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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 6213 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 123 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 696 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 13140 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 11490 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 4236 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 99 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 162 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 4446 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 69 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 117 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 81 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 243 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 174 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 381 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 342 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 5433 Views 0 comment Print


Notification No. S.O.470-Income Tax, Dated: 02.01.1979

January 2, 1979 250 Views 0 comment Print

That the Vastu-Shilpa Foundation for Studies & Research in Environmental Design, Ahmedabad, will maintain a separate account for scientific research in the field of natural or applied sciences (other than agriculture/animal husbandry/fisheries & medicines).

Notification No. S.O.471-Income Tax, Dated: 02.01.1979

January 2, 1979 271 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.

Notification: S.O.3503 Date of Issue: 30/10/1978

December 30, 1978 268 Views 0 comment Print

Notification: S.O.3503 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 Shri 108 Prannath Mandir Trust Dham, Panna, for the purpose of the said section for and from the assessment year 1977-78.

Notification: S.O.853 Date of Issue: 30/12/1978

December 30, 1978 315 Views 0 comment Print

Notification: S.O.853 In continuation of this Department’s Notification No. 1250 dated 8th March, 1976 (F. No. 203/27/76-ITA. II), it is hereby notified for general information that the 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, New Delhi. 1. Name of the scientific research programme Development and

Notification: S.O.579 Date of Issue: 30/12/1978

December 30, 1978 223 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Arappaleeswarar Temple, Kollimalai P.O., Salem District, Tamil Nadu, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification: S.O.578 Date of Issue: 30/12/1978

December 30, 1978 252 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 Arulmigu Swaminathaswami Temple, Swamimalai, for the purpose of the said section for and from the assessment year 1977-78.

Notification: S.O.2005 Date of Issue: 30/12/1978

December 30, 1978 208 Views 0 comment Print

Notification: S.O.2005 Central Government hereby notifies Gujarat Rajya Rahat Samiti, Ahmedabad, for the purpose of the said section for and from the assessment year(s) 1972-73.

Notification: S.O.725(E) Date of Issue: 23/12/1978

December 23, 1978 220 Views 0 comment Print

Notification: S.O.725(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 :– This notification contains Amendment to Income-tax (Ninth Amendment) Rules, 1978 carried out on December 23, 1978 not reproduced here as it is already contained in the body of t

Notification: S.O.852 Date of Issue: 22/12/1978

December 22, 1978 415 Views 0 comment Print

Notification: S.O.852 It is hereby notified for general information that the 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, read with rule 6(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.

Notification: S.O.851 Date of Issue: 22/12/1978

December 22, 1978 295 Views 0 comment Print

Notification: S.O.851 It is hereby notified for general information that the 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, read with rule 6(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science and Technology, New Delhi.

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