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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


Places of Worship Act, 1991: Hon’ble SC Impasse on Their Final Verdict

Income Tax : Explore the implications of the Places of Worship Act, 1991, its impact on India's cultural heritage, and the challenges in foster...

December 15, 2024 426 Views 0 comment Print

How to Pay Income Tax Online: List of empanelled banks & Guide

Income Tax : Learn how to pay income tax online easily. Check the latest list of empaneled banks for e-tax payment (Nov 2024) and follow a simp...

December 15, 2024 153 Views 0 comment Print

From Courts to Consensus: The Promise of ADR in resolving Tax Disputes

Income Tax : Explore the potential of ADR mechanisms in resolving taxation disputes, addressing government concerns, and improving efficiency i...

December 15, 2024 111 Views 0 comment Print

Commonly Found Irregularities In Tax Audit Report

Income Tax : Learn about common irregularities in tax audit reports for AY 2023-24, including reporting gaps in Forms 3CA/3CB, SA 700, and sect...

December 13, 2024 20826 Views 0 comment Print

Draft Assessment Orders in Transfer Pricing Cases: Legal Obligations under Section 144C

Income Tax : Section 144C of IT Act, 1961 was brought through Finance Act, 2009 & introduced for orderly assessment with respect to the interna...

December 13, 2024 423 Views 0 comment Print


Latest News


No Corporate Tax Written Off by Government (FY 2019-20 to FY 2024-25)

Income Tax : The government responds to queries on corporate tax, including notices, prosecutions, and collections over the past five years....

December 11, 2024 429 Views 0 comment Print

Representation & Suggestions on Direct Tax Vivad Se Vishwas Scheme 2024

Income Tax : KSCAA raises concerns and provides suggestions for improving the Direct Tax Vivad Se Vishwas Scheme 2024 to the CBDT....

December 11, 2024 3369 Views 0 comment Print

Govt. Clarifies Tax Exemption for STs, No New Proposals

Income Tax : Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim ex...

December 6, 2024 249 Views 0 comment Print

CBI Arrests Two Income Tax Employees in Bribery Case

Income Tax : CBI arrests two Income Tax employees in Silchar for accepting Rs. 4,000 bribe as part of a Rs. 10,000 demand for PAN card closure....

December 6, 2024 387 Views 0 comment Print

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 1446 Views 0 comment Print


Latest Judiciary


Revenue appeal dismissed in absence of any substantial question of law: Allahabad HC

Income Tax : Allahabad High Court held that no substantial question of law arise since Tribunal after thorough scrutiny concluded that invocati...

December 14, 2024 264 Views 0 comment Print

TDS u/s. 194C not deductible on capital grant subsidy extended by NHAI: Delhi HC

Income Tax : Delhi High Court held that TDS under section 194C of the Income Tax Act not deductible on capital grant subsidy extended by NHAI t...

December 14, 2024 141 Views 0 comment Print

Registration to trust u/s. 12AB granted as exemption u/s. 11 not claimed: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that registration to trust under section 12AB of the Income Tax Act granted since assessee demonstrated that e...

December 14, 2024 360 Views 0 comment Print

Section 271AAB Penalty Proceedings Void as Addition Remanded: ITAT Delhi

Income Tax : ITAT Delhi remands penalty under Section 271AAB for reassessment, linking it to reconsidered quantum addition. Fresh proceedings o...

December 13, 2024 549 Views 0 comment Print

Delhi Bench Lacks Jurisdiction as AO Was in Kolkata: ITAT Delhi

Income Tax : ITAT dismisses Revenue’s tax appeal due to jurisdiction issues, allowing the revenue to approach the appropriate bench for furth...

December 13, 2024 303 Views 0 comment Print


Latest Notifications


Amendment to Income Tax Notification No. 44/2020

Income Tax : CBDT amends Notification No. 44/2020 under Section 10(23FE) of Income-tax Act. Changes take effect from publication in the Officia...

December 12, 2024 1314 Views 0 comment Print

Income Tax: Tamil Nadu Courts Designated for Black Money Act Cases

Income Tax : Notification designates special courts in Tamil Nadu under the Income Tax Act, 1961, and Black Money Act, 2015, for specific distr...

December 11, 2024 219 Views 0 comment Print

IIIT Hyderabad Approved for Section section 35(1)(ii) Scientific Research Tax Benefits

Income Tax : The Ministry of Finance grants approval to IIIT Hyderabad for scientific research under the Income Tax Act, effective from 2024-25...

December 4, 2024 192 Views 0 comment Print

Functionality to pass Assessment orders in Assessment Module of ITBA

Income Tax : Overview of steps in the ITBA Assessment Module for passing assessment orders, including income computation, feedback, and order g...

December 4, 2024 3483 Views 0 comment Print

Section 92E Income Tax Return Due Date Extended to 15th December 2024

Income Tax : CBDT extends the due date for filing income tax returns under section 92E for AY 2024-25 from 30th November 2024 to 15th December ...

November 30, 2024 7320 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 2768 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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