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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


Taxability of Black Money under Income Tax Act 1961

Income Tax : Learn about the taxation of undisclosed foreign income & assets under the Black Money Act, 2015, including penalties and legal pro...

November 29, 2024 6 Views 0 comment Print

Tax Guide on ESOPs for Employees and Employers

Income Tax : Understand the taxation on ESOPs, including when options are exercised and shares are sold, and related TDS provisions for employe...

November 28, 2024 966 Views 0 comment Print

PAN 2.0 अपग्रेड: टैक्सपेयर के लिए महत्वपूर्ण प्रश्नोत्तर

Income Tax : PAN 2.0 के बारे में जानें, पुराने PAN धारकों के लिए आवश्य�...

November 27, 2024 1395 Views 0 comment Print

Importance of Disclosing Foreign Income & Assets in ITR

Income Tax : Accurate disclosure of foreign assets and income in ITR is essential to avoid penalties. Revised returns can be filed by December ...

November 27, 2024 2397 Views 0 comment Print

How to Fix ‘Upload a Standard Document’ Error in PAN/TAN Applications?

Income Tax : Struggling with the Upload a Standard Document error in PAN/TAN applications? Learn the file format, size, and DPI requirements to...

November 27, 2024 3390 Views 0 comment Print


Latest News


Women Income Tax Filers in India: State-wise Data

Income Tax : State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India....

November 28, 2024 1002 Views 0 comment Print

KSCAA Representation on CPC Processing Errors

Income Tax : KSCAA raises concerns over errors in CPC processing of returns and defective notices, requesting corrective actions for smoother t...

November 27, 2024 3441 Views 0 comment Print

Updated List of 29 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 29 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

November 27, 2024 38919 Views 4 comments Print

PAN 2.0 Project: CCEA Approval for Unified PAN/TAN Services

Income Tax : The PAN 2.0 Project simplifies PAN/TAN management with a unified platform, paperless processes, and faster services. Approved by C...

November 27, 2024 984 Views 0 comment Print

Cabinet Approves PAN 2.0 Project for Taxpayer Services

Income Tax : Cabinet approves PAN 2.0 project to enhance taxpayer registration services through technology-driven transformation, improving ser...

November 26, 2024 1017 Views 0 comment Print


Latest Judiciary


Minor Tax Shortfall Doesn’t Bar Vivad Se Vishwas Benefit: Kerala HC

Income Tax : Kerala HC rules minor tax payment shortfalls under the Direct Tax Vivad Se Vishwas Scheme can be remedied, ensuring benefits aren'...

November 29, 2024 15 Views 0 comment Print

Compensation for cancelling allotment due to non-delivery in time is capital receipt

Income Tax : CIT(A) partly allowed the appeal and directed the AO to re-compute the “Income From Other Sources” after deducting the amount ...

November 29, 2024 225 Views 0 comment Print

GST not includible while computing presumptive income u/s. 44B: ITAT Mumbai

Income Tax : ITAT Mumbai held that Goods and Services Tax (GST) amount while computing presumptive income under section 44B of the Income Tax A...

November 28, 2024 273 Views 0 comment Print

Addition u/s. 69A to extent of redeposit of cash withdrawn untenable: ITAT Bangalore

Income Tax : Appellant has preferred the present appeal. The solitary issue that is raised is whether CIT(A) is justified in confirming the add...

November 28, 2024 270 Views 0 comment Print

Addition u/s. 43CA deleted by taking stamp duty value on date of registration of agreement

Income Tax : ITAT Mumbai deleted additions made under section 43CA of the Income Tax Act by considering the stamp duty value on the date of reg...

November 28, 2024 648 Views 0 comment Print


Latest Notifications


Income Tax exemption Notification for National Aviation Security Fee Trust

Income Tax : Notification under section 10(46) of the Income Tax Act, 1961 for National Aviation Security Fee Trust, covering specific income e...

November 28, 2024 114 Views 0 comment Print

Income Tax Exemption for Haryana District Legal Authorities

Income Tax : Notification on income tax exemption for Haryana's District Legal Service Authorities under Section 10(46) for specified incomes a...

November 28, 2024 126 Views 0 comment Print

CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

Income Tax : The Ministry of Finance has notified the transfer of capital assets from NLCIL to NIRL under the Income-tax Act, effective from th...

November 27, 2024 129 Views 0 comment Print

Extension of date of Filing of Accounts to Maharashtra Charity Commissioner

Income Tax : 26.11.2024 Due date for online Filing of Audited Accounts with the Office of the Charity Commissioner, Maharashtra stands extended...

November 26, 2024 95427 Views 4 comments Print

CBDT Approves SKAN Research Trust for Section 35(1)(ii) Tax Benefits

Income Tax : CBDT grants SKAN Research Trust approval as a research association for scientific research under Section 35 of the Income Tax Act,...

November 26, 2024 105 Views 0 comment Print


Notification No. S.O. 2575, Date of Issue: 18.07.1964

July 18, 1964 472 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 Shri Devarajaswamy

Notification No. S.O. 2573, Date of Issue: 18.07.1964

July 18, 1964 289 Views 0 comment Print

Notification: S.O.2573 It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial research, the prescribed authority

Notification No. S.O. 2574, Date of Issue: 18.07.1964

July 18, 1964 418 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial research, the ” prescribed authority “, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-Tax Act, 1961, (43 of 1961).

Notification No. S.O. 2363, Date of Issue: 30.06.1964

June 30, 1964 355 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial No. 67 and the entries thereagainst from the

Notification No. S.O. 2362, Date of Issue: 30.06.1964

June 30, 1964 322 Views 0 comment Print

Notification: S.O.2362 Indian Cancer Society, Bombay 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).

CIT vs Parbutty Churn Law (Calcutta High Court)

June 12, 1964 982 Views 0 comment Print

Under Income-tax Act the annual value of the property is to be taken as a sum which the property might reasonably be expected to fetch. The annual value is no doubt a hypothetical sum. But what is to be taken into consideration is the whole of the consideration which the landlord receives from the tenant for his right to use and occupy the property.

CIT v. Malayalam Plantations Ltd. (Supreme Court of India)

April 11, 1964 7428 Views 0 comment Print

For the two accounting periods the assessee, a resident company, incorporated outside India paid -estate duty payable on the death of its certain share holders not domiciled in India and debited the said amounts to revenue in its accounts in ascertaining the profits and gains of its business for the said years.

Notification No. JR-14(32)/63 Date of Issue: 04.04.1964

April 4, 1964 391 Views 0 comment Print

Notification: JR-14(32)/63 Commissioner of Income-tax/Gift-tax, Delhi and Rajasthan, New Delhi, hereby authorises the Income-tax Officers/Gift-tax Officers subordinate to him to recover from an assessee the tax, interest, fine, penalty and any other sum payable under the provisions of the said Acts by the said assessee by distraint and sale of his movable property in the manner laid down in the Third Schedule to the said Income-tax Act, 1961

Notification No. S.O.1376, Date of Issue: 03.04.1964

April 3, 1964 322 Views 0 comment Print

Notification: S.O.1376 Commissioner of Income-tax/Gift-tax, Madras, hereby authorises the Income-tax Officers/Gift-tax Officers subordinate to him to recover from an assessee the tax, interest, fine, penalty and any other sum payable under the provisions of the said Acts by the said assessee by distraint and sale of his movable property in the manner laid down in the Third Schedule to the said Income-tax Act, 1961

Notification No. S.O. 1228, Date of Issue: 26.03.1964

March 26, 1964 421 Views 0 comment Print

Notification: 1228 The Gujarat Cancer Society, Ahmedabad 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).

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