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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 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 7950 Views 0 comment Print

Recent clarification on income tax clearance certificate for all travelling abroad

Income Tax : Recently, the Finance Minister of India, Smt. Nirmala Sitharaman, presented the Finance Budget 2024-2025 on 23rd July 2024. Vide t...

August 20, 2024 66 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 651 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 1551 Views 0 comment Print

कैश लेन-देन पर होगी आयकर विभाग की नजर – बैंकिंग चैनल से ही बड़े खर्च करें

Income Tax : आयकर विभाग ने कैश लेन-देन पर कड़ी नजर रखने का निर्�...

August 19, 2024 2103 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 1518 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 321 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 600 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 258 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


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 18 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 18 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 21 Views 0 comment Print

Deputy Commissioner of Income Tax held guilty u/s. 12 of Contempt of Courts Act, 1971

Income Tax : Allahabad High Court held Deputy Commissioner of Income Tax guilty under section 12 of the Contempt of Courts Act, 1971 and impose...

August 20, 2024 1083 Views 0 comment Print

Assessee entitled to deemed Section 12AB registration if application not disposed off in 6 months

Income Tax : Bombay HC examines the rejection of Purandhar Technical Education Society's 12AB registration by CIT, highlighting procedural erro...

August 20, 2024 15 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 1113 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 3381 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 12444 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 303 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 87 Views 0 comment Print


Notification: S.O.1399 Date of Issue: 29/3/1978

March 29, 1978 309 Views 0 comment Print

Notification: S.O.1399 Central Government hereby notifies Mysore Diocesan Society, Mysore for the purpose of the said section for and from the assessment year 1977-78.

Notification: S.O.1398 Date of Issue: 29/3/1978

March 29, 1978 262 Views 0 comment Print

Notification: S.O.1398 Central Government hereby notifies Society of the Franciscan Juniorate Home for the purpose of the said section for and from the assessment year 1976-77.

Notification: S.O.1344 Date of Issue: 29/3/1978

March 29, 1978 291 Views 0 comment Print

Notification: S.O.1344 Central Government hereby notifies Shri Sant Jivan Singh Kar Sewa Trust for the purpose of the said section for and from the assessment year(s) 1974-75.

Notification: S.O.2216 Date of Issue: 28/3/1978

March 28, 1978 205 Views 0 comment Print

Notification: S.O.2216 (i) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May each year at the latest in such form as may be laid down and intimated to them for this purpose.

Notification: S.O.1987 Date of Issue: 23/3/1978

March 23, 1978 289 Views 0 comment Print

Notification: S.O.1987 1. The funds collected by the Institute under this exemption will be utilised exclusively for promotion of research in social sciences. 2. The Institute shall maintain separate accounts of the funds collected by them under the exemption.

Notification: S.O.1996 Date of Issue: 21/3/1978

March 21, 1978 172 Views 0 comment Print

Notification: S.O.1996 Central Government hereby notifies Federation for the Welfare of the Mentally Retarded (India) for the purpose of the said section for and from the assessment year(s) 1977-78.

Notification: S.O.1995 Date of Issue: 21/3/1978

March 21, 1978 202 Views 0 comment Print

Notification: S.O.1995 Central Government hereby notifies Army Officers’ Wives Association, Headquarters Maharashtra & Gujarat Area, Bombay, for the purpose of the said section for and from the assessment year(s) 1973-74.

Notification: S.O.1343 Date of Issue: 21/3/1978

March 21, 1978 226 Views 0 comment Print

Notification: S.O.1343 Central Government hereby notifies St. Joseph’s Church Trust, Dahod, for the purpose of the said section for and from the assessment year(s) 1977-78.

Notification: S.O.1994 Date of Issue: 18/3/1978

March 18, 1978 274 Views 0 comment Print

Notification: S.O.1994 Central Government hereby notifies Army Officers’ Contributory Education Fund for the purpose of the said section for the assessment year(s) 1973-74, 1974-75 and 1975-76 also.

Notification: S.O.178(E) Date of Issue: 17/3/1978

March 17, 1978 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

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