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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


Nil Tax Up To Rs. 12 Lakhs Income (FY 2025-26); Tax Computation With Illustrations & FAQs

Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...

February 11, 2025 2001 Views 0 comment Print

Enhanced Limits for Partners Remuneration: Section 40(b) & 194T

Income Tax : Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective A...

February 11, 2025 1209 Views 0 comment Print

2 Residential Houses: Income Tax issue simplified in budget 2025-26?

Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...

February 10, 2025 1452 Views 0 comment Print

Computation of Total income & Tax Liability as per Income Tax Act 1961

Income Tax : Understand how to compute total income and tax liability under the Income Tax Act, including adjustments for business, capital gai...

February 9, 2025 3669 Views 0 comment Print

Income Tax Return Filing Guide for Proprietors in the USA

Income Tax : Learn about income tax filing requirements for proprietors in the USA, including forms, schedules, deductions, deadlines, and pena...

February 9, 2025 861 Views 0 comment Print


Latest News


Reminder for Filing TDS Statement 26Q for Q2 FY 2024-25

Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...

February 8, 2025 10299 Views 2 comments Print

Union Cabinet Approves New Income Tax Bill 2025 to Replace 1961 Act

Income Tax : Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India's tax system by replacing the 1961...

February 8, 2025 12747 Views 1 comment Print

CBI Files Case Against 3 Tax Officials, 5 CAs for Sabotaging Faceless Tax Scheme

Income Tax : CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches...

February 7, 2025 12168 Views 0 comment Print

India’s Tax Arrears Reach ₹42.64 Lakh Crore

Income Tax : India's tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litiga...

February 6, 2025 42 Views 0 comment Print

Decriminalization of Minor Direct Tax Offenses in India

Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...

February 6, 2025 63 Views 0 comment Print


Latest Judiciary


Non-Consideration of Grounds & Inadequate Hearing: ITAT Remands Case to CIT(A)

Income Tax : ITAT Ahmedabad sets aside CIT(A)'s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing ...

February 11, 2025 183 Views 0 comment Print

₹2.44 Crore Cash Deposit addition: ITAT orders Fresh Adjudication

Income Tax : ITAT Bangalore remits the case of Gold Palace Jewellers back to CIT(A) for fresh consideration, citing a 4-year delay and lack of ...

February 11, 2025 114 Views 0 comment Print

ITAT Upholds CIT’s Section 263 Invocation on Genuineness of Receipts & Expenditures

Income Tax : ITAT Pune confirms CIT's order under Section 263, finding errors in reassessment proceedings for Gourishankar Education Society. A...

February 11, 2025 60 Views 0 comment Print

Section 68 Limited to Current Year Cash Credits: ₹2 Cr Addition Deleted

Income Tax : ITAT Mumbai rules in favor of B. Braun Medical India, deleting ₹2 Cr addition u/s 68, citing it as an advance payment, not unexp...

February 11, 2025 114 Views 0 comment Print

Senior Citizen’s Appeal Dismissed Over Advance Tax Non-Payment Restored to CIT(A) by ITAT

Income Tax : ITAT Pune remands appeal for reconsideration, citing leniency for a senior citizen taxpayer's advance tax shortfall. Case to be de...

February 11, 2025 72 Views 0 comment Print


Latest Notifications


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 114 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 234 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 246 Views 0 comment Print

CBDT Shares Taxpayer Data for PMGKAY Eligibility

Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...

February 4, 2025 2577 Views 0 comment Print

Finance Bill, 2025 – Budget 2025 (Read Full)

Income Tax : BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS IN...

February 1, 2025 5298 Views 0 comment Print


Notification: S.O.694 Date of Issue: 6/2/1978

February 6, 1978 346 Views 0 comment Print

Notification: S.O.694 In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Gov

Notification: S.O.1868 Date of Issue: 6/2/1978

February 6, 1978 271 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 hereb

Notification: S.O.1867 Date of Issue: 6/2/1978

February 6, 1978 289 Views 0 comment Print

Central Government hereby notifies Sri Vadiraja Mutt, Sonda, for the purpose of the section 10(23C) for and from the assessment year 1962-63.

Notification: S.O.1341 Date of Issue: 6/2/1978

February 6, 1978 214 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 hereb

Notification: S.O.1340 Date of Issue: 6/2/1978

February 6, 1978 286 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 n

Notification: S.O.1339 Date of Issue: 6/2/1978

February 6, 1978 256 Views 0 comment Print

Check the notification (S.O.1339) under Income Tax Act, 1961, Section 10(23C)(v). Thiruvambady Devaswom, Trichur, notified for assessment year 1972-73. Stay updated on tax regulations.

Notification: S.O.1338 Date of Issue: 6/2/1978

February 6, 1978 277 Views 0 comment Print

Notification: S.O.1338 Central Government hereby notifies Pri Haji Ali Dargah for the purpose of the section 10(23C) for and from the assessment year(s) 1966-67.

Notification: S.O.1337 Date of Issue: 6/2/1978

February 6, 1978 244 Views 0 comment Print

Central Government hereby notifies Arulmigu Thirumalai Kumaraswami Thirukkoil for the purpose of the said section for and from the assessment year 1977-78.

Notification: S.O.1336 Date of Issue: 6/2/1978

February 6, 1978 228 Views 0 comment Print

Central Government hereby notifies Shri Subramaniaswami Devasthanam, Tiruchendur, for the purpose of the said section for and from the assessment year(s) 1962-63.

Notification: S.O.1335 Date of Issue: 6/2/1978

February 6, 1978 322 Views 0 comment Print

Central Government hereby notifies Poondi Parish, Poondy, for the purpose of the said section for and from the assessment year(s) 1976-77.

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