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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


151 FAQs on Finance Bill (Budget) 2025 in India

Income Tax : Explore 151 FAQs on Finance Bill 2025, covering tax provisions, IFSC benefits, TDS/TCS, transfer pricing, and more for informed fi...

March 4, 2025 138 Views 0 comment Print

Search and Seizure: GST vs. Income Tax Key Differences

Income Tax : Compare GST and Income Tax search and seizure processes, highlighting key differences in scope, authority, and taxpayer rights. Le...

March 4, 2025 330 Views 0 comment Print

Tax-Saving Strategies for Taxpayers in this March!!!

Income Tax : Krishna, as in March the end of the financial year approaches, many people start thinking about how to save more tax. After all, a...

March 4, 2025 312 Views 0 comment Print

eTDS Return Corrections – An Overview

Income Tax : Understand eTDS return corrections, the six-year revision limit, and challenges in claiming TDS credit. Learn how tax adjustments ...

March 4, 2025 966 Views 0 comment Print

Why CS Should Be Accountants Under Income-Tax Bill 2025 – A Research

Income Tax : Explore our analysis on including Company Secretaries as Accountants under the Income-Tax Bill 2025. Benefits include improved com...

March 4, 2025 4146 Views 0 comment Print


Latest News


Include ‘Cost Accountant’ in definition of ‘Accountant’ under Income Tax Bill 2025: ICMAI

Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...

February 21, 2025 10266 Views 0 comment Print

Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 11286 Views 0 comment Print

ICMAI on Non-inclusion of ‘Cost Accountant’ in Income Tax Bill 2025

Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...

February 17, 2025 20187 Views 3 comments Print

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...

February 15, 2025 1275 Views 0 comment Print

KSCAA Seeks Clarity on Eligibility of Appeals with Delay Condonation under VSVS

Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...

February 15, 2025 174 Views 0 comment Print


Latest Judiciary


Section 270A doesn’t require presence of mens rea for levy of penalty

Income Tax : ITAT Bangalore held that that mens rea is not an essential condition for imposing penalties under civil acts. Penalty u/s. 270A of...

March 4, 2025 39 Views 0 comment Print

Ex-parte order without affording opportunity of being heard is against principle of natural justice

Income Tax : Bombay High Court held that passing of ex-parte order without affording a reasonable opportunity of being heard to the assessee is...

March 4, 2025 18 Views 0 comment Print

Reopening of assessment without fresh tangible material not sustainable: Bombay HC

Income Tax : Bombay High Court held that reopening of assessment without fresh tangible material based upon mere change of opinion is unsustain...

March 4, 2025 36 Views 0 comment Print

Grant of compassionate appointment should be only in “hand-to-mouth” cases subject to all the other conditions being fulfilled

Income Tax : Employment on compassionate grounds had been evolved to help dependents, of our employees who die or become totally and permanentl...

March 4, 2025 18 Views 0 comment Print

Delhi HC Advises Review of GST Notices & Orders Issued Before 16-01-2024

Income Tax : Delhi High Court directs tax authorities to review show-cause notices uploaded before 16 January 2024 and develop remedial measure...

March 4, 2025 162 Views 0 comment Print


Latest Notifications


Select Committee of Lok Sabha to examine Income-Tax Bill, 2025

Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...

February 27, 2025 381 Views 0 comment Print

CBDT Amends Rules 12CA, 12CC & Forms 10IH, 64A, 64B, 64C, 64D, 64E & 64F

Income Tax : CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, imp...

February 25, 2025 2163 Views 0 comment Print

All about Income Tax / TDS Deduction from Salaries for FY 2024-25

Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...

February 21, 2025 11106 Views 0 comment Print

CBDT extends Due Date for Filing Form 56F for AY 2024-25

Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...

February 19, 2025 8136 Views 0 comment Print

Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 942 Views 0 comment Print


Interim Budget 2024 – Personal Taxation – Key Aspects

February 1, 2024 1263 Views 0 comment Print

Explore the significant aspects of the Interim Budget 2024, covering personal tax rates, surcharge updates, old tax demands waiver, and expectations for the final budget.

Non-supply of relevant documents: HC set-aside Reassessment order & SCN

February 1, 2024 510 Views 0 comment Print

Explore the Chhattisgarh High Courts full judgment in Vinod Lalwani vs Union of India under the Income Tax Act. Detailed analysis of the order, objections, and implications.

HC Criticizes Vague Show Cause Notice, Likens Search to ‘Finding a Needle in a Haystack

February 1, 2024 975 Views 0 comment Print

Explore the Delhi High Court judgment in Mahashian Di Hatti Pvt. Limited Vs DCIT regarding an income tax notice. Detailed analysis, key points, and legal implications.

Jurisdictional Submission Required for Continuing Section 148 Notice against Deceased’s Legal Representative

February 1, 2024 798 Views 0 comment Print

Chandreshbhai Jayantibhai Patel Vs ITO (Gujarat High Court): Notice issued to a dead person under Section 148 cannot be continued against the legal representative unless the legal representative submits to jurisdiction without raising objections

SOP for CBDT Transfers: Streamlining Postings and Transfers Process

February 1, 2024 1239 Views 0 comment Print

Explore the new Standard Operating Procedure (SOP) for CBDT transfers at the level of US and above. Learn the process, guidelines, and how officers can apply. Stay informed!

Taming the Tax Tiger: India’s Digital Revolution in Tax Administration & Compliance

February 1, 2024 1137 Views 0 comment Print

Explore the metamorphosis of India tax landscape through digitalization and artificial intelligence. Uncover the impact, ongoing efforts, and future advancements shaping tax administration and compliance

Finance Bill, 2024 for Interim Budget 2024-2025

February 1, 2024 12588 Views 0 comment Print

The Finance Bill, 2024, also known as Bill No. 14 of 2024, is a legislative proposal introduced in the Lok Sabha, the lower house of the Parliament of India. The bill was introduced on the 1st of February, 2024. The Finance Bill is a crucial part of the Union Budget, as it lays out the government’s proposed financial […]

Interim Union Budget 2024: Changes related to Direct and Indirect Taxes

February 1, 2024 8754 Views 0 comment Print

Introduction: In the recent Interim Budget speech for the fiscal year 2024-2025, Finance Minister Nirmala Sitharaman outlined significant achievements in both direct and indirect tax sectors over the past decade. The budget showcased a robust growth in direct tax collections, accompanied by a noteworthy expansion in the number of return filers. The Finance Minister acknowledged […]

Income Tax Act, 1961: Sections 207-219 – Advance Tax Provisions & Analysis

February 1, 2024 7824 Views 0 comment Print

Explore Sections 207 to 219 of the Income Tax Act, 1961, covering Advance Tax provisions, due dates, and in-depth analysis. Understand computation, liability, and payment with detailed insights.

Resale Price Method (RPM) in Transfer Pricing: Analysis 

February 1, 2024 5913 Views 0 comment Print

Explore the intricacies of Resale Price Method (RPM) in transfer pricing. Understand its components, implementation steps, and real-world applications. Dive into case examples highlighting strengths, weaknesses, and considerations for reliable comparisons

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