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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


Tax Deduction at Source on Payments to Non-Residents

Income Tax : Learn about TDS on payments to non-residents, including business connection rules, royalty provisions, and significant economic pr...

March 17, 2025 15 Views 0 comment Print

Income Tax Bill 2025: Key Proposals and Simplifications

Income Tax : Discover key changes in the Income Tax Bill 2025, including enhanced rebates, simplified trust provisions, and extended registrati...

March 15, 2025 900 Views 0 comment Print

Analysis of Section 194T of Income Tax Act 1961: TDS on Payments to Partners

Income Tax : Section 194T mandates 10% TDS on partner payments exceeding ₹20,000 annually, effective April 1, 2025. Learn its impact, complia...

March 15, 2025 1284 Views 0 comment Print

Income from ‘Profits and Gains of Business or Profession’

Income Tax : Understand income tax rules for business & profession in India. Covers business, profession, vocation, occupation, and deduction g...

March 15, 2025 774 Views 0 comment Print

Income from Business and Profession under Income Tax Act 1961

Income Tax : In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Busines...

March 13, 2025 963 Views 0 comment Print


Latest News


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 33 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 63 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 195 Views 0 comment Print

Govt Expects 12.65% Rise in Income Tax Collections Despite Tax Rate Cut

Income Tax : The Finance Bill 2025 projects a 12.65% rise in income tax collections despite tax cuts, with estimated receipts of ₹25.20 lakh ...

March 16, 2025 69 Views 0 comment Print

Impact of Tax Rate Reduction on Middle-Class & Savings

Income Tax : The Finance Bill 2025 revises tax slabs, reducing the burden on middle-class taxpayers. The changes aim to boost savings and consu...

March 16, 2025 81 Views 0 comment Print


Latest Judiciary


No addition u/s 68 for unsecured loans from genuine lenders

Income Tax : In pursuance of search, notice u/s.153A was issued and in response, assessee also filed its return of income. AO noted that assess...

March 17, 2025 9 Views 0 comment Print

No addition u/s 69C for undisclosed transactions solely on basis of WhatsApp Messages

Income Tax : Assessee had strongly contended that he was unaware of who Shri Kaustubh Latke and Shri Shailesh Patil are, since they were not co...

March 17, 2025 30 Views 0 comment Print

Bail Travel Rule Change: Gupta vs. GST Intelligence (Delhi HC)

Income Tax : Delhi HC modifies bail travel restrictions in Gorav Gupta case, post GST adjudication, allowing travel with department intimation,...

March 17, 2025 18 Views 0 comment Print

Exemption u/s. 11 cannot be denied to town planning authority as fees charges doesn’t generate profit

Income Tax : ITAT Bangalore held that denial of exemptions under section 11 and 12 of the Income Tax Act is unjustified as fees are charged by ...

March 17, 2025 30 Views 0 comment Print

Order passed overlooking error apparent on face of record is invalid: Delhi HC

Income Tax : Petitioner stated that the said notice was issued pursuant to the information collected under section 135A of the Act, which perta...

March 17, 2025 39 Views 0 comment Print


Latest Notifications


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 1029 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 654 Views 0 comment Print

High-Risk CRIU/VRU Cases and proceedings under Sections 148/148A

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

March 7, 2025 615 Views 0 comment Print

Assessment & Investigation of Benami, Foreign Assets & TDS Cases

Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...

March 7, 2025 315 Views 0 comment Print

Income Tax Department identifies High-Risk Non-Filers for AY 2019-22

Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...

March 7, 2025 9684 Views 0 comment Print


Notification No. S.O.1008-Income Tax, Dated: 14.11.1980

November 14, 1980 286 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in the field of Technological, Engineering, Electronics and Management Consultancy.

Notification No. S.O.997-Income Tax, Dated: 14.11.1980

November 14, 1980 304 Views 0 comment Print

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 Secretary, Department of Science & Technology, New Delhi.

Notification No. S.O.998-Income Tax, Dated: 14.11.1980

November 14, 1980 397 Views 0 comment Print

Examination of application of Solar Energy in the process of manufacture of hand tools, providing chilled water to workers’ canteen, design and fabrication of suitable models based on the research.

Notification No. S.O.999-Income Tax, Dated: 14.11.1980

November 14, 1980 250 Views 0 comment Print

That the Foundation will furnish a copy of the annual audited statement of accounts to the Council by 31st May each year and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.334-Income Tax, Dated: 05.11.1980

November 5, 1980 298 Views 0 comment Print

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 prescribed authority, the Secretary, Department of Science and Technology, New Delhi

Notification No. S.O.333-Income Tax, Dated: 30.10.1980

October 30, 1980 256 Views 0 comment Print

That the Association will furnish annual returns of its scientific research activities to the Council for each year at the latest by 31st May in each year in such form as may be laid down and intimated to them for this purpose.

Notification No. S.O.3393-Income Tax, Dated: 29.10.1980

October 29, 1980 259 Views 0 comment Print

That the Centre for Organisation Development shall send an annual statement of accounts and annual report to the I.C.S.S.R. as well as to the concerned Commissioner of Income-tax, showing the funds collected by them under this exemption and the manner in which funds were utilised.

Notification No. S.O.3396-Income Tax, Dated: 25.10.1980

October 25, 1980 364 Views 0 comment Print

That the Association will furnish a copy of the annual audited statement of accounts to the Council by 31st May each year and, in addition, send a copy of it to the concerned Income-tax Commissioner.

Procedure for regulating refund of amounts paid in excess of tax deducted and/or deductible

October 21, 1980 10462 Views 0 comment Print

The Board have been considering the manner of refunding the amount paid in excess of the tax deducted and/or deductible (whichever is more) under sections 192 to 194D of the Income-tax Act. The Board are advised that such excess payment can be re­funded, independently of the Income-tax Act, to the person re­sponsible for making such payment subject to necessary adminis­trative safeguards.

Notification No. S.O. 266-Income Tax, Dated: 16.10.1980

October 16, 1980 352 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 notifies Arulmigu Kapaleeswarar Temple for the purposes of the said section for the assessment year(s) 1973-74 to 1981-82.

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