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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


आयकर क्यों आ रहे है केपिटल गेन पर अतिरिक्त कर जमा कराने के नोटिस

Income Tax : जानें क्यों आयकर विभाग ने केपिटल गेन पर अतिरिक्त �...

October 11, 2024 1644 Views 0 comment Print

Maximizing Tax Benefits with Section 80G Donations

Income Tax : Learn how to maximize tax deductions with Section 80G for donations to approved funds and institutions. Find out eligibility, paym...

October 11, 2024 201 Views 0 comment Print

BCI Chairman Can’t Pass Gag Orders Against Advocates: Karnataka HC

Income Tax : The Karnataka High Court ruled that the BCI Chairman lacks authority to issue gag orders restricting advocates’ speech, quashing...

October 10, 2024 192 Views 0 comment Print

How to claim education loan interest deduction under section 80E?

Income Tax : Section 80E of the Income Tax Act provides deduction towards interest paid on loan taken for higher education. The current article...

October 9, 2024 903 Views 0 comment Print

Post-Amalgamation Income Tax Assessments

Income Tax : Explore how Section 170 of Income Tax Act applies to post-amalgamation assessments, with key judicial decisions and implications f...

October 9, 2024 423 Views 0 comment Print


Latest News


Over 34 Lakh Audit Reports Filed by Taxpayers till 7th October 2024

Income Tax : Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to t...

October 10, 2024 2001 Views 0 comment Print

Request for Section 87A Rebate on Capital Gains Tax – ICAI

Income Tax : ICAI requests CBDT to allow rebate u/s 87A on short-term and long-term capital gains under Sections 111A and 112, citing inconsist...

October 9, 2024 7608 Views 1 comment Print

CBDT Forms Committee to Review Income-tax Act, Invites Suggestions via E-filing Portal

Income Tax : CBDT forms a committee to review the Income-tax Act and invites public suggestions on simplification and compliance via the e-fili...

October 8, 2024 2655 Views 0 comment Print

SC Disposes today 573 Direct Tax Cases Due to Revised Appeal Monetary Limit

Income Tax : Supreme Court disposes of 573 direct tax cases due to increased appeal limits from the Union Budget 2024-25, reducing tax litigati...

September 24, 2024 1080 Views 0 comment Print

Webinar Today: BUDGET 2024 TDS Amendments & its Impact on Tax Audit

Income Tax : Join our webinar on TDS amendments from Budget 2024 and learn their impact on tax audits, filing procedures, and compliance....

September 21, 2024 11223 Views 1 comment Print


Latest Judiciary


No Interest Adjustment for AE if No Interest Charged from Unrelated Third Party

Income Tax : Delhi High Court upholds ITAT ruling in PCIT vs Global Logic India Ltd., addressing deferred payments and international transactio...

October 11, 2024 78 Views 0 comment Print

Calcutta HC Dismisses Appeal on Section 153 Assessment Dispute

Income Tax : Calcutta HC upholds ITAT's dismissal of revenue's appeal, affirming assessment order under Section 153 as invalid due to delayed s...

October 11, 2024 42 Views 0 comment Print

Section 151A Violation: Calcutta HC Stays Income Tax Assessment Order

Income Tax : Calcutta HC stays Section 148 assessment order due to jurisdictional error in Rahul Saraf vs. ACIT. Case pending further orders....

October 11, 2024 189 Views 0 comment Print

Himachal Pradesh HC Stays Section 148 Notice Due to Jurisdiction Issues

Income Tax : Himachal Pradesh HC stays Section 148 notice, citing lack of jurisdiction under Section 151A of the Income Tax Act, 1961, and impr...

October 11, 2024 204 Views 0 comment Print

No Additional Interest Imputation on Year-End Receivables After Working Capital Adjustment

Income Tax : Allahabad HC directs TPO to review interest on delayed receivables from AE, affirming that working capital adjustments subsume suc...

October 11, 2024 69 Views 0 comment Print


Latest Notifications


Suggestions invited for Project Integrated e-filing and CPC (IEC) 3.0

Income Tax : Income Tax Department seeks stakeholder feedback on Project IEC 3.0, aiming to enhance the e-filing platform and Centralized Proce...

October 10, 2024 288 Views 0 comment Print

High Income Tax Risk Refund Cases A.Y. 2024-25 disseminated for Investigation wing

Income Tax : SOP for investigating high-risk refund cases for AY 2024-25. Clusters of suspicious ITRs identified and disseminated for verificat...

October 10, 2024 10455 Views 0 comment Print

High-Risk Income Tax Refund Cases for A.Y- 2024-25 disseminated to AO

Income Tax : Insight Instruction No. 8 guides Assessing Officers in verifying high-risk refund ITRs for AY 2024-25, detailing steps for verific...

October 10, 2024 3996 Views 0 comment Print

High Risk Refund Cases of A.Y- 2024-25 disseminated for TDS charge officers

Income Tax : Insight Instruction No. 43 addresses verification of high-risk refund cases for AY 2024-25. TDS officers to assess and submit feed...

October 10, 2024 348 Views 0 comment Print

CBDT Extends Deadline for Trusts to Submit Audit Reports in Form 10B/10BB

Income Tax : CBDT extends deadline for trusts and institutions to submit audit reports in Form 10B/10BB until November 10, 2024....

October 9, 2024 8334 Views 0 comment Print


Notification: S.O.3646 Date of Issue: 15/11/1966

November 15, 1966 418 Views 0 comment Print

Notification: S.O.3646 The Society for the Care, Treatment and Training of Children in Need of Special Care, Sewri Hills, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority, for the pruposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

Notification: S.O.3277 Date of Issue: 13/10/1966

October 13, 1966 475 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Kaleshwaraswamy Temple, Kaleshwaram (v), Manthani Taluk, Karimnagar District, Andhra Pradesh, to be of historic, archaeological and artistic importance for the purpose of the said section

Shree Meenakshi Mills Ltd. vs Commissioner Of Income-Tax (Supreme Court)

September 20, 1966 11882 Views 0 comment Print

Expenditure incurred to resist in a civil proceeding the enforcement of a measure-legislative or executive, which imposes restrictions on the carrying on of a business or to obtain a declaration that the measure is invalid would.

Notification: S.O.2772 Date of Issue: 15/9/1966

September 15, 1966 475 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 2451, dated the 10th August, 1966, published on pages 1225 to 1229 in Part II, Section 3, Sub-section (ii) of the Gazette of India, Extraordinary, da

Notification: S.O.2451 Date of Issue: 10/8/1966

August 10, 1966 418 Views 0 comment Print

Notification: S.O.2451 This Notification contains Amendment to Income-tax (Second Amendment) Rules, 1966 carried out on 10th August, 1966 not reproduced here as it is already contained in the body of the Rules itself

Circular No. 4-P-Income Tax dated 21/7/1966

July 21, 1966 1116 Views 0 comment Print

Circular No.4-P – Income Tax Individuals, Hindu undivided families, unregistered firms, associations of persons (other than co-operative societies), bodies of individuals and artificial juridical persons – In the case of taxpayers of these categories, the gradation of income slabs and the rates of income-tax applicable thereto are the same as for the assessment year 1965-66, under the Finance Act, 1965. The basis and the rates for the levy of surcharges on the

Notification: S.O.2297 Date of Issue: 19/7/1966

July 19, 1966 439 Views 0 comment Print

the Income-tax Officer, Ward-A, Bulsar, shall have jurisdiction for the purpose of making any assessment for any assessment year prior to the assessment year commencing on the 1st April, 1963, under the Income-tax Act, 1961 (43 of 1961), or the Indian Income-tax Act, 1922 (11 of 1922), in respect of all persons residing or having their p

Notification: S.O.2290 Date of Issue: 14/7/1966

July 14, 1966 352 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Chandra Choodeswara Swamy Temple, Hosur, Salem District, Madras State, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2289 Date of Issue: 14/7/1966

July 14, 1966 271 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shamlaji Temple, Shamlaji Taluka, Bhiloda District, Sabarkantha (Gujarat), to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2080 Date of Issue: 11/7/1966

July 11, 1966 351 Views 0 comment Print

This notification contains amendments to Income-tax Rules carried out on 11th July, 1966 not reproduced here as it is already contained in the body of th

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