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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


ITR Filing 2024: Why Taxpayers Demand July 31 Deadline Extension?

Income Tax : Discover why taxpayers are urging for an extension of July 31 ITR filing deadline in 2024. Learn about ITR forms, filing steps, co...

July 23, 2024 18 Views 0 comment Print

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 150 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 2052 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 345 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 5574 Views 2 comments 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 93 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 3573 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 492 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 4866 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 6450 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 78 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 63 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 126 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 300 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 216 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 87 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 249 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 144 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 102 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 117 Views 0 comment Print


Shree Meenakshi Mills Ltd. vs Commissioner Of Income-Tax (Supreme Court)

September 20, 1966 11606 Views 0 comment Print

Expenditure incurred to resist in a civil proceeding the enforcement of a measure-legislative or executive, which imposes restrictions on the carrying on of a business or to obtain a declaration that the measure is invalid would.

Notification: S.O.2772 Date of Issue: 15/9/1966

September 15, 1966 448 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 2451, dated the 10th August, 1966, published on pages 1225 to 1229 in Part II, Section 3, Sub-section (ii) of the Gazette of India, Extraordinary, da

Notification: S.O.2451 Date of Issue: 10/8/1966

August 10, 1966 418 Views 0 comment Print

Notification: S.O.2451 This Notification contains Amendment to Income-tax (Second Amendment) Rules, 1966 carried out on 10th August, 1966 not reproduced here as it is already contained in the body of the Rules itself

Circular No. 4-P-Income Tax dated 21/7/1966

July 21, 1966 1110 Views 0 comment Print

Circular No.4-P – Income Tax Individuals, Hindu undivided families, unregistered firms, associations of persons (other than co-operative societies), bodies of individuals and artificial juridical persons – In the case of taxpayers of these categories, the gradation of income slabs and the rates of income-tax applicable thereto are the same as for the assessment year 1965-66, under the Finance Act, 1965. The basis and the rates for the levy of surcharges on the

Notification: S.O.2297 Date of Issue: 19/7/1966

July 19, 1966 424 Views 0 comment Print

the Income-tax Officer, Ward-A, Bulsar, shall have jurisdiction for the purpose of making any assessment for any assessment year prior to the assessment year commencing on the 1st April, 1963, under the Income-tax Act, 1961 (43 of 1961), or the Indian Income-tax Act, 1922 (11 of 1922), in respect of all persons residing or having their p

Notification: S.O.2290 Date of Issue: 14/7/1966

July 14, 1966 334 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Chandra Choodeswara Swamy Temple, Hosur, Salem District, Madras State, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2289 Date of Issue: 14/7/1966

July 14, 1966 271 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shamlaji Temple, Shamlaji Taluka, Bhiloda District, Sabarkantha (Gujarat), to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2080 Date of Issue: 11/7/1966

July 11, 1966 333 Views 0 comment Print

This notification contains amendments to Income-tax Rules carried out on 11th July, 1966 not reproduced here as it is already contained in the body of th

Notification: S.O.2288 Date of Issue: 25/6/1966

June 25, 1966 439 Views 0 comment Print

Notification: S.O.2288 – Indian Jute Industries Research Association, Calcutta – 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.1704 Date of Issue: 30/5/1966

May 30, 1966 310 Views 0 comment Print

Notification: S.O.1704 Kothari Scientific and Research Institute, Calcutta It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

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