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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 – Key Takeaways

Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...

February 13, 2025 7767 Views 0 comment Print

An Overview of New Income Tax Bill, 2025

Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...

February 13, 2025 1731 Views 0 comment Print

Income Tax 1961 vs Income Tax Bill, 2025: Key Changes in Tax Provisions

Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...

February 13, 2025 14049 Views 0 comment Print

New Income Tax Bill 2025: FAQs on Key Changes

Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...

February 13, 2025 3486 Views 0 comment Print

New Income Tax Bill 2025: General FAQs and Broad Scope

Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...

February 13, 2025 4701 Views 0 comment Print


Latest News


Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 14, 2025 3333 Views 0 comment Print

Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 1155 Views 0 comment Print

New Income-Tax Bill 2025: Section Mapping & Updates

Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...

February 13, 2025 999 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 207 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 687 Views 0 comment Print


Latest Judiciary


Section 276C Complaint Cannot Be Quashed at Initial Stage: J&K Ladakh HC

Income Tax : The Jammu & Kashmir HC refused to quash tax evasion charges against Surinder Nath Jain & others, ruling that the case should proce...

February 14, 2025 18 Views 0 comment Print

AO Must Address Objections with Speaking Order Before Reassessment: Calcutta HC

Income Tax : Calcutta HC rules that an AO must dispose of an assessee’s objections to reassessment through a speaking order before proceeding...

February 14, 2025 21 Views 0 comment Print

Delay Petition Must Be Considered Before Dismissing Income Tax Appeal: Kerala HC

Income Tax : Kerala High Court rules that an income tax appeal filed with delay cannot be dismissed without considering the delay petition. App...

February 14, 2025 30 Views 0 comment Print

Addition set aside as relation between documents seized from third party and assessee not established

Income Tax : ITAT Delhi held that addition based on documents seized from third party is liable to be set aside since assessing officer failed ...

February 14, 2025 9 Views 0 comment Print

Reopening u/s. 147 without tangible material is invalid: ITAT Chennai

Income Tax : ITAT Chennai held that material/ information referred by AO in reasons recorded cannot be held to be tangible material hence reope...

February 14, 2025 12 Views 0 comment Print


Latest Notifications


Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 168 Views 0 comment Print

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 131337 Views 5 comments 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 192 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 333 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 348 Views 0 comment Print


Notification No. S.O.1523-Income Tax, Dated: 10.04.1980

April 10, 1980 256 Views 0 comment Print

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 Catholic Church, Cambay, for the purpose of the said section for the assessment year(s) 1977-78 to 1980-81.

Notification No. S.O.1655-Income Tax, Dated: 10.04.1980

April 10, 1980 277 Views 0 comment Print

That the institution will furnish an annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.1656-Income Tax, Dated: 10.04.1980

April 10, 1980 307 Views 0 comment Print

The Sir Hurkisandas Nurrotumdas Hospital Research Society, Bombay, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance, Department of Revenue, Notification No. 560 (F. No. 203/67/73-ITA-II), dated the 15th February, 1974.

Notification No. S.O.1492-Income Tax, Dated: 07.04.1980

April 7, 1980 178 Views 0 comment Print

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 Ghatkopur Hindu Smashan Bhoomi Trust, for the purpose of the said section for the assessment year(s) 1970-71 to 1980-81.

Notification No. S.O.3117-Income Tax, Dated: 03.04.1980

April 3, 1980 208 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Navnit Krishna Mandir, Palace Road, Cochin-2, to be a place of public worship of renown throughout the State of Kerala for the purpose of the said section.

Notification No. S.O.1654-Income Tax, Dated: 02.04.1980

April 2, 1980 274 Views 0 comment Print

That the Deccan Sugar Research Institute, Pune, will maintain a separate account of the sums received by it for scientific research in the field of natural or applied sciences (other than agriculture/animal husbandry/fisheries and medicines). (ii) That the said institution will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April, each year.

Notification No. S.O.1524-Income Tax, Dated: 31.03.1980

March 31, 1980 469 Views 0 comment Print

That the Foundation will furnish an annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.1652-Income Tax, Dated: 25.03.1980

March 25, 1980 358 Views 0 comment Print

That the Association will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the Association will furnish annual returns of its scientific research activities to the Council for each financial year by 31st May, each year, at the latest in such form as may be laid down and intimated to them for this purpose.

Notification No. S.O.1653-Income Tax, Dated: 25.03.1980

March 25, 1980 403 Views 0 comment Print

That the Institute will furnish an annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.1299-Income Tax, Dated: 20.03.1980

March 20, 1980 226 Views 0 comment Print

This notification contains Corrigendum to Income-tax Act carried out on 20th March, 1980 not reproduced here as it is already in the body of the act itself.

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