54F deduction for constructing a new dwelling unit, overturning t...

August 22, 2024 Views 0 comment Print

Amount received as subscription charge reimbursements not to be considered as ‘FIS’ under India-US DTAA or u/s 9(1)(vii)

Income Tax : Amount received as reimbursements for expenses related to software subscription services should not be taxed as technical services...

August 22, 2024 42 Views 0 comment Print

ITAT held revision u/s 263 could not address issues beyond limited scrutiny under CASS

Income Tax : Assessee-partnership firm had filed its income tax return declaring income. The case was selected for limited scrutiny, focusing o...

August 22, 2024 45 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.2301-Income Tax, Dated: 19.06.1980

June 19, 1980 202 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 Cathelic Church, Vyara, for the purpose of the said section for the assessment years 1976-77 to 1980-81.

Notification No. S.O.2302-Income Tax, Dated: 19.06.1980

June 19, 1980 334 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 Catholic Church, Unai, for the purpose of the said section for the assessment year(s) 1972-73 to 1980-81.

Notification No. S.O.2921-Income Tax, Dated: 19.06.1980

June 19, 1980 283 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 Broach Social Service Society for the purpose of the said section for the assessment year 1980-81.

Notification No. S.O.2922-Income Tax, Dated: 19.06.1980

June 19, 1980 193 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 J. N. Tata Endowment, Bombay, for the purpose of the said section for the assessment year(s) 1977-78 to 1980-81.

Notification No. S.O.996-Income Tax, Dated: 19.06.1980

June 19, 1980 280 Views 0 comment Print

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 Ammachivedu Moorthi Temple, Quilon, Kerala State, to be a place of public worship of renown throughout the State of Kerala for the purposes of the said section.

Notification No. S.O.2098-Income Tax, Dated: 18.06.1980

June 18, 1980 247 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.

Notification No. S.O.434(E)-Income Tax, Dated: 18.06.1980

June 18, 1980 304 Views 0 comment Print

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: S.O.2045-Income Tax, Dated: 16.06.1980

June 16, 1980 271 Views 0 comment Print

That the Institute will furnish annual returns of its scientific research activities to the Council for each year by 31st May, each year at the latest in such form as may be laid down and intimated to them for this purpose.

Notification No. S.O.2044-Income Tax, Dated: 16.06.1980

June 16, 1980 229 Views 0 comment Print

That the Centre will furnish annual returns of its scientific research activities to the Council for each year by 31st May, each year at the latest in such form as may be laid down and intimated to them for this purpose.

Notification No: S.O.396(E)-Income Tax, Dated: 12.06.1980

June 12, 1980 265 Views 0 comment Print

This notification contains Amendments (Third Amendment) to Income-tax Rules carried out on 12th June, 1980 not reproduced here as it is already contained in the body of the rules itself.

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031