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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


Assessment & Income Tax Exemption for Universities, Hospitals & Institutions

Income Tax : Learn about income tax exemptions for universities, hospitals, and educational institutions under Section 10 of the Income Tax Act...

March 11, 2025 57 Views 0 comment Print

Advance Tax Calculation and Payment: A Simple Guide

Income Tax : Learn how to calculate and pay advance tax in India. Understand eligibility, due dates, and online/offline payment methods....

March 11, 2025 1308 Views 0 comment Print

Future of International Taxation: OECD Global Minimum Tax

Income Tax : Learn about income tax exemptions for universities, hospitals, and educational institutions under Section 10 of the Income Tax Act...

March 11, 2025 81 Views 0 comment Print

Evolution of Tax Collection with Electronic Transactions: A Revolution in Taxation

Income Tax : Explore the challenges and solutions in tax collection with the rise of digital payments, cryptocurrencies, and e-commerce in toda...

March 11, 2025 51 Views 0 comment Print

Taxation of YouTube & Instagram Earnings: Rise of Digital Content Creators

Income Tax : Learn how YouTube & Instagram earnings are taxed in India. Understand income tax slabs, TDS, GST rules, deductions, and compliance...

March 10, 2025 1134 Views 0 comment Print


Latest News


Pendency of 5,49,042 Appeals Before CIT(A)/NFAC: Request for Early Disposal

Income Tax : AIFTP urges swift disposal of 5,49,042 income-tax appeals pending with NFAC/CIT(A), some for over 5 years, to alleviate taxpayers'...

March 11, 2025 2481 Views 0 comment Print

Updated List of 30 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

March 7, 2025 40587 Views 4 comments Print

Advance Tax Installments/Payments of taxes

Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...

March 5, 2025 6300 Views 0 comment Print

Include ‘Cost Accountant’ in definition of ‘Accountant’ under Income Tax Bill 2025: ICMAI

Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...

February 21, 2025 10623 Views 0 comment Print

Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 11940 Views 0 comment Print


Latest Judiciary


Once repayment is established, Section 68 additions unwarranted: ITAT Jaipur

Income Tax : ITAT Jaipur ruled on addition of ₹1.75 crore as unexplained credit in ITO Vs Kedia Builders. The tribunal highlighted compliance...

March 11, 2025 96 Views 0 comment Print

Stamp duty value on agreement date relevant for Section 56(2)(vii)(b): ITAT Mumbai

Income Tax : ITAT Mumbai rules in favor of assessee in Poonam Ramesh Sahajwani vs ITO case, applying Section 56(2)(vii)(b) to consider stamp du...

March 11, 2025 36 Views 0 comment Print

Alternate claim of delayed payment of PF & ESIC u/s. 37(1) not accepted

Income Tax : ITAT Mumbai held that as per section 36(1)(va) delayed payment of PF & ESIC has to be treated as income of the assessee. Hence, al...

March 11, 2025 300 Views 0 comment Print

Revision u/s. 263 for mere non-production of certificate in Form 3CL not justified

Income Tax : ITAT Chennai held that PCIT cannot term order passed by AO as erroneous and prejudicial to the interest of revenue merely for non-...

March 11, 2025 51 Views 0 comment Print

Initiation of reassessment u/s. 147 based on search action instead of 153A/153C is untenable

Income Tax : Bombay High Court held that once search action u/s. 132 of the Income Tax Act is the foundation of the case, assessment could be i...

March 11, 2025 135 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 39 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 549 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 513 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 303 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 9456 Views 0 comment Print


Notification: S.O.3143 Date of Issue: 13/7/1978

July 13, 1978 369 Views 0 comment Print

Notification: S.O.3143 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section

Notification: S.O.3142 Date of Issue: 13/7/1978

July 13, 1978 208 Views 0 comment Print

Notification: S.O.3142 It is hereby notified for general information that the institution mentioned below 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,

Notification: S.O.3084 Date of Issue: 13/7/1978

July 13, 1978 160 Views 0 comment Print

Notification: S.O.3084 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, by the Indian Council of Medical Research,

Notification: S.O.2471 Date of Issue: 13/7/1978

July 13, 1978 295 Views 0 comment Print

Notification: S.O.2471 Central Government hereby notifies Shree Somnath Trust for the purpose of the said section for and from the assessment year 1977-78.

Notification: S.O.2470 Date of Issue: 13/7/1978

July 13, 1978 385 Views 0 comment Print

Notification: S.O.2470 Central Government hereby notifies Sree Durgiana Committee, Amritsar, for the purpose of the said section for and from the assessment year 1974-75.

Circular No. 244-Income Tax dated 13-7-1978

July 13, 1978 3502 Views 0 comment Print

Circular : No. 244-Income Tax With a view to encouraging companies and co-operative societies to involve themselves in the work of rural development, the Finance (No. 2), Act, 1977 had introduced a new section 35CC, under which companies and co-operative societies are entitled to a deduction in the computation of the taxable profits of the expenditure incurred by them on any approved programme of rural development.

Notification: S.O.433(E) Date of Issue: 7/7/1978

July 7, 1978 367 Views 0 comment Print

Notification: S.O.433(E) In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :—

Notification: 2133 Date of Issue: 7/7/1978

July 7, 1978 292 Views 0 comment Print

Notification: 2133 In exercise of the powers conferred by clause (i) of sub-section (2) of section 246 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, having regard to the nature of the cases, the complexities involved and other relevant considerations, hereby directs that any assessee aggrieved by any of the following orders [other than the orders specified in clauses (a) to (h) of sub-section (2) of section 246] shall appeal to the Commissioner of Income-tax (Appeals) against such order, namely :—

Notification: S.O.3083 Date of Issue: 27/6/1978

June 27, 1978 253 Views 0 comment Print

Notification: S.O.3083 It is hereby notified for general information that the institution mentioned below 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, read with rule 6(ii) of the Income-tax Rules, 1962 under the category of ” Scientific Research Association ” in the field of

Notification: S.O.2668 Date of Issue: 24/6/1978

June 24, 1978 397 Views 0 comment Print

Notification: S.O.2668 Central Government hereby notifies Incorporated and Unincorporated Dewaswoms, Suchindram for the purpose of the said section for and from the assessment year(s) 1973-74.

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