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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 Income Tax Bill 2025: Streamlining India’s Tax System for Modern Times

Income Tax : Explore the New Tax Bill 2025, replacing the Income Tax Act of 1961. Learn about its simplified structure, global alignment, and c...

February 12, 2025 813 Views 0 comment Print

Flat Taxes in India: Oversimplification or need of the hour?

Income Tax : Explore the feasibility of flat tax in India. Analyze its impact on equity, revenue, and socio-economic challenges compared to pro...

February 12, 2025 114 Views 0 comment Print

Nil Tax Up To Rs. 12 Lakhs Income (FY 2025-26); Tax Computation With Illustrations & FAQs

Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...

February 11, 2025 8445 Views 0 comment Print

Section 194H Applicability on Commission of E-Commerce Operators

Income Tax : The introduction of Section 194O in the Income Tax Act, 1961 for e-commerce transactions, has created certain overlaps with Sectio...

February 11, 2025 213 Views 0 comment Print

Budget 2025 Amendments to Section 72A: Impact on Tax Loss Carry-Forward

Income Tax : Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its im...

February 11, 2025 195 Views 0 comment Print


Latest News


Reminder for Filing TDS Statement 26Q for Q2 FY 2024-25

Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...

February 8, 2025 10482 Views 2 comments Print

Union Cabinet Approves New Income Tax Bill 2025 to Replace 1961 Act

Income Tax : Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India's tax system by replacing the 1961...

February 8, 2025 13374 Views 1 comment Print

CBI Files Case Against 3 Tax Officials, 5 CAs for Sabotaging Faceless Tax Scheme

Income Tax : CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches...

February 7, 2025 12444 Views 0 comment Print

India’s Tax Arrears Reach ₹42.64 Lakh Crore

Income Tax : India's tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litiga...

February 6, 2025 42 Views 0 comment Print

Decriminalization of Minor Direct Tax Offenses in India

Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...

February 6, 2025 66 Views 0 comment Print


Latest Judiciary


Adjustment of disallowance of deduction u/s. 80P(2)(d) is not permissible adjustment u/s. 143(1)

Income Tax : ITAT Mumbai held that adjustment of disallowance of deduction u/s 80P(2)(d) is not permissible adjustment under section 143(1) of ...

February 12, 2025 15 Views 0 comment Print

It is unfair to confirm penalty u/s. 271B before finalization of quantum assessment: ITAT Agra

Income Tax : ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjus...

February 12, 2025 63 Views 0 comment Print

Provision of section 68 or 69A not invocable as cash deposit during demonetization duly explained

Income Tax : ITAT Delhi held that provisions of section 68 or 69A of the Income Tax Act for cash deposit during demonetization period unjustifi...

February 12, 2025 33 Views 0 comment Print

Revision u/s. 264 accepted to rectify suo moto disallowance with belief that amount is taxable

Income Tax : Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxati...

February 12, 2025 48 Views 0 comment Print

Compounding of Income Tax Offences for belated Return filings: SC Ruling

Income Tax : Supreme Court examines "first offence" definition under Section 276CC of the Income Tax Act in the Vinubhai Mohanlal Dobaria case....

February 11, 2025 4455 Views 0 comment Print


Latest Notifications


Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 16584 Views 0 comment Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 159 Views 0 comment Print

Income Tax Act: Section 285 Notification for Liaison Office Statement Filing

Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...

February 10, 2025 270 Views 0 comment Print

Income-Tax Rule 2F Amended for Infrastructure Debt Funds

Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...

February 7, 2025 285 Views 0 comment Print

CBDT Shares Taxpayer Data for PMGKAY Eligibility

Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...

February 4, 2025 2580 Views 0 comment Print


Notification No. S.O.1740-Income Tax Dated: 12/3/1982

March 12, 1982 339 Views 0 comment Print

Notification No. S.O.1740-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 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962

Notification No. S.O.1746-Income Tax Dated: 11/3/1982

March 11, 1982 285 Views 0 comment Print

Notification No. S.O.1746-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Pirojshah Godrej Foundation, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1981-82.

Notification No. S.O.1520-Income Tax Dated: 11/3/1982

March 11, 1982 282 Views 0 comment Print

Notification No. S.O.1520-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Bombay St. Xavier’s Society for the purpose of the said section for the period covered by the assessment years 1976-77 to 1981-82.

Notification No. S.O.1416-Income Tax Dated: 11/3/1982

March 11, 1982 279 Views 0 comment Print

Notification No. S.O.1416-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Subramania Swamy Thirukkoil (Maruthamalai Temple), Coimbatore, for the purpose of the said section for the period covered by the assessment years 1972-73 to 1980-81.

Notification No. S.O.1415-Income Tax Dated: 11/3/1982

March 11, 1982 297 Views 0 comment Print

Notification No. S.O.1415-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Venkatachalapathi Anna Chattiram Trust, Kapisthalam, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.

Notification No. S.O.1414-Income Tax Dated: 11/3/1982

March 11, 1982 426 Views 0 comment Print

Notification No. S.O.1414-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sitaram Bhander for the purpose of the said section for and from the assessment years 1978-79 to 1981-82.

Notification S.O.1641-Income Tax Dated: 9/3/1982

March 9, 1982 264 Views 0 comment Print

Notification S.O.1641-Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, by the Indian Council of Medical Research, New Delhi.

Circular No. 330-Income Tax dated 06-03-1982

March 6, 1982 576 Views 0 comment Print

Circular No. 330-Income Tax Clause 2(a ) of the Memorandum of Association of the Indian Air Force Benevolent Association makes the following as one of the objects of the Association

Notification No. S.O.1519-Income Tax Dated: 2/3/1982

March 2, 1982 168 Views 0 comment Print

Notification No. S.O.1519-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Hajrat Pirmohmed Shah Darga Sharif Trust for the purpose of the said section for the period covered by the assessment years 1981-82 to 1983-84.

Notification No. S.O.1413-Income Tax Dated: 2/3/1982

March 2, 1982 369 Views 0 comment Print

Notification No. S.O.1413-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Diocese of Thanjavur Society for the purpose of the said section for the period covered by the assessment years 1979-80 to 1981-82.

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