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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


Taxation of Indian & Overseas IPL Players

Income Tax : Explore the tax implications for IPL players, including income tax for Indian and overseas players, TDS rates, and the role of DTA...

December 18, 2024 501 Views 0 comment Print

Taxation framework for Startups in India

Income Tax : Explore the taxation framework for startups in India, including tax holidays, ESOPs, and angel tax exemptions under the Income Tax...

December 16, 2024 1143 Views 0 comment Print

Condonation of Delay for Filing Forms 9A, 10, 10B, 10BB Post-18th Nov 2024

Income Tax : New Application for Condonation of Delay in Filing Forms 9A, 10, 10B, and 10BB Post 18th November 2024 as per Circular No. 16/2024...

December 16, 2024 939 Views 0 comment Print

India’s MFN Clause Controversy: $100 Billion Investment at Risk

Income Tax : India-Switzerland MFN clause suspension may cost $100 billion in Swiss investment, raising tax rates on dividends and impacting th...

December 16, 2024 480 Views 0 comment Print

Reassessment Post-TOLA & Finance Act 2021: Union of India v. Rajeev Bansal

Income Tax : SC clarifies reassessment notices under TOLA and Finance Act 2021 in Union of India v. Rajeev Bansal. Learn how decision impacts t...

December 16, 2024 1038 Views 0 comment Print


Latest News


Decriminalization Of Minor Offences In Direct Taxes

Income Tax : Government decriminalizes minor direct tax offences, simplifies compliance, and improves litigation management. Key changes includ...

December 17, 2024 117 Views 0 comment Print

PAN 2.0 Project: Key Details and Financial Implications

Income Tax : PAN 2.0 focuses on process upgrades for taxpayers with no mandatory new PAN card. Existing cards remain valid. Estimated cost: ₹...

December 17, 2024 249 Views 0 comment Print

CBDT Launches E-Campaign to Resolve Income and Transaction Mismatches

Income Tax : CBDT's electronic campaign helps taxpayers fix mismatches in income and transactions for FY 2023-24 and 2021-22. Revised ITRs can ...

December 17, 2024 3336 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 16, 2024 3864 Views 0 comment Print

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 486 Views 0 comment Print


Latest Judiciary


Condonation of 2564-Day Delay Allowed as No Undue Benefit from Not Appealing Assessment Order

Income Tax : Assessee had given reasons that as per the previous counsel, late Shri R.R. Jain (C.A.) had given advice no separate appeal agains...

December 18, 2024 30 Views 0 comment Print

Industrial unit to be treated separately and independently for computation of deduction u/s. 80-IB

Income Tax : The stand of the assessee was that it was not necessary that loss of one industrial undertaking should necessarily be adjusted aga...

December 18, 2024 39 Views 0 comment Print

Instead of gross receipt only net profit of receipt to be treated as undisclosed income

Income Tax : ITAT Ahmedabad held that addition of entire amount as unaccounted sales not justified since undisclosed income is required to be c...

December 18, 2024 30 Views 0 comment Print

ITAT Dismisses Appeal with Option to Reinstate if VSV Application Rejected

Income Tax : ITAT Mumbai dismisses the appeal of Veermata Jijabai Technological Institute under Direct Tax Vivad Se Vishwas Scheme for AY 2017-...

December 18, 2024 27 Views 0 comment Print

No Penalty for Minor/Inadvertent Errors in Reporting Foreign Assets in Tax Returns

Income Tax : ITAT Mumbai rules on ACIT vs Rohit Krishna, dismissing penalties under Section 43 of the Black Money Act for non-reporting of fore...

December 18, 2024 48 Views 0 comment Print


Latest Notifications


Guidance Note 2/2024 on Direct Tax Vivad se Vishwas Scheme, 2024

Income Tax : Circular No. 19/2024 offers clarifications on the eligibility and settlement under the Direct Tax Vivad Se Vishwas Scheme, 2024....

December 17, 2024 741 Views 0 comment Print

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 1590 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 255 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 3492 Views 0 comment Print


Notification No. S.O.1227, Date of Issue: 25/3/1964

March 25, 1964 393 Views 0 comment Print

Notification: S.O.1227 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 Institution -Shri Ram Centre for Industrial Relations, New Delhi

Notification No. 128/49, Date of Issue: 02.03.1964

March 2, 1964 465 Views 0 comment Print

Notification: 128/49 Commissioner of Income-tax/Gift-tax, Uttar Pradesh, Lucknow, 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.1448, Date of Issue: 19.02.1964

February 19, 1964 376 Views 0 comment Print

Notification: S.O.1448 Commissioner of Income-tax/Gift-tax, Madhya Pradesh, Nagpur and Bhandara, Nagpur, 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. T-V461(21)/64, Date of Issue: 05.02.1964

February 5, 1964 415 Views 0 comment Print

Notification: T-V461(21)/64 In pursuance of sub-section (5) of section 226, and section 229 of the Income-tax Act, 1961 (43 of 1961), section 33 of the Gift-tax Act, 1958 (18 of 1958), and section 19 of the Super Profits Tax Act, 1963 (14 of 1963), and of all other powers enabling him in this behalf and in supersession of all previous orders in so far as they

Notification No. S.O.511, Date of Issue: 04.02.1964

February 4, 1964 370 Views 0 comment Print

Notification: S.O.511 This notification contains Amendment to Income-tax Rules carried out on 4-2-1964 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.347, Date of Issue: 20.01.1964

January 20, 1964 405 Views 0 comment Print

Notification: S.O.347 Wool Research Association, Bombay – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,

Notification No. S.O.107 Date of Issue: 01.01.1964

January 1, 1964 460 Views 0 comment Print

Notification: S.O.107 Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :—This notification contains Amendment to Income-tax Rules carried out on 1-1-1964 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.3128, Date of Issue: 28.10.1963

October 28, 1963 420 Views 0 comment Print

Notification: S.O.3128 Study Group of Tetanus, K. E. M. Hospital, 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).

Notification No. S.O. 2953, Date of Issue: 09.10.1963

October 9, 1963 531 Views 0 comment Print

Notification: S.O.2953 In pursuance of sub-clause (ii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following Certificates for the purposes of that sub-clause, namely :

Notification No. S.O. 2869, Date of Issue: 05.10.1963

October 5, 1963 355 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 Sri Nachiar (Sri Andal) an

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