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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


New Section 194T TDS Rules: Impact on Taxpayers, Effective April 2025

Income Tax : New TDS Rules Under Section 194T: Impact on Taxpayers & Businesses – Effective from 1st April 2025 Introduction The Finance ...

March 18, 2025 288 Views 0 comment Print

AI, Automation, Recession, and Income Tax Law in India

Income Tax : Explore the economic impact of AI, automation, and recession on India. Understand how income tax laws may evolve to address unempl...

March 18, 2025 210 Views 0 comment Print

Key Tax Tasks to Complete Before March 31, 2025

Income Tax : Ensure tax compliance before March 31, 2025. Key tasks include filing returns, verifying TDS, updating accounts, and making necess...

March 18, 2025 2634 Views 0 comment Print

Key Income Tax Changes for Partnership Firms Starting April 1, 2025

Income Tax : Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandat...

March 18, 2025 4464 Views 0 comment Print

Tax Deduction at Source on Payments to Non-Residents

Income Tax : Learn about TDS on payments to non-residents, including business connection rules, royalty provisions, and significant economic pr...

March 17, 2025 4752 Views 0 comment Print


Latest News


Direct Tax & Advance Tax Collections for F.Y. 2024-25 as on 16.03.2025

Income Tax : India's direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains ...

March 17, 2025 423 Views 0 comment Print

CBDT Clarifies Guidance on Principal Purpose Test (PPT)

Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...

March 17, 2025 573 Views 0 comment Print

Corporate Tax Collection Trends & Foreign Investment Policies

Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...

March 16, 2025 102 Views 0 comment Print

Impact of New Income Tax Bill 2025 on Compliance & Revenue

Income Tax : The Income Tax Bill 2025 aims to simplify tax laws with no major policy changes. It enhances clarity, reduces ambiguities, and ali...

March 16, 2025 300 Views 0 comment Print

Govt Expects 12.65% Rise in Income Tax Collections Despite Tax Rate Cut

Income Tax : The Finance Bill 2025 projects a 12.65% rise in income tax collections despite tax cuts, with estimated receipts of ₹25.20 lakh ...

March 16, 2025 102 Views 0 comment Print


Latest Judiciary


Tax Appeal Delay: Wife’s Illness Condones 147 Days | ITAT Rajkot

Income Tax : ITAT Rajkot condones 147-day delay in tax appeal due to wife's illness. Case remanded to CIT(A) for fresh adjudication....

March 19, 2025 12 Views 0 comment Print

Section 80P Deduction Allowed After CCIT Condoned Late Filing

Income Tax : ITAT Rajkot dismisses Liliya Lathi Sahkari Sangh’s appeal as infructuous after CCIT condones late filing delay, directing AO to ...

March 19, 2025 15 Views 0 comment Print

Truck Sale Proceeds Not Unexplained Cash: ITAT Pune

Income Tax : ITAT Pune rules that ₹10 lakh from truck sale via banking channel is not unexplained cash credit under Section 68, setting aside...

March 19, 2025 15 Views 0 comment Print

ITAT Restores Section 270A Penalty Immunity Application to AO for Fresh Consideration

Income Tax : ITAT Cochin remanded the case of Malanadu Co-op Bank on penalty immunity under Section 270A, directing AO to review the applicatio...

March 19, 2025 24 Views 0 comment Print

ITAT Quashes Reassessment Due to Discrepancy in Reasons Provided

Income Tax : ITAT Mumbai quashes reassessment in Top Class Capital Markets Pvt Ltd Vs ACIT due to incomplete disclosure of reasons for reopenin...

March 18, 2025 189 Views 0 comment Print


Latest Notifications


CBDT FAQs on Revised Guidelines for Compounding Offences

Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...

March 18, 2025 3405 Views 0 comment Print

CBDT notifies Power Finance Corp Zero Coupon Bond under section 2(48)

Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...

March 11, 2025 1083 Views 0 comment Print

High-Risk and Non PAN Transaction Cases: Insight Portal Guidelines

Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...

March 7, 2025 666 Views 0 comment Print

High-Risk CRIU/VRU Cases and proceedings under Sections 148/148A

Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...

March 7, 2025 651 Views 0 comment Print

Assessment & Investigation of Benami, Foreign Assets & TDS Cases

Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...

March 7, 2025 327 Views 0 comment Print


Notification No. S.O.2022-Income Tax Date 11/3/1986

March 11, 1986 372 Views 0 comment Print

Notification No. S.O.2022-Income Tax It is hereby notified for general information that the approval granted under section 10(2)(xviii) of the Indian Income-tax Act, 1922, to the National Council of Applied Economic Research, New Delhi, vide Ministry of Finance Notification No. 2742, dated 19-11-1956, is hereby superseded and converted into time-bound approval under section 35(1)(iii) of the Income-tax Act, 1961.

Notification No. S.O.2021-Income Tax Dated 11/3/1986

March 11, 1986 264 Views 0 comment Print

Notification No. S.O.2021-Income Tax It is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/One/Two) of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Institution” subject to the following conditions

Notification No. S.O.1952-Income Tax Dated 11/3/1986

March 11, 1986 315 Views 0 comment Print

Notification No. S.O.1952-Income Tax

Notification No. S.O.2020-Income Tax Dated 10/3/1986

March 10, 1986 294 Views 0 comment Print

Notification No. S.O.2020-Income Tax In continuation of this office notification No. 5914 (F. No. 203/35/84-ITA. II) dated 26-7-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Scientific & Industrial Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/One/Two) of the

Notification No. S.O.2019-Income Tax Dated 3/3/1986

March 3, 1986 458 Views 0 comment Print

Notification No. S.O.2019-Income Tax It is hereby notified for general information that the institution mentioned below and in programmes given hereunder have been approved by the Secretary, Department of Environment, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961.

Notification No. S.O.1543-Income Tax Dated 3/3/1986

March 3, 1986 255 Views 0 comment Print

Notification No. S.O.1543-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Sri Athmanathasamy Temple at Thirupperunthurai, Tamil Nadu” as a place of public worship of renown throughout the State of Tamil Nadu.

Notification No. S.O.1542-Income Tax Dated 3/3/1986

March 3, 1986 315 Views 0 comment Print

Notification No. S.O.1542-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “The Sri Valleeswarar Temple/Devasthanam at Mylapore, Madras” as a place of historic importance.

Notification No. S.O.1357-Income Tax Dated 3/3/1986

March 3, 1986 348 Views 0 comment Print

Notification No. S.O.1357-Income Tax In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Sri Sri Thakur Ramchandra Dev Association (Regd.) ” for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.2233-Income Tax Dated 26/2/1986

February 26, 1986 351 Views 0 comment Print

Notification No. S.O.2233-Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Assam Rifles Group Insurance Scheme” for the purpose of the said section for the period covered by the assessment years 1982-83 to 1986-87.

Notification No. S.O.2232-Income Tax Dated 26/2/1986

February 26, 1986 327 Views 0 comment Print

Notification No. S.O.2232-Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Society for Promotion of Waste-lands Development” for the purpose of the said section for the period covered by the assessment years 1983-84 to 1986-87.

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