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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


Advance Tax: Due Dates & Consequences of Non-Payment

Income Tax : Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B...

March 28, 2025 1050 Views 0 comment Print

Income Tax Notices: What They Mean & How to Handle Them

Income Tax : Receiving an income tax notice can be disconcerting, particularly for individuals who are not well-versed with tax laws and compli...

March 28, 2025 582 Views 0 comment Print

India’s New Income Tax Bill 2025: A Comprehensive Overview

Income Tax : Discover key highlights of India's Income Tax Bill 2025, effective April 2026, featuring simplified tax structures, revised slabs,...

March 28, 2025 1425 Views 0 comment Print

Navigating the Interplay: TOLA, Finance Act 2021 and Income Tax Act

Income Tax : Supreme Court clarifies the applicability of TOLA to reassessment notices under the Income Tax Act, addressing the interplay with ...

March 28, 2025 273 Views 0 comment Print

Penny Stocks and Legal Framework: Strengthening Revenue’s Position

Income Tax : Penny stocks, often associated with small, illiquid companies, have been a subject of concern due to their susceptibility to price...

March 28, 2025 183 Views 0 comment Print


Latest News


Supplementary FAQs for Finance Bill, 2025

Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...

March 26, 2025 4956 Views 0 comment Print

Challenges and Solutions for Junior Income Tax Assessment Officers

Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...

March 26, 2025 132 Views 0 comment Print

JAO Charge Reorganization: ITGOA Seeks Immediate Action

Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...

March 26, 2025 225 Views 0 comment Print

Access By IT Officials To Personal Email, Social Media and Bank Accounts

Income Tax : IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not all...

March 26, 2025 5229 Views 0 comment Print

Government Promotes Voluntary Tax Compliance Measures

Income Tax : The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to exten...

March 26, 2025 96 Views 0 comment Print


Latest Judiciary


15 days minimum time to be given to respond to hearing notices: ITAT Pune

Income Tax : ITAT Pune remands Dnyanagan Education Society's case for fresh consideration after the rejection of its Section 12AB registration ...

March 28, 2025 141 Views 0 comment Print

Taxability of interest on FD from compensation received for compulsory acquisition of land needs fresh assessment

Income Tax : ITAT Ahmedabad held that fresh assessment is necessary in case of taxability of interest earned from Fixed Deposit from compensati...

March 28, 2025 72 Views 0 comment Print

Filing of cross objection before High Court is not maintainable

Income Tax : Delhi High Court held that Section 260A of the Income Tax Act refrains from incorporating a specific provision permitting the fili...

March 28, 2025 144 Views 0 comment Print

Recovery or repayment of fraudulent income doesn’t qualify as allowable expense

Income Tax : In the present case, recovery or repayment of fraudulent income does not qualify as an allowable expense. Allowing deductions for ...

March 28, 2025 84 Views 0 comment Print

Income of AOP taxable at MMR if any member is taxable at rate higher than MMR

Income Tax : ITAT Ahmedabad held that as per the provisions of Section 167B of the Income Tax Act, Maximum Marginal Rate (MMR) is applicable on...

March 28, 2025 408 Views 0 comment Print


Latest Notifications


CBDT notifies Changes in TDS Return Form 26Q and 27Q

Income Tax : CBDT notifies the Income-tax (Seventh Amendment) Rules, 2025, updating Forms 26Q and 27Q to include Section 194T on payments to fi...

March 28, 2025 5868 Views 0 comment Print

Income Tax Offices to Remain Open on March 29-31, 2025

Income Tax : Income Tax offices across India will remain open on March 29-31, 2025, for pending work, as per CBDT order under Section 119 of th...

March 27, 2025 1281 Views 0 comment Print

Amendment of Safe Harbour Rules for AY 2025-26 under Section 92CB

Income Tax : CBDT notifies Income Tax (Sixth Amendment) Rules, 2025, introducing safe harbour rules for assessment year 2025-26. Full details o...

March 26, 2025 435 Views 0 comment Print

High-Risk e-Verification Cases: Instructions for AOs

Income Tax : Guidelines for Assessing Officers on handling high-risk e-Verification cases under the e-Verification Scheme 2021, including steps...

March 20, 2025 876 Views 0 comment Print

CBDT allows data sharing with Delhi’s IT Dept. for social welfare scheme identification

Income Tax : CBDT allows data sharing with Delhi's IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the...

March 19, 2025 249 Views 0 comment Print


Notification No. S.O.620-Income Tax Dated 8/2/1984

February 8, 1984 300 Views 0 comment Print

Notification No. S.O.620-Income Tax This notification contains Corrigendum to Income-tax Act carried out on February 8, 1984 not reproduced here as it is already contained in the body of the Act itself.

Notification No. S.O.619-Income Tax Dated 8/2/1984

February 8, 1984 252 Views 0 comment Print

Notification No. S.O.619-Income Tax In continuation of this Office Notification No. 3748 (F. No. 203/243/80-ITA.II), dated 20-11-83, 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

Notification No. S.O.618-Income Tax Dated 8/2/1984

February 8, 1984 258 Views 0 comment Print

Notification No. S.O.618-Income Tax In continuation of this Office Notification No. 3712 (F. No. 203/135/80-ITA.II), dated 29-10-80, 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 (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6

Notification No. S.O.1022-Income Tax Dated 7/2/1984

February 7, 1984 291 Views 0 comment Print

Notification No. S.O.1022-Income Tax In continuation of this Office Notification No. 4488 (F. No. 203/68/81-ITA. II), dated 25-2-82, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and 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

Notification No. S.O.814-Income Tax Dated 6/2/1984

February 6, 1984 259 Views 0 comment Print

Notification No. S.O.814-Income Tax In continuation of this Office Notification No. 3779 (F. No. 203/284/80-ITA. II), dated 27-12-1980, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and 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

Notification No. S.O.505-Income Tax Dated 3/2/1984

February 3, 1984 180 Views 0 comment Print

Notification No. S.O.505-Income Tax In continuation of this office Notification No. 3778 (F. No. 203/287/80-ITA. II), dated 27th December, 1980, 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

Notification No. G.S.R.47(E)-Income Tax Dated 28/1/1984

January 28, 1984 438 Views 0 comment Print

Notification No. G.S.R.47(E)-Income Tax In exercise of the powers conferred by the second proviso to sub-section (1) of section 35CC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following classes and categories of programmes of rural development for the purposes of the said section, namely

Notification No. S.O.795-Income Tax Dated 23/1/1984

January 23, 1984 348 Views 0 comment Print

Notification No. S.O.795-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 ” J. N. Tata Endownment, Bombay “, for the purpose of the said section for the period covered by the assessment years 1984-85 to 1986-87

Notification No. S.O.794-Income Tax Dated 23/1/1984

January 23, 1984 288 Views 0 comment Print

Notification No. S.O.794-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 ” National Council for Co-operative Training “, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85

Notification No. S.O.793-Income Tax Dated 23/1/1984

January 23, 1984 240 Views 0 comment Print

Notification No. S.O.793-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 ” Indo-German Social Service Society, New Delhi “, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86

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