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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


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 333 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 8217 Views 0 comment Print

Recent clarification on income tax clearance certificate for all travelling abroad

Income Tax : Understand the amended Section 230 of the Income Tax Act, 2024, clarifying when a tax clearance certificate is required for Indian...

August 20, 2024 2556 Views 0 comment Print

Section 43B(h) Income-tax Act – Boom or doom for Industry and Trade

Income Tax : Section 43B(h) mandates tax deductions only on actual payments to MSMEs, effective April 2024. Explore its potential impact on ind...

August 20, 2024 1011 Views 1 comment Print

Scope of Income Tax Search Assessment – A Tabular Form

Income Tax : Discover the updated Income Tax assessment procedures for searches starting from September 2024, including tax rates, penalties, a...

August 19, 2024 1680 Views 0 comment Print


Latest News


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 1539 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 333 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 630 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 264 Views 0 comment Print

FAQs on PFA & Defective for ITR 1 to 6 for AY 24-25

Income Tax : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...

August 10, 2024 3108 Views 0 comment Print


Latest Judiciary


Bombay HC imposes a penalty on JAO & CCIT for disregarding a prior judgment

Income Tax : Bombay High Court imposed a cost on JAO and CCIT of Mumbai for not following judgement Hexaware case and Order them to deposit 250...

August 21, 2024 9 Views 0 comment Print

CIT(A) Can’t Dismiss Appeals for Non-Prosecution without examining merits

Income Tax : Bombay High Court rules that CIT(A) cannot dismiss appeals for non-prosecution. Tribunal's decision to restore appeal upheld....

August 21, 2024 57 Views 0 comment Print

Bogus Purchases: Bombay HC upholds addition of 12.5% of purchases

Income Tax : Bombay High Court upholds ITAT ruling in PCIT Vs SVD Resins, focusing on the legitimacy of purchase transactions and tax implicati...

August 20, 2024 213 Views 0 comment Print

Bombay HC Quashes Prosecution of Hubtown Ltd. Directors for TDS payment delay

Income Tax : The Bombay High Court dismisses criminal charges against Hubtown Ltd's directors for TDS payment delays, citing absence of require...

August 20, 2024 153 Views 0 comment Print

Vodafone Idea Not Required to Deduct TDS on Foreign Telecom Charges: SC

Income Tax : Supreme Court dismisses IT Dept's petition, ruling Vodafone Idea isn't liable to deduct TDS on payments to non-resident telecom op...

August 20, 2024 39 Views 0 comment Print


Latest Notifications


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 1215 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 3435 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 12546 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 306 Views 0 comment Print

Income Tax Exemption for West Bengal Transport Workers Social Security Scheme

Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...

August 12, 2024 93 Views 0 comment Print


Notification No. S.O.1875, Dated: 01.03.1979

March 1, 1979 367 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.2013-Income Tax, Dated: 01.03.1979

March 1, 1979 289 Views 0 comment Print

That the said Council will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April, each year.

Notification No. S.O.1379-Income Tax, Dated: 28.02.1979

February 28, 1979 286 Views 0 comment Print

This notification contains Corrigendum to Income-tax Act, 1961 carried out on 28th February, 1979 not reproduced here as it is already contained in the body of the act itself.

Notification No. S.O.1435-Income Tax, Dated: 28.02.1979

February 28, 1979 349 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 “M/s. Brij Lal Kapoor & Sons Charitable Trust, Amritsar” for the purpose of the said section for and from the assessment year 1971-72.

Notification No. S.O.1874-Income Tax, Dated: 28.02.1979

February 28, 1979 262 Views 0 comment Print

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, read with rule 6(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.

Notification No. S.O.2193-Income Tax, Dated: 28.02.1979

February 28, 1979 280 Views 0 comment Print

That the association will furnish annual returns of its scientific research activities to the Council 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.1259-Income Tax, Dated: 22.02.1979

February 22, 1979 319 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 “Arpana Trust, Karnal” for the purpose of the said section for and from the assessment year 1975-76.

Notification No. S.O.1588-Income Tax, Dated: 20.02.1979

February 20, 1979 319 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 Manakula Vinayagar Devasthanam, Pondicherry, for the purpose of the said section for and from the assessment year(s) 1979-79.

Notification No. S.O.1212-Income Tax, Dated: 07.02.1979

February 7, 1979 343 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 Arulmigu Naganathaswami Temple, Nainarkoil and Mangalanathaswami Temple, Thiru Uthirakosamangai, for the purpose of the said section for and from the assessment year 1973-74.

Notification No. S.O.1213-Income Tax, Dated: 07.02.1979

February 7, 1979 277 Views 0 comment Print

That the institute shall send an annual report to the Indian Council of Social Sciences Research, New Delhi, showing the funds collected under the exemption and the manner in which the funds were utilised.

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