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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


Budget 2025: New Income Tax Slabs up to ₹12 Lakh Tax-Free

Income Tax : Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old...

July 27, 2025 5022 Views 0 comment Print

CBDT Waives Interest on TDS/TCS Tech Defaults due to Technical Glitches

Income Tax : The CBDT has introduced a new mechanism through Circulars 5/2025 and 8/2025 to waive interest on delayed TDS/TCS payments caused b...

July 26, 2025 3060 Views 0 comment Print

Taxation of SWP, IDCW & Growth Fund Redemption & Tax Savings Opportunities

Income Tax : Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth Funds...

July 26, 2025 285 Views 0 comment Print

Section 12AB / 80G applications: Mind the sub-clauses & section codes

Income Tax : Avoid rejection of 12AB / 80G applications. Understand relevant sub-clauses, registration types, and recent amendments for Income ...

July 26, 2025 2580 Views 0 comment Print

Income Tax Refund Scam – Cyber Frauds Targeting Taxpayers

Income Tax : Learn about active income tax refund scams, how to identify fake emails, and essential steps to protect your financial information...

July 26, 2025 11988 Views 0 comment Print


Latest News


Suggestions for Streamlining Renewal Process under Section 12AB & 80G

Income Tax : Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing f...

July 24, 2025 4902 Views 0 comment Print

Income-Tax Bill 2025: Tax Audit Restricted to Chartered Accountants – Accountant Definition Unchanged

Income Tax : Income-Tax Bill 2025: The Select Committee debated expanding the "accountant" definition. The Ministry of Finance upholds the Char...

July 22, 2025 32328 Views 1 comment Print

Download Report of Select Committee on Income-Tax Bill, 2025

Income Tax : India's New Income-Tax Bill 2025: Introduced to simplify the nation's direct tax laws, this bill aims to reduce complexity, enhanc...

July 22, 2025 1149 Views 0 comment Print

Government Reports VDA Tax Collection and Compliance

Income Tax : India's Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion c...

July 21, 2025 273 Views 0 comment Print

CBI Arrests Income Tax Officials in Patna for Bribe

Income Tax : Three Income Tax Department officials, including an Assistant Director, were arrested by the CBI in Patna for accepting a Rs. 2 la...

July 19, 2025 801 Views 0 comment Print


Latest Judiciary


Hyatt international has PE in India hence income attributable is taxable in India

Income Tax : Supreme Court held that Hyatt International has a fixed place Permanent Establishment in India within the meaning of Article 5(1) ...

July 28, 2025 264 Views 0 comment Print

Surplus funds of charitable institution can be used only for charitable activity

Income Tax : ITAT Chandigarh held that surplus funds of a charitable institution are being held in a fiduciary capacity hence can never be used...

July 28, 2025 132 Views 0 comment Print

Penalty u/s. 270A(9)(a) cannot be sustained as specific instance of misreporting not stated

Income Tax : ITAT Delhi held that imposition of penalty u/s. 270A(9)(a) of the Income Tax Act without mentioning the specific instance of misre...

July 28, 2025 276 Views 0 comment Print

Delay Miscalculated, NFAC Must Rehear Appeal on Grants, Interest Income

Income Tax : ITAT Ahmedabad holds NFAC wrongfully dismissed appeal on delay; remands case involving ₹213 Cr additions on grants and accrued i...

July 28, 2025 117 Views 0 comment Print

Taxability of service receipt in terms of India-Thailand DTAA needs fresh consideration: ITAT Delhi

Income Tax : ITAT Delhi held that taxability of service receipt amounts in terms of India- Thailand DTAA needs fresh consideration since releva...

July 28, 2025 120 Views 0 comment Print


Latest Notifications


CBDT approves IQRAA International Hospital and Research Centre for scientific research exemption

Income Tax : CBDT approves IQRAA International Hospital And Research Centre for scientific research exemption from AY 2026-27 to AY 2030-31 vid...

July 25, 2025 57 Views 0 comment Print

CBDT Approves Gitarthganga for Social Science or Statistical Research Tax Deduction

Income Tax : CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27...

July 25, 2025 54 Views 0 comment Print

Puducherry Construction Workers Welfare Board Income Tax Exemption

Income Tax : The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for specifi...

July 23, 2025 102 Views 0 comment Print

AP Construction Workers Board Gets Income Tax Exemption

Income Tax : Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income, including cess ...

July 23, 2025 87 Views 0 comment Print

Moradabad Development Authority Gets Income Tax Exemption

Income Tax : The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25, under ...

July 23, 2025 75 Views 0 comment Print


Notification No.302/2003 – Income Tax Dated 21/11/2003

November 21, 2003 427 Views 0 comment Print

Notification No.302 – Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2003-2004, 2004-2005 and 2005-2006

Notification No.301/2003- Income Tax Dated 21/11/2003

November 21, 2003 385 Views 0 comment Print

Notification No.301- Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003

Notification No.299/2003 – Income Tax Dated 21/11/2003

November 21, 2003 1807 Views 0 comment Print

Notification No.299 – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Notification No.298/2003 – Income Tax Dated 20/11/2003

November 20, 2003 376 Views 0 comment Print

Notification No.298 – Income Tax In exercise of the powers conferred by section 295, read with Sub-section (2) of Section 44DA, of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (Twenty-Seventh Amendment) Rules, 2003. (2) They shall come into force from the date of publication in the Official Gazette. 2. In the Income-tax

Notification No.296/2003 – Income Tax Dated 19/11/2003

November 19, 2003 424 Views 0 comment Print

Notification No.296 – Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005. 2. The approval is subject to the condition that- (i) the enterprise/industrial undertaking will conform to and comply with the

Notification No.295/2003 – Income Tax Dated 19/11/2003

November 19, 2003 346 Views 0 comment Print

Notification No.295 – Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2003-2004, 2004-2005 and 2005-2006. 2. The approval is subject to the condition that- (i) the enterprise/industrial undertaking will conform to and comply with the

Circular No. 9/2003-Income Tax Dated 18-11-2003

November 18, 2003 1610 Views 0 comment Print

Income Tax Circular No. 9/2003 Reference is invited to Circular No. 13/2002 dated 23-12-2002 wherein the the rates of deduction of income-tax from the payment of income under the head ‘Salaries’ under section 192 of the Income-tax Act, 1961, during the financial year 2002-03, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under

Notification No.294/2003 – Income Tax Dated 14/11/2003

November 14, 2003 355 Views 0 comment Print

Notification No.294 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category “Association” subject to the following conditions

Notification No.293/2003 – Income Tax Dated 14/11/2003

November 14, 2003 265 Views 0 comment Print

Notification No.293 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (hi) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category “Institution” subject to

Notification No.292/2003 – Income Tax Dated 13/11/2003

November 13, 2003 397 Views 0 comment Print

Notification No.292 – Income Tax In exercise of powers conferred by section 295, read with section SOLA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

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