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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


Section 87 Rebate on Short-Term Capital Gain (FY 2023-24 & 2024-25)

Income Tax : Learn about Section 87A rebate applicability on short-term capital gains under the new tax regime for FY 2023-25. Explore legal ch...

March 27, 2025 5973 Views 0 comment Print

Assurance at Stake: Difficulties of PPT in light of BEPS Action 6 and MLI

Income Tax : Explore the Principal Purpose Test (PPT) in international tax law, its impact on treaty benefits, legal uncertainty, and potential...

March 26, 2025 120 Views 0 comment Print

Budget 2025 Impact on Real Estate and further analysis

Income Tax : Budget 2025 introduces tax reliefs, higher TDS thresholds, and urban housing reforms, impacting real estate growth while raising c...

March 26, 2025 684 Views 0 comment Print

Key Income Tax Changes Effective from 01.04.2025

Income Tax : Income tax updates effective 1st April 2025 include higher TDS thresholds, extended startup benefits, increased rebates, and simpl...

March 25, 2025 12984 Views 2 comments Print

Received a Notice on HRA Claims? Here’s How to Stay Compliant

Income Tax : Many taxpayers who have claimed an HRA deduction exceeding ₹5 lakh in their income tax returns have received an email from the I...

March 25, 2025 11385 Views 3 comments Print


Latest News


Supplementary FAQs for Finance Bill, 2025

Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...

March 26, 2025 4200 Views 0 comment Print

Challenges and Solutions for Junior Income Tax Assessment Officers

Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...

March 26, 2025 96 Views 0 comment Print

JAO Charge Reorganization: ITGOA Seeks Immediate Action

Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...

March 26, 2025 159 Views 0 comment Print

Access By IT Officials To Personal Email, Social Media and Bank Accounts

Income Tax : IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not all...

March 26, 2025 4410 Views 0 comment Print

Government Promotes Voluntary Tax Compliance Measures

Income Tax : The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to exten...

March 26, 2025 60 Views 0 comment Print


Latest Judiciary


ITAT Quashes PCIT Order, Cites Lack of Inquiry and Jurisdictional Error

Income Tax : ITAT Jaipur quashes PCIT order revising assessment of Auro Iron, citing insufficient inquiry and overreach on reassessment grounds...

March 27, 2025 9 Views 0 comment Print

Assessee not required to prove source of amount in bank account of cash creditors: ITAT Jaipur

Income Tax : ITAT Jaipur held that assessee just needs to establish that the amount has come from the bank account of the cash-creditors. Asses...

March 27, 2025 93 Views 0 comment Print

Notice u/s. 143(2) issued by non-jurisdictional AO is bad-in-law: ITAT Kolkata

Income Tax : ITAT Kolkata held that issuance of notice under section 143(2) of the Income Tax Act by non-jurisdictional Assessing Officer rende...

March 27, 2025 78 Views 0 comment Print

Refund based on order passed cannot be unjustifiably adjusted against subsequent year demand

Income Tax : Gujarat High Court held that refund entitled to assessee on the basis of order passed by CIT(A) cannot be unjustifiably adjusted a...

March 27, 2025 210 Views 0 comment Print

Loose Papers Entries Unsupported: Tribunal Justified in Deleting Revenue’s Additions

Income Tax : Bombay High Court dismisses revenue's appeal in PCIT Vs Umesh Ishrani case, citing lack of corroboration for loose paper evidence ...

March 27, 2025 156 Views 0 comment Print


Latest Notifications


Income Tax Offices to Remain Open on March 29-31, 2025

Income Tax : Income Tax offices across India will remain open on March 29-31, 2025, for pending work, as per CBDT order under Section 119 of th...

March 27, 2025 369 Views 0 comment Print

Amendment of Safe Harbour Rules for AY 2025-26 under Section 92CB

Income Tax : CBDT notifies Income Tax (Sixth Amendment) Rules, 2025, introducing safe harbour rules for assessment year 2025-26. Full details o...

March 26, 2025 336 Views 0 comment Print

High-Risk e-Verification Cases: Instructions for AOs

Income Tax : Guidelines for Assessing Officers on handling high-risk e-Verification cases under the e-Verification Scheme 2021, including steps...

March 20, 2025 834 Views 0 comment Print

CBDT allows data sharing with Delhi’s IT Dept. for social welfare scheme identification

Income Tax : CBDT allows data sharing with Delhi's IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the...

March 19, 2025 246 Views 0 comment Print

CBDT FAQs on Revised Guidelines for Compounding Offences

Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...

March 18, 2025 5430 Views 0 comment Print


Notification No. S.O.2010-Income Tax, Dated: 10.01.1979

January 10, 1979 193 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Volkart Foundation, Bombay, for the purpose of the said section for and from the assessment year 1977-78.

Notification No. S.O.691-Income Tax, Dated: 10.01.1979

January 10, 1979 307 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 Gita Bhawan Trust, Indore, for the purpose of the said section for and from the assessment year 1979-79.

Notification No. S.O.854-Income Tax, Dated: 09.01.1979

January 9, 1979 289 Views 0 comment Print

That the institution will furnish annual return of its scientific research activities to the council for each financial year by 31st May, each year at the latest is such form as may be laid down and intimated to them for this purpose.

Notification No. S.O.580-Income Tax, Dated: 08.01.1979

January 8, 1979 250 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 Sacred Heart College Society, Shembaganur, for the purpose of the said section for and from the assessment year 1979-79.

Notification No. S.O.581-Income Tax, Dated: 08.01.1979

January 8, 1979 433 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 Sheth Goculdas Tejpal Charities for the purposes of the said section for and from the assessment year 1979-79.

Notification No. S.O.582-Income Tax, Dated: 08.01.1979

January 8, 1979 331 Views 0 comment Print

In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 6-1/4 per cent.–10 Year Bonds, 1988 (Ist Series) issued by the Industrial Reconstruction Corporation of India between 1st November and 3rd November, 1979, for the purpose of the said clause.

Notification No. S.O.690-Income Tax, Dated: 08.01.1979

January 8, 1979 331 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 Catholic Bishops’ Conference of India, New Delhi, for the purpose of the said section for and from the assessment year 1976-77.

Notification No. S.O.1022-Income Tax, Dated: 06.01.1979

January 6, 1979 319 Views 0 comment Print

That the said college will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April, each year.

Notification No. S.O.2006-Income Tax, Dated: 04.01.1979

January 4, 1979 205 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub- section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies United Service Institution of India, New Delhi, for the purpose of the said section for and from the assessment year(s) 1973-74.

Notification No. S.O.2007-Income Tax, Dated: 04.01.1979

January 4, 1979 205 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Yusuf Meherally Centre, Bombay, for the purpose of the said section for and from the assessment year(s) 1972-73.

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