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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 12 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 999 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 1401 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 3402 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 1005 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 3447 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 38922 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 18 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 237 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 285 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 291 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 657 Views 0 comment Print


Latest Notifications


Section 194N TDS Exemption for Foreign Diplomatic Entities in India

Income Tax : Foreign representations like UN agencies, consulates, and diplomatic missions are exempt from Section 194N of Income Tax Act under...

November 29, 2024 6 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 95433 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

CBDT Specifies e-Filing for Forms 42, 43, and 44

Income Tax : CBDT mandates electronic filing for Forms 42, 43, and 44 under Rule 131 of Income Tax Rules, 1962, effective November 22, 2024. No...

November 22, 2024 1548 Views 0 comment Print


Income estimate by applying a flat rate can be fair if AO exercises his judgment reasonably and not arbitrarily

December 9, 1948 2765 Views 0 comment Print

CIT v. S Sen & Others (Orissa High Court) 17 ITR 355 (Orissa) The proceeding arises out of two application consolidated because of the facts being identical, by the Commissioner of Income-tax/Excess profits Tax, Bihar and Orissa, under Section 66(1) of the Income-tax Act read with Section 21 of the Excess profits tax Act for the stating a case and a case stated for the opinion of this Court on the following three question of law :-

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