Sponsored
    Follow Us:

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


Comparative Analysis: Income Tax Act 1961 vs. Income Tax Bill 2025

Income Tax : A detailed comparison of key provisions in the Income Tax Act, 1961, and the proposed Income Tax Bill, 2025, highlighting major ch...

February 13, 2025 5757 Views 0 comment Print

USA Taxation 2024: Updated Guidelines for Individuals

Income Tax : Stay updated with 2024 US individual tax filing details, including deadlines, tax rates, forms, and standard deductions. Learn abo...

February 13, 2025 141 Views 0 comment Print

वरिष्ठों को भी सभी स्तोत्रों से प्राप्त बारह लाख तक आय पर टैक्स छूट नहीं देना कहाँ तक उचित

Income Tax : बजट में गैर-पेंशनभोगी वरिष्ठों को कर राहत न मिलने ...

February 13, 2025 387 Views 0 comment Print

Section 44AD: Presumptive Taxation for Small Businesses

Income Tax : Simplify taxes with Section 44AD's presumptive taxation for small businesses. Learn eligibility, rates, and conditions for maintai...

February 13, 2025 879 Views 0 comment Print

New Income Tax Bill, 2025: Important Key Points

Income Tax : Learn key updates in the New Income Tax Bill, 2025, effective April 2026. Covers tax year, compliance, deductions, international t...

February 12, 2025 3573 Views 0 comment Print


Latest News


Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 13, 2025 1464 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 117 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 294 Views 0 comment Print

Corporate Tax Collections & Incentives for Global Firms

Income Tax : Corporate tax collections rose post rate cuts from AY 2020-21, except during COVID. Budget 2025 proposes presumptive tax for elect...

February 12, 2025 39 Views 0 comment Print

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 10644 Views 2 comments Print


Latest Judiciary


Source of gift satisfactorily explained: ITAT deleted addition

Income Tax : In the matter abovementioned ITAT allowed the appeal of the assessee after deleting the addition made u/s 68 after observing the f...

February 13, 2025 36 Views 0 comment Print

Indian AE Transactions at Arm’s Length, HC Says No More Attribution

Income Tax : Respondent/assessee is a Irish company. It accordingly claimed benefits of the India-Ireland DTAA. ADIR is a wholly owned subsidia...

February 13, 2025 27 Views 0 comment Print

CA Accident Prevents Compilation, ITAT Pune Remanded case to CIT(A)

Income Tax : In the matter abovementioned ITAT allowed appeal of the assessee for statistical purpose by way of remand after considering that a...

February 13, 2025 45 Views 0 comment Print

Taxpayer Must Provide Comparable Data in Foreign AE Cases:: ITAT remanded matter

Income Tax : In the matter above-mentioned ITAT partly allowed the appeal filed by the assessee by remanded it back to file of TPO after consid...

February 13, 2025 45 Views 0 comment Print

Section 148 Notice Procedure Must Be Completed Within Section 149 Timeframe: Delhi HC

Income Tax : Therefore, the procedure that is required to be completed for issuance of notice under Section 148 of the Act is required to be co...

February 12, 2025 213 Views 0 comment Print


Latest Notifications


Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 12 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 93462 Views 3 comments Print

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 183 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 321 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 327 Views 0 comment Print


Circular No. 192-Income Tax dated 10-3-1976

March 10, 1976 2047 Views 0 comment Print

Circular : No. 192 -Income Tax The Board have considered the question of allowability under section 37(1), expenditure incurred on training of apprentices covered under the Apprentices Act, 1961. Any expenditure to qualify for deduction under section 37(1) must be laid out or expended wholly and exclusively for the purposes of the business or profession carried on by the assessee.

Notification: S.O.1724 Date of Issue: 8/3/1976

March 8, 1976 531 Views 0 comment Print

Notification: S.O.1724 It is hereby notified for general information that the following research programme has been approved by the prescribed authority, the Indian Council of Medical Research, New Delhi, for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961. The approval is being granted

Notification: S.O.1677 Date of Issue: 8/3/1976

March 8, 1976 298 Views 0 comment Print

Notification: S.O.1677 It is hereby notified for general information that the instituion 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, for research purposes only. The Insti

Circular No. 191-Income Tax Dated 4-3-1976

March 4, 1976 580 Views 0 comment Print

Circular : No. 191-Income Tax The Board have considered the question whether an Income-tax clearance certificate under section 230A is necessary in a case where the Government is a transferor. They are advised that the expression “person” appearing in section 230A has been used only in the context of those entities which are required to pay in­come-tax and taxes under various

Circular No. 190-Income Tax dated 1-3-1976

March 1, 1976 565 Views 0 comment Print

Circular : No. 190 -Income Tax Reference is invited to the Board’s Circular No. 142 [F. No. 204/25/74-IT-(A-II)], dated 1-8-1974, whereby the Board had issued clarification that the amount of subsidy received under “10 per cent Central Outright Grant of Subsidy Scheme, 1971” for industrial units to be set up in certain selected backward districts/areas would constitute capital receipt in the hands of the recipient.

Notification: S.O.1574 Date of Issue: 28/2/1976

February 28, 1976 232 Views 0 comment Print

Notification: S.O.1574 Duration of Programme : 5 years w.e.f. 1st April, 1975. Cost of Project : Between 7 to 8 crores. ——

Notification: S.O.1573 Date of Issue: 25/2/1976

February 25, 1976 337 Views 0 comment Print

Notification: S.O.1573 Sri Avinashilingam Home Science College for Women, Coimbatore. This noti

Notification: S.O.1524 Date of Issue: 23/2/1976

February 23, 1976 328 Views 0 comment Print

Notification: S.O.1524 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Cadila Laboratories, Ahmedabad, by notification No. 566 (F. No. 203/15/73-ITA. II) dated 27th February, 1974, is withdrawn w.e.f. 1st April, 1976, on the reco

Notification: S.O.134(E) Date of Issue: 23/2/1976

February 23, 1976 468 Views 0 comment Print

Notification: S.O.134(E) This notification contains Amendment to Income-tax (Amendment) Rules, 1976 carried out on February 23, 1976 not reproduced here as it is already contained in the body of the Rules itself.

Notification: S.O.1571 Date of Issue: 19/2/1976

February 19, 1976 325 Views 0 comment Print

Notification: S.O.1571 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Association of Otolaryngologists of India, Bombay, by notification No. 188 (F. No. 203/12/70-ITA. II) dated 25th November, 1970, is withdrawn with effect from 1-4

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728