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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


Mistakes to Avoid While Paying TDS on Rent for FY 2024-25

Income Tax : Understand the revised 2% TDS rate on rent from Oct 1, 2024. Learn the correct rate, avoid overpayments, and claim refunds for exc...

March 21, 2025 1134 Views 0 comment Print

Bombay HC Cracks Down on Tax Evasion Scheme in Buniyad Chemicals Case

Income Tax : Bombay High Court rules on tax evasion by Buniyad Chemicals, addressing unexplained credits, money laundering, and regulatory acti...

March 20, 2025 3930 Views 0 comment Print

New Income Tax Bill, 2025 – How one should Read & Interpret a Law

Income Tax : Understand the New Income Tax Bill 2025, key policy changes, structural revisions, and interpretation methods. Learn how these upd...

March 20, 2025 873 Views 0 comment Print

Analysis of Impact & Effectiveness of Bilateral Investment Treaties

Income Tax : Article explores effectiveness and influence of Bilateral Investment Treaties (BITs) on FDI flows with particular emphasis within ...

March 20, 2025 240 Views 0 comment Print

Deductions Under Section 57 of Income Tax Act, 1961

Income Tax : Learn about deductions allowed under Section 57 of the Income Tax Act, 1961, for income from other sources, including family pensi...

March 19, 2025 1320 Views 0 comment Print


Latest News


CBDT Seeks Input on Draft Income Tax Rules & Forms

Income Tax : CBDT invites stakeholder suggestions on simplifying Income Tax Rules and Forms under the Income Tax Bill, 2025. Submit feedback vi...

March 19, 2025 360 Views 0 comment Print

Direct Tax & Advance Tax Collections for F.Y. 2024-25 as on 16.03.2025

Income Tax : India's direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains ...

March 17, 2025 654 Views 0 comment Print

CBDT Clarifies Guidance on Principal Purpose Test (PPT)

Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...

March 17, 2025 1002 Views 0 comment Print

Corporate Tax Collection Trends & Foreign Investment Policies

Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...

March 16, 2025 123 Views 0 comment Print

Impact of New Income Tax Bill 2025 on Compliance & Revenue

Income Tax : The Income Tax Bill 2025 aims to simplify tax laws with no major policy changes. It enhances clarity, reduces ambiguities, and ali...

March 16, 2025 402 Views 0 comment Print


Latest Judiciary


Section 263 – CIT’s Power to Revise Erroneous & Prejudicial Assessment Orders: ITAT Ruling

Income Tax : ITAT Delhi affirms PCIT’s order under Section 263, ruling AO’s assessment erroneous & prejudicial to revenue. Key precedents c...

March 21, 2025 645 Views 0 comment Print

WhatsApp Messages Not Conclusive Evidence for Addition: ITAT Chennai

Income Tax : ACIT vs Prashant Prakash Nilawar case where ITAT Mumbai dismissed Rs. 17 Cr addition based on WhatsApp messages without concrete e...

March 21, 2025 1224 Views 0 comment Print

ITAT Dismisses Revenue’s Appeal as Tax effect was Below Rs. 60 Lakh

Income Tax : ITAT Ahmedabad dismisses ITO's appeal against Sun Gold Capital Ltd due to low tax effect under CBDT Circular 09/2024. Key issues i...

March 20, 2025 5130 Views 0 comment Print

ITAT upholds Section 263 revision order, treating VRS benefits as taxable

Income Tax : Analysis of ITAT Ahmedabad's ruling in Rakesh Saxena Vs PCIT. The tribunal upheld the revision order, treating VRS benefits as tax...

March 20, 2025 354 Views 0 comment Print

Non-Resident Can’t Be Expected to Monitor Tax Portal After 8 Years, HC Sets Aside Assessment Order for Improper Notice

Income Tax : Madras High Court quashes assessment order citing lack of proper notice and violation of natural justice for a non-resident taxpay...

March 20, 2025 378 Views 0 comment Print


Latest Notifications


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 585 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 105 Views 0 comment Print

CBDT FAQs on Revised Guidelines for Compounding Offences

Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...

March 18, 2025 4986 Views 0 comment Print

CBDT notifies Power Finance Corp Zero Coupon Bond under section 2(48)

Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...

March 11, 2025 1140 Views 0 comment Print

High-Risk and Non PAN Transaction Cases: Insight Portal Guidelines

Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...

March 7, 2025 744 Views 0 comment Print


Notification No. S.O.2913-Income Tax Dated: 28/6/1982

June 28, 1982 282 Views 0 comment Print

Notification No. S.O.2913-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 Sree Krishna Bhaktha Jana Sabha Nangamallu, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.

Circular No. 345-Income Tax dated 28/6/1982

June 28, 1982 969 Views 0 comment Print

Circular No.345 – Income Tax The Income-tax (Amendment) Ordinance, 1981 was promulgated by the President on July 11, 1981. The Ordinance was replaced by the Income-tax (Second Amendment) Bill, 1981, which was introduced in the Lok Sabha on September 8, 1981. The Bill was passed by both the Houses of Parliament and received the assent of the President on September 19, 1981 and has been enacted as Act No. 38 of 1981. This circular explains the substance of the provisions of the Income-tax (Second Amendment) Act

Notification No. S.O.448(E)-Income Tax Dated: 26/6/1982

June 26, 1982 477 Views 0 comment Print

Notification No. S.O.448(E)-Income Tax This notification contains Amendment to Income-tax (Sixth Amendment) Rules, 1982 carried out on June 26, 1982 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.2912-Income Tax Dated: 23/6/1982

June 23, 1982 303 Views 0 comment Print

Notification No. S.O.2912-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 Kottar Social Service Society, for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.

Notification No. S.O.2911-Income Tax Dated: 23/6/1982

June 23, 1982 210 Views 0 comment Print

Notification No. S.O.2911-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 Mahanirvan Math, Birbhum, for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.

Circular No. 344-Income Tax dated 22-6-1982

June 22, 1982 963 Views 0 comment Print

Circular No. 344-Income Tax The Income-tax (Amendment) Bill, 1981 was passed by both Houses of Parliament during the monsoon session last year and received the assent of the President on September 4, 1981. It has been enacted as the Income-tax (Amendment) Act, 1981 and published in the Gazette of India (Extraordinary), dated September 4, 1981 as Act 22 of 1981.

Notification No. S.O.433(E)-Income Tax Dated: 21/6/1982

June 21, 1982 354 Views 0 comment Print

Notification No. S.O.433(E)-Income Tax This notification contains Amendment to Income-tax (Fifth Amendment) Rules 1982, carried out on June 21, 1982 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.4107-Income Tax Dated: 21/6/1982

June 21, 1982 261 Views 0 comment Print

Notification No. S.O.4107-Income Tax (i) That the Sangeet Research Academy, Calcutta, will maintain a separate account of the sums received by it for scientific research in the field of natural and applied sciences other than agriculture/animal husbandry/fisheries and medicines

Notification No. S.O.396-Income Tax Dated: 19/6/1982

June 19, 1982 315 Views 0 comment Print

Notification No. S.O.396-Income Tax 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 of the Income-tax Rules, 1962

Notification No. S.O.158-Income Tax Dated: 19/6/1982

June 19, 1982 321 Views 0 comment Print

Notification No. S.O.158-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 Medical Research, New Delhi.

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