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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 1488 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 174 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 189 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 885 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 411 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 1953 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 7521 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 2640 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 11220 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 66 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 30 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 165 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 192 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 66 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 264 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 8262 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 2856 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 297 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 8280 Views 0 comment Print


Notification: S.O.2597 Date of Issue: 7/8/1965

August 7, 1965 334 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 Kasiviswanat

Notification: S.O.2353 Date of Issue: 19/7/1965

July 19, 1965 325 Views 0 comment Print

Notification: S.O.2353 Central Government hereby notifies the following temple as a place of public worship of renown throughout the State of Mysore for the purposes of the said section – Shri Dattatreya Temple, Ghangapur, District Gulbarga, Mysore

Notification: S.O.2215 Date of Issue: 7/7/1965

July 7, 1965 445 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S. O. 3660 dated the 13th October, 1964, published at pages 979 to 988 in Part II—Section 3—sub-section (ii) of the Gazette of India, Extraordinary, dated the 13th October, 1964.

Notification: S.O.2214 Date of Issue: 7/7/1965

July 7, 1965 313 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (5) of section 2 of the Finance Act, 1965 (10 of 1965), the Central Board of Direct Taxes hereby makes the following rules, namely :—-

Notification: S.O.2153 Date of Issue: 2/7/1965

July 2, 1965 565 Views 0 comment Print

Notification: S.O.2153 This notification contains Amendment to Income-tax Rules carried out on 2-7-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.2161 Date of Issue: 30/6/1965

June 30, 1965 249 Views 0 comment Print

Notification: S.O.2161 Sardar Patel Institute of Social and Economic Research, Ahmedabad -It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification: S.O.1975 Date of Issue: 26/6/1965

June 26, 1965 417 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 Shri Bhramaramba Malikharjunaswami

Notification: S.O.2048 Date of Issue: 23/6/1965

June 23, 1965 471 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as the Act), the Central Government, having regard to the practices and usages customary among banking companies and to other relevant factors, hereby directs that no public servant shall—

Notification: S.O.1974 Date of Issue: 19/6/1965

June 19, 1965 408 Views 0 comment Print

In exercise of the powers conferred by sub-section of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following temples, mosques, gurdwaras and c

Notification S.O.1973 Date of Issue – 15/6/1965

June 15, 1965 339 Views 0 comment Print

Notification S.O.1973 CENTRAL BOARD OF IRRIGATION AND POWER, NEW DELHI – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,

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