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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


Union Budget 2024-25 – Corporate Tax Wishlist

Income Tax : Explore key corporate tax proposals for Union Budget 2024-25: lower tax rates, new incentives, and rationalized TDS to boost growt...

July 22, 2024 114 Views 0 comment Print

Calcutta, Films, and Income tax

Income Tax : Explore the intriguing history of Calcutta's film industry pre-1947 and the income tax challenges faced by iconic artists, offerin...

July 22, 2024 1965 Views 0 comment Print

Budget 2024 Expectation: Iron out enigma of tax implication for goodwill on corporate reorganization

Income Tax : Explore Budget 2024 expectations on resolving tax implications for goodwill in corporate reorganization. Analyzing legal amendment...

July 22, 2024 318 Views 0 comment Print

The ongoing issues of Tax Rebate Section 87A on Special income wef 5th July 2024

Income Tax : Explore the ongoing issues of tax rebate under Section 87A for short-term capital gains on shares, following the new utility relea...

July 22, 2024 5460 Views 2 comments Print

Income Tax: Controversy of Tax Rebate under Section 87A

Income Tax : Explore controversy surrounding Section 87A of Income Tax Act and its impact on short-term capital gains. Learn why rebate was sud...

July 21, 2024 6975 Views 1 comment Print


Latest News


Economic Survey 2023- 24

Income Tax : Explore India's impressive economic growth, government initiatives, and the challenges ahead in sustaining development through str...

July 22, 2024 75 Views 0 comment Print

आयकर पोर्टल गड़बड़ियों के कारण समस्याएं और समय सीमा बढ़ाने का अनुरोध

Income Tax : आयकर पोर्टल की तकनीकी गड़बड़ियों के कारण करदाताओ...

July 20, 2024 3555 Views 1 comment Print

CBDT awards Taxnet 2.0 Project to M/s Bharti-Airtel Ltd

Income Tax : The CBDT awards the Taxnet 2.0 project to Bharti-Airtel Ltd, enhancing the IT Department’s digital infrastructure with secure, r...

July 20, 2024 489 Views 0 comment Print

Faulty ITR Filing Utility not allowing legitimate section 87A rebate: Immediate Rectification demanded

Income Tax : Faulty Income Tax Return (ITR) Filing Utility are currently enforcing incorrect income tax liability by not allowing legitimate cl...

July 19, 2024 4863 Views 1 comment Print

Issues on Income Tax Portal: Request for ITR Deadline Extension

Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...

July 18, 2024 6429 Views 0 comment Print


Latest Judiciary


HC Quashes Section 148A(d) order as approval was not from correct specified authority

Income Tax : Calcutta High Court quashes IT order against Triton Overseas for jurisdictional issues under Section 148A(d). Learn about the Cour...

July 22, 2024 66 Views 0 comment Print

ITAT Mumbai deletes penalty where addition was made on estimation basis

Income Tax : ITAT Mumbai removes penalty imposed on Sunil Bhagwandas Vorani (HUF) as addition was made on estimation basis, not due to concealm...

July 22, 2024 51 Views 0 comment Print

TDS not deductible u/s 195 as services utilised outside India: ITAT Delhi

Income Tax : ITAT Delhi held that income of non-resident is not liable for deduction of tax at source u/s. 195 as amount paid is covered in exc...

July 22, 2024 114 Views 0 comment Print

Assessee Not Penalized for CA’s Fault; 1430 Appeal Delay Condoned

Income Tax : Read the full text of ITAT Ahmedabad's order where the delay in filing an appeal by the assessee was condoned due to CA negligence...

July 22, 2024 291 Views 0 comment Print

JAO has no Authority for Sections 148A(b) & 148A(d) Notices Outside Faceless Assessment

Income Tax : Bombay High Court rules on jurisdiction of JAO to issue reassessment notices under faceless assessment, impacting Income Tax Act S...

July 22, 2024 192 Views 0 comment Print


Latest Notifications


Notification No. 71/2024-Income Tax Dated: 18th July, 2024

Income Tax : Discover the key update in Income Tax Notification No. 71/2024, which extends the compliance deadline from March 31, 2024, to Marc...

July 20, 2024 81 Views 0 comment Print

Notification No. 65/2024-Income Tax Dated: 18th July, 2024

Income Tax : Read about Income Tax Notification No. 65/2024 dated 18th July, 2024, amending provisions under section 10 of the Income-tax Act, ...

July 19, 2024 243 Views 0 comment Print

Notification No. 64/2024-Income Tax Dated: 18th July, 2024

Income Tax : Discover the latest amendment in Income Tax Notification No. 64/2024, extending the deadline to March 31, 2025. Learn about its im...

July 19, 2024 141 Views 0 comment Print

Notification No. 63/2024-Income Tax Dated: 18th July, 2024

Income Tax : CBDT extends tax exemption deadline under Section 10(23FE) to March 31, 2025. Read the full details of Notification No. 63/2024 an...

July 19, 2024 99 Views 0 comment Print

Notification No. 62/2024-Income Tax Dated: 18th July, 2024

Income Tax : Explore Notification No. 62/2024 issued by the Ministry of Finance, Department of Revenue, amending Income Tax Act provisions effe...

July 19, 2024 114 Views 0 comment Print


Notification: S.O.2883 Date of Issue: 24/8/1968

August 24, 1968 307 Views 0 comment Print

Notification: S.O.2883 This Notification contains amendment to Income-tax (Fifth Amendment) Rules, 1968 carried out on 24th August, 1968 not reproduced here as it is already contained in the body of the Rules itself.

Notification: S.O.2984 Date of Issue: 20/8/1968

August 20, 1968 327 Views 0 comment Print

Notification: S.O.2984 Vedhashala Astronomical Observatory, Ahmedabad -It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification: S.O.2751 Date of Issue: 2/8/1968

August 2, 1968 364 Views 0 comment Print

Notification: S.O.2751 This Notification contains amendment to Income-tax (Fourth Amendment) Rules, 1968 carried out on 2nd August, 1968 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.2787 Date of Issue: 24/7/1968

July 24, 1968 331 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 122 of the Income-tax Act, 1961 (43 of 1961), and all other powers enabling in that behalf, the Central Board of Dire

Circular No. 6-P-Income Tax dated 6-7-1968

July 6, 1968 3357 Views 0 comment Print

Circular No. 6-P-Income Tax The rates of income-tax for the assessment year 1968-69 in the case of all categories of taxpayers (corporate as well as non-corporate) are specified in Part I of the First Schedule to the Finance Act, 1968. These rates (summarised in Annexure I to this Circular) are the same as those specified in Part III of the First Schedule to the Finance (No. 2) Act, 1967, for the purpose

Notification: S.O.2431 Date of Issue: 2/7/1968

July 2, 1968 435 Views 0 comment Print

In pursuance of sub-clause (iv) of clause (a) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Public Provident Fund established under the Public Provident Fund Scheme, 1968, as a provident fund to which the said sub-clause shall apply

Notification: S.O.2430 Date of Issue: 2/7/1968

July 2, 1968 4513 Views 0 comment Print

In pursuance of clause (11) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Public Provident Fund established under the Public Provident Fund Scheme, 1968, as a provident fund to which the said clause shall apply

Notification: S.O.2149 Date of Issue: 13/6/1968

June 13, 1968 1059 Views 0 comment Print

Notification: S.O.2149 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the National Small Industries Corporation Ltd., New Delhi, for the purposes of the said sub-clause

Notification: S.O.2169 Date of Issue: 10/6/1968

June 10, 1968 316 Views 0 comment Print

Notification: S.O.2169 N.M. Wadia Institute of Cardiology, Poona 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 (43 of 1961).

Circular No. 4-P[LXXVI-65]-Income Tax dated 7-6-1968

June 7, 1968 536 Views 0 comment Print

Circular No. 4-P[LXXVI-65]-Income Tax Section 32 of the Finance Act, 1968 has amended certain provisions of the Wealth-tax Act, 1957. These amendments relate to the provisions in section 5 for the exemption from wealth-tax in respect of certain assets; provisions in section 18 for the imposition of penalty for concealment or understatement of wealth, and the rate schedule of ordinary wealth-tax in Paragraph A of Part I of the Schedule.

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