Sponsored
    Follow Us:

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


2 Residential Houses: Income Tax issue simplified in budget 2025-26?

Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...

February 10, 2025 561 Views 0 comment Print

Computation of Total income & Tax Liability as per Income Tax Act 1961

Income Tax : Understand how to compute total income and tax liability under the Income Tax Act, including adjustments for business, capital gai...

February 9, 2025 2823 Views 0 comment Print

Income Tax Return Filing Guide for Proprietors in the USA

Income Tax : Learn about income tax filing requirements for proprietors in the USA, including forms, schedules, deductions, deadlines, and pena...

February 9, 2025 726 Views 0 comment Print

Cost Inflation Index Update FY 2024-25: Key Changes Explained

Income Tax : Understand the changes to the Cost Inflation Index for FY 2024-25, including indexation removal on long-term capital gains and new...

February 9, 2025 1950 Views 0 comment Print

Taxation of International Transactions In India Under Income Tax Act 1961

Income Tax : Learn how international transactions are taxed under India’s Income Tax Act, including DTAAs, transfer pricing, TDS provisions, ...

February 9, 2025 1041 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 10020 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 11601 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 11535 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 30 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 57 Views 0 comment Print


Latest Judiciary


Bombay HC directs income tax department to modify utility to allow assessee to make claim of rebate u/s. 87A

Income Tax : Petitioner No.1 is a society registered under the Societies Registration Act of 1860 and the Bombay Public Trusts Act of 1950. It ...

February 10, 2025 78 Views 0 comment Print

CSR expenditure incurred to bring goodwill is allowable

Income Tax : ITAT Delhi held that the expenditure incurred on CSR activities may not have direct nexus with the activities of the assessee but ...

February 10, 2025 144 Views 0 comment Print

Sale of Dangerous Goods Regulations manuals doesn’t tantamount to royalty

Income Tax : ITAT Mumbai held that sale of Dangerous Goods Regulations manuals could not be characterised as ‘royalty’ within the meaning o...

February 10, 2025 48 Views 0 comment Print

Orissa HC Quashes TDS Prosecution Citing Payment Acceptance, Financial Distress & COVID-19

Income Tax : Orissa HC quashes criminal proceedings against Metaliks Ltd for delayed TDS deposit, citing financial distress and COVID-19 impact...

February 10, 2025 108 Views 0 comment Print

Section 270AA Immunity cannot be denied for Late Submission of Form 68 Hard Copy

Income Tax : ITAT Hyderabad rules in favor of Karimnagar DCCB, granting immunity from penalty under Section 270AA. The appeal challenges tax pe...

February 10, 2025 84 Views 0 comment Print


Latest Notifications


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 129 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 222 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 2568 Views 0 comment Print

Finance Bill, 2025 – Budget 2025 (Read Full)

Income Tax : BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS IN...

February 1, 2025 5190 Views 0 comment Print

CBDT Allows Income Tax Data Sharing for PMGKAY Beneficiaries

Income Tax : CBDT authorizes data sharing with the Dept. of Food & Public Distribution to identify beneficiaries under PMGKAY as per Income-tax...

January 30, 2025 399 Views 0 comment Print


Notification No. S.O.2728 – Income Tax Date 20/8/1981

August 20, 1981 325 Views 0 comment Print

Notification No. S.O.2728 – Income Tax In continuation of this department’s Notification No. 2503 (F.No. 203/47/78–ITA.II) dated the 13th September, 1978, it is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) sub-section (1) of section 35 of the Income-tax

Notification No. S.O.2727 – Income Tax date 20/8/1981

August 20, 1981 286 Views 0 comment Print

Notification No. S.O.2727 – 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 Secretary, Department of Science and Technology, New Delhi

Notification No. S.O.2726 – Income Tax Date 20/8/1981

August 20, 1981 319 Views 0 comment Print

Notification No. S.O.2726 – Income Tax In continuation of this office Notification No. 3163 (F. No. 203/86/79–ITA. II) dated 29-1-80, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) sub-section (1) of section 35 of the Income-tax Act, 1961

Notification No. S.O.2949 – Income Tax Date 19/8/1981

August 19, 1981 376 Views 0 comment Print

Notification No. S.O.2949 – 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 Indian Council of Child Welfare, for the purpose of the said section for the period covered by the assessment years 1978-79 to 1981-82

Notification No. S.O.2725 – Income Tax Date 19/8/1981

August 19, 1981 343 Views 0 comment Print

Notification No. S.O.2725 – 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(iv) of the Income-tax Rules, 1962, by the Indian Council of Agricultural Research, New Delhi

Notification No. S.O.2724 – Income Tax Date 19/8/1981

August 19, 1981 361 Views 0 comment Print

Notification No. S.O.2724 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, on the following conditions

Notification No. S.O.649 – Income Tax Date 13/8/1981

August 13, 1981 334 Views 0 comment Print

Notification No. S.O.649 – 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 Guru Gobind Singh Foundation, for the purpose of the said section for the period covered by the assessment years 1967-68 to 1978-79 and 1981-82. The Foundation has been granted exemption for the assessment years 1979-80 and

Notification No. S.O.2948 – Income Tax Date 13/8/1981

August 13, 1981 283 Views 0 comment Print

Notification No. S.O.2948 – 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 Haryana Amalgamated Fund for the Welfare of Exservicemen, for the purpose of the said section for the period covered by assessment years 1980-81 and 1981-82

Notification No. S.O.2947 – Income Tax Date 11/8/1981

August 11, 1981 394 Views 0 comment Print

Notification No. S.O.2947 – 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 Assam Rifles Group Insurance Scheme, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1981-82

Notification No. S.O.2946 – Income Tax Date 11/8/1981

August 11, 1981 259 Views 0 comment Print

Notification No. S.O.2946 – 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 German Leoprosy Relief Association, for the purpose of the said section for the period covered by the assessment years 1975-76 to 1981-82

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728