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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


Why Income Tax Notices Are Issued: Reasons and Compliance Tips

Income Tax : Learn the key reasons for receiving an income tax notice, types of notices, and strategies to ensure compliance, including underst...

November 7, 2024 36 Views 0 comment Print

Understanding Income from House Property under Income Tax Act, 1961

Income Tax : Explore how rental income is taxed under Income from House Property. Learn about deductions, NAV calculation, and rules for pre- a...

November 5, 2024 939 Views 0 comment Print

Section 43B(h): Implications for MSME Payments Under Income Tax Act

Income Tax : Finance Act, 2023, has inserted section 43B(h) to facilitate timely payments to MSMEs by withholding deduction on account of delay...

November 5, 2024 876 Views 0 comment Print

ITAT: Laws, Regulations, Procedures & Updates Under New Regime

Income Tax : Learn about the Income Tax Appellate Tribunal (ITAT), its role, procedures, and recent updates for taxpayers in India navigating t...

November 4, 2024 957 Views 0 comment Print

Chapter X of Income tax Act not applicable to non-AE transactions

Income Tax : Chapter X of the Income Tax Act applies solely to transactions with Associated Enterprises (AEs), excluding non-AE transactions fr...

November 4, 2024 951 Views 0 comment Print


Latest News


CBI Chargesheet Filed Against Principal Income Tax Commissioner in Bribery

Income Tax : CBI files chargesheet against Principal Commissioner of Income Tax and four others in a Rs 10 lakh bribery case. Investigation det...

October 30, 2024 1584 Views 0 comment Print

Tolerance Range for Transfer Pricing Notified for AY 2024-25

Income Tax : CBDT sets transfer pricing tolerance range at 1% for wholesale trading and 3% for other transactions for AY 2024-25, providing cla...

October 30, 2024 366 Views 0 comment Print

Representation Regarding Income Tax Portal Glitches

Income Tax : KSCAA highlights critical issues on India’s Income Tax Portal, impacting timely filings for returns and TDS with glitches, timeo...

October 26, 2024 663 Views 0 comment Print

CBDT Issues Revised Guidelines for Compounding Income Tax Act Offences

Income Tax : CBDT simplifies compounding procedures under the Income-tax Act, 1961 by reducing charges, removing limits, and easing filing requ...

October 24, 2024 3147 Views 0 comment Print

Salaried & Minors: Income-Tax Rules for TDS/TCS Credit Claims amended

Income Tax : CBDT simplifies TDS for salaried employees and enables parents to claim TCS credit for minors through recent amendments in Income-...

October 18, 2024 3588 Views 1 comment Print


Latest Judiciary


Appeal dismissed due to deliberate non-compliance on part of assessee: ITAT Ahmedabad

Income Tax : Upon further examination of the assessee's bank statements, the Assessing Officer observed that significant funds were being trans...

November 6, 2024 681 Views 0 comment Print

Rejection of evidence merely because it is in handwritten form is unjustified: ITAT Ahmedabad

Income Tax : The assessee is an individual and engaged in the business of retail milk selling. For the relevant AY 2012-13, the assessee did no...

November 6, 2024 186 Views 0 comment Print

Order u/s. 153A quashed as assessment not based on any incriminating material found during search

Income Tax : ITAT Delhi held that assessment order under section 153A of the Income Tax Act quashed as assessment has been framed not based on ...

November 6, 2024 258 Views 0 comment Print

Addition u/s. 2(22)(e) deleted as advance was recorded as journal entry and no sum was received

Income Tax : ITAT Ahmedabad held that addition u/s. 2(22)(e) of the Income Tax Act is liable to be set aside since advance was received was mer...

November 6, 2024 273 Views 0 comment Print

Delhi HC Dismisses Revenue’s Application for 880-Day Delay in Tax Appeal

Income Tax : Delhi High Court rejects Revenue's plea for condonation of 880-day delay in re-filing an income tax appeal against Anil Bhalla....

November 6, 2024 174 Views 0 comment Print


Latest Notifications


CBDT notifies Monetary Limits for Interest Waiver under Section 220(2)

Income Tax : CBDT sets new monetary limits for waiver of interest on delayed tax payments under Section 220(2) of the Income Tax Act, 1961, eff...

November 5, 2024 12246 Views 0 comment Print

Electronic Filing of Forms 3CEDA and 3C-O from Oct 31, 2024

Income Tax : CBDT issues Notification No. 5/2024 for mandatory electronic filing of Forms 3CEDA and 3C-O under Income Tax Rules, effective from...

November 4, 2024 192 Views 0 comment Print

Condonation of Delay for AY 2023-24 – Section 80P Deduction Claims

Income Tax : CBDT issues Circular No. 14/2024 allowing condonation of delay in filing tax returns for AY 2023-24 under Section 80P, benefiting ...

November 4, 2024 315 Views 1 comment Print

CBDT Extends Income Tax Return Deadline to Nov 15, 2024

Income Tax : The CBDT extends the Income Tax Return due date for AY 2024-25 to November 15, 2024, as per Circular No. 13/2024 issued on October...

October 26, 2024 10365 Views 0 comment Print

Income Tax Exemption notified for West Bengal Pollution Control Board

Income Tax : CBDT exempts income of West Bengal Pollution Control Board under Section 10(46) of the Income-tax Act, 1961, subject to non-commer...

October 18, 2024 153 Views 0 comment Print


Notification: S.O.860 Date of Issue: 8/3/1965

March 8, 1965 376 Views 0 comment Print

Notification: S.O.860 This notification contains Amendment to Income-tax Rules carried out on 8-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.654 Date of Issue: 16/2/1965

February 16, 1965 325 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 169, dated 4th January, 1965, published in the Gazette of India. This notification contains corrigendum to Income-tax Act carried out on 16th February, 1995 not reproduced here as it is already contained in the body of the act itself

Notification: S.O.605 Date of Issue: 15/2/1965

February 15, 1965 319 Views 0 comment Print

Notification: S.O.605 RESEARCH INSTITUTE OF ANCIENT SCIENTIFIC STUDIES, 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

Notification: S.O.591 Date of Issue: 15/2/1965

February 15, 1965 352 Views 0 comment Print

Notification: S.O.591 This notification contains amendments to Income-tax Rules carried out on 15th February, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O.476 Date of Issue: 3/2/1965

February 3, 1965 394 Views 0 comment Print

Notification: S.O.476 INDIAN ACADEMY OF MEDICAL SCIENCES, NEW DELHI has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

Notification: S.O.169 Date of Issue: 4/1/1965

January 4, 1965 412 Views 0 comment Print

Notification: S.O.169 This notification contains amendments to Income-tax Rules carried out on 4th January, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification No. S.O. 4024, Date of Issue: 16.11.1964

November 16, 1964 361 Views 0 comment Print

Notification: S.O.4024 THE SPECIAL COFFEE RESEARCH ASSOCIATION, MADRAS. It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification No. S.O. 3801, Date of Issue: 24.10.1964

October 24, 1964 328 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 the Sri Kanyaka Parameswari De

Notification No. S.O. 3660, Date of Issue: 13.10.1964

October 13, 1964 352 Views 0 comment Print

Notification: S.O.3660 This notification contains Amendment to Income-tax Rules carried out on 13-10-1964 not reproduced here as it is already contained in the body of the Rules itself.

Notification No. S.O. 3673, Date of Issue: 05.10.1964

October 5, 1964 310 Views 0 comment Print

Notification: S.O.3673 Central Government hereby accords approval to the Banque Francaise du Commerce Exterieur, Paris, for the purposes of exemption from tax on the interst payable by any industrial undertaking in India on moneys borrowed by it under a loan agreement entered into with the said foreign financial institution

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