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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


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 828 Views 0 comment Print

India-Mauritius: Implications of Principal Purpose Test

Income Tax : India and Mauritius have amended the DTAA, adding a principal purpose test (PPT) rule to close tax loopholes and align with global...

August 19, 2024 48 Views 0 comment Print

Tax Implications of Raksha Bandhan Gifts: What You Need to Know

Income Tax : Understand the tax implications of Raksha Bandhan gifts. Learn about exemptions for gifts from relatives and the tax rules for gif...

August 19, 2024 1107 Views 0 comment Print

Finance (No. 2) Act 2024 – Key Amendments relating to Direct Taxes

Income Tax : The Finance (No 2) Act 2024 has been notified on 16th August 2024. The Finance Act sections 1 to 99 (Page 1 to 54) amends Income T...

August 18, 2024 4017 Views 0 comment Print

Vivad Se Vishwas Scheme, 2024

Income Tax : The provisions of Income Tax Act, provide for mechanism of filling of appeals against orders passed under the proceedings of the A...

August 18, 2024 633 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 957 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 285 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 537 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 255 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 3057 Views 0 comment Print


Latest Judiciary


No Penalty for Misreporting Without Malafide Intent: ITAT Delhi

Income Tax : ITAT Delhi ruled that penalties for income misreporting cannot be imposed if there's no malafide intention. Pranav Vikas India Pvt...

August 19, 2024 39 Views 0 comment Print

Appellant Allowed to Submit Objections to GST Notice; Calcutta HC Directs Fresh Adjudication by Joint Commissioner

Income Tax : Calcutta High Court allows Truvolt Engineering time to file objections against a notice during ongoing credit blocking proceedings...

August 19, 2024 27 Views 0 comment Print

Calcutta HC Invalidates CGST Assessment Order Passed Without Hearing, Orders Re-adjudication

Income Tax : Calcutta HC directs reassessment after invalidating CGST assessment order due to lack of opportunity for hearing....

August 19, 2024 21 Views 0 comment Print

Reassessment Notice not received: Calcutta HC Directs PCIT to Reconsider the matter

Income Tax : Calcutta HC directs PCIT to reconsider reassessment as notice was not received by the assessee. The case is remanded for fresh con...

August 19, 2024 18 Views 0 comment Print

JCIT Can’t Transfer Income Tax Cases Without Hearing: Patna HC

Income Tax : Patna High Court decides that the JCIT cannot transfer a case under Section 127 without giving the assessee an opportunity to be h...

August 19, 2024 30 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 402 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 3111 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 11649 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 285 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 81 Views 0 comment Print


Notification No. S.O.1062, Date of Issue: 13/1/1977

January 13, 1977 325 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 by the prescribed authority the Department of Science and Technology New Delhi.

Notification No. S.O.737 Date of Issue: 13/1/1977

January 13, 1977 274 Views 0 comment Print

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

Notification No. S.O.18(E), Date of Issue: 12/1/1977

January 12, 1977 3751 Views 0 comment Print

Provided that where the person keeps and maintains seperate books of account in respect of each place where the profession is carried on such books of account and other documents may be kept and maintained at the respective places at which the profession is carried on.

Notification No. S.O.736, Date of Issue: 11/1/1977

January 11, 1977 268 Views 0 comment Print

That the said University 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.

Circular No. 209-Income Tax dated 11-1-1977

January 11, 1977 366 Views 0 comment Print

Circular : No. 209 -Income Tax Section 244(1) provides that where a refund is due to the assessee as a result of any order passed in appeal, or other proceedings under the Act and the refund is not granted within a period of three months from the end of the month in which such order is passed, the assessee will be entitled to receive simple interest at 12 per cent per annum on the amount of the refund due from the

Notification No. S.O.1232, Date of Issue: 7/1/1977

January 7, 1977 382 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 Salvation Army 16 A Shankershat Road Poona for the purpose of the said section for and from the assessment year 1976-77.

Notification No. S.O.1985, Date of Issue: 6/1/1977

January 6, 1977 250 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 the following institutions for the purpose of the said section for and from the assessment year 1973-74.

Notification No. S.O.1279, Date of Issue: 4/1/1977

January 4, 1977 223 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.

Notification No. S.O.637, Date of Issue: 3/1/1977

January 3, 1977 319 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

Notification: S.O.2087 Date of Issue: 31/12/1976

December 31, 1976 319 Views 0 comment Print

Notification: S.O.2087 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 Raja Rajeswar

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