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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 1638 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 435 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 2364 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 357 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 6009 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 174 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 3627 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 507 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 4911 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 6492 Views 0 comment Print


Latest Judiciary


Order u/s 148A(d) treated as notice u/s 148A(b) because reasons in order differed from those in original notice

Income Tax : The Madras High Court ruled in Satluj Credit & Holdings Pvt Ltd Vs ITO that discrepancies between reasons in notices u/s 148A(b) a...

July 23, 2024 6 Views 0 comment Print

Order based on mechanical approval u/s 153D unsustainable: ITAT Delhi

Income Tax : ITAT Delhi held that approval granted u/s. 153D of the Income Tax Act by the superior authority in mechanical manner has no legal ...

July 23, 2024 48 Views 0 comment Print

Personal hearing not granted despite request: HC set-aside Section 148A(d) Order

Income Tax : Detailed analysis of Calcutta HC's judgment in Anup Kumar Agarwal vs Union of India, addressing issues under Sections 148A and 151...

July 23, 2024 36 Views 0 comment Print

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 171 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 90 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 108 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 258 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 147 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 108 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 123 Views 0 comment Print


Notification No. S.O.3331, Date of Issue: 19.10.1965

October 19, 1965 2377 Views 0 comment Print

In pursuance of clause (4) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following securities for the purposes of that clause, namely :—

Circular No. 3-P-Income Tax dated 11/10/1965

October 11, 1965 1596 Views 0 comment Print

Circular No. 3-P – Income Tax Amongst the various amendments to the Income-tax Act, those which are designed primarily, to simplify and rationalise the tax structure, and the corresponding provisions in the Finance Act, 1965 which lay down a new simplified rate structure of income-tax, may be broadly classified under the following heads

Notification No. S.O.3140, Date of Issue: 25.09.1965

September 25, 1965 292 Views 0 comment Print

Notification: S.O.3140 Government hereby notifies the following temple as a place of public worship of renown throughout the State of Rajasthan for the purposes of the said section Shree Rama Vaikunth Temple, Pushkar (Ajmer)

Notification No. S.O. 3048, Date of Issue: 23.09.1965

September 23, 1965 351 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iii) of clause (44) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises every Sub-Divisional Officer (Civil) in the Hill Areas of Churachandpur, Tamenglong, Ukhrul, Mao and Sadar Hills, Tengoupal and Jiribam in the Union Territory of Manipur to exercis

Notification No. S.O. 3047, Date of Issue: 20.09.1965

September 20, 1965 381 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 Brihadiswaraswami Temple, Thanjav

Notification No. S.O. 2876, Date of Issue: 09.09.1965

September 9, 1965 364 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 Poovnanathaswamy Temple, Kovilpatti, Tirunelveli District, Madras State, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification No. S.O. 2875, Date of Issue: 06.09.1965

September 6, 1965 802 Views 0 comment Print

It is hereby notified for general information that the institutions mentioned below have been approved by the Council of Scientific and Industrial 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).

Claim for depreciation- Where required particulars not been furnished

August 31, 1965 3092 Views 0 comment Print

Numerous instances have come to the notice of the Board where assessee’s claim for depreciation duly shown in the return was not considered by the Income-tax Officer because books of account produced were not properly maintained and it was necessary to estimate profits by invoking the proviso to section 13 of the 1922 Act.

Notification: S.O.2800 Date of Issue: 30/8/1965

August 30, 1965 399 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 Lakhmi Narasimha Swamy Devasthanam, Ahobilam Village, Allagadda Taluk, District Kurnool, Andhra Pradesh, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2599 Date of Issue: 10/8/1965

August 10, 1965 313 Views 0 comment Print

Notification: S.O.2599 Cancer Institute (W. I. A.), Madras 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).

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