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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.2215 Date of Issue: 15/3/1978

March 15, 1978 199 Views 0 comment Print

Notification: S.O.2215 (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.2043 Date of Issue: 15/3/1978

March 15, 1978 367 Views 0 comment Print

Notification: S.O.2043 Central Government hereby notifies “The Coimbatore Diocese Society” for the purpose of the said section for and from the assessment year(s) 1973-74.

Notification: S.O.1972 Date of Issue: 15/3/1978

March 15, 1978 211 Views 0 comment Print

Notification: S.O.1972 (i) Armed Forces Benevolent Fund (ii) Special Fund for Reconstruction & Rehabilitation of Ex-Servicemen (iii) Armed Forces Re-Construction Fund (iv) India Gorkha Ex-Servicemen’s Welfare Fund (v) Central Post War Re-settlement Fund (vi) Armed Forces Flag Day Fund (vii) War Bereaved & Disabled Servicemen Special Relief Fund (viii) India Soldiers, Sailors & Airmen’s Board Fund

Notification: S.O.1583 Date of Issue: 15/3/1978

March 15, 1978 289 Views 0 comment Print

Notification: S.O.1583 In continuation of this Department Notification No. 1236 dated 19-2-76, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, 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(ii) of the Income-tax Rules, 1962, under the category of “Scientific Resea

Notification: S.O.1582 Date of Issue: 10/3/1978

March 10, 1978 349 Views 0 comment Print

Notification: S.O.1582 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: S.O.1971 Date of Issue: 9/3/1978

March 9, 1978 178 Views 0 comment Print

Notification: S.O.1971 Central Government hereby notifies Cancer Relief Society, Nagpur, for the purpose of the said section for and from the assessment year(s) 1977-78.

Notification: S.O.1970 Date of Issue: 9/3/1978

March 9, 1978 355 Views 0 comment Print

Notification: S.O.1970 Central Government hereby notifies Nabik Griha Samity for the purpose of the said section for and from the assessment year(s) 1969-70.

Notification: S.O.1969 Date of Issue: 4/3/1978

March 4, 1978 340 Views 0 comment Print

Notification: S.O.1969 (i) I. A. F. Benevolent Association (ii) Air Force Officer’s Contributory Education Fund (iii) Air Force Wives’ Welfare Association

Notification: S.O.1968 Date of Issue: 4/3/1978

March 4, 1978 381 Views 0 comment Print

Notification: S.O.1968 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 (i) Army Officers’ Benevolent Fund, (ii) Army Central Welfare Fund for the purpose of the said section for the asses

Notification: S.O.1967 Date of Issue: 4/3/1978

March 4, 1978 2990 Views 0 comment Print

Notification: S.O.1967 Central Government hereby notifies (i) Indian Naval Benevolent Association (ii) Indian Naval Association Fund and (iii) Naval Officer’s Contributory Education Fund for the purpose of the said section for and from the assessment year 1962-63.Notification: S.O.1967

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