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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


Income from Business and Profession under Income Tax Act 1961

Income Tax : In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Busines...

March 13, 2025 258 Views 0 comment Print

Unlocking Mysteries of Gross Total Income and Income Tax Deductions

Income Tax : The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, acquiring a...

March 13, 2025 417 Views 0 comment Print

New Tax Slabs FY 2025-26: Revised Tax Rates & Key Changes

Income Tax : Check the updated tax slabs for FY 2025-26. Know the new tax rates, rebate changes, exemption limits, and comparison with the old ...

March 13, 2025 645 Views 0 comment Print

New Tax Regime vs. Old Tax Regime: Which One is Better for You?

Income Tax : Compare India's old and new tax regimes. Learn about tax slabs, deductions, and which option suits your income and investment habi...

March 13, 2025 174 Views 0 comment Print

Understanding Concept of Tax Deducted at Source (TDS) in India

Income Tax : Learn about Tax Deducted at Source (TDS) in India, its applicability, key sections, deduction process, penalties, and recent updat...

March 13, 2025 180 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 5508 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 40626 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 6663 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 10680 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 12129 Views 0 comment Print


Latest Judiciary


MMR not automatically include a surcharge unless highest income slab requirement is met

Income Tax : ITAT Hyderabad rules on Shriram Trust's surcharge dispute, stating that surcharge applies only if income exceeds ₹50 lakh. Read ...

March 13, 2025 48 Views 0 comment Print

Surcharge not be leviable on Trust Income when income was below limit

Income Tax : ITAT Mumbai deletes surcharge on Lintas Employees Trust, ruling that surcharge applies only if income exceeds ₹50 lakh. Read cas...

March 13, 2025 42 Views 0 comment Print

Surcharge on Trusts Not Automatic; Applies Only if Income Exceeds Prescribed Limit

Income Tax : ITAT Mumbai ruled in favor of Ujjwal Business Trust, deleting surcharge levied by CPC on income below ₹50 lakh. Read the case su...

March 13, 2025 51 Views 0 comment Print

AO’s proper inquiry on ESOP expenses: ITAT quashes revision order

Income Tax : Revision order issued by PCIT was quashed against Make My Trip (India) Private Limited as AO had conducted a proper inquiry before...

March 13, 2025 330 Views 0 comment Print

Receipt from parking facilities treated as business income: ITAT Mumbai

Income Tax : ITAT Mumbai held that the receipt from parking facilities is to be treated as business income instead of income from other sources...

March 13, 2025 54 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 726 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 606 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 600 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 309 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 9612 Views 0 comment Print


Notification: S.O.3888 Date of Issue: 5/9/1977

September 5, 1977 268 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 Triruvaduthurai Adheenam for the purpose of the said section for and from the assessment year(s) 1972-73.

Notification: S.O.3581 Date of Issue: 3/9/1977

September 3, 1977 295 Views 0 comment Print

That the Society shall send an annual report to the Indian Council of Social Science Research, New Delhi, showing the funds collected under the exemption and the manner in which the funds were utilised.

Notification: S.O.3996 Date of Issue: 3/9/1977

September 3, 1977 355 Views 0 comment Print

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 Income-tax Act, 1961, by the Secretary, the Department of Science & Technology, New Delhi.

Notification: S.O.3582 Date of Issue: 3/9/1977

September 3, 1977 376 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions

Notification: S.O.3886 Date of Issue: 30/8/1977

August 30, 1977 250 Views 0 comment Print

Notification: S.O.3886Section(s) Referred: 35 ,35(1) ,35(1)(ii) It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Rose Foundation, Bombay, by notification No. 86 (F. No. 203/26/71–ITA. II) with effect from 10-5-1972 is withdrawn with effect from 21-3-1977 on the recommendation of the prescribed authority, the Indian Council of Medical Research, New Delhi.

Notification: S.O.3467 Date of Issue: 29/8/1977

August 29, 1977 418 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 Asian Institute for Rural Development, Bangalore, for the purposes of the said section for and from the assessment year 1977-78.

Notification: S.O.640(E) Date of Issue: 27/8/1977

August 27, 1977 259 Views 0 comment Print

This notification contains Amendment to Income-tax (Fourth Amendment) Rules, 1977 carried out on August 27, 1977 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.3523 Date of Issue: 24/8/1977

August 24, 1977 208 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 Sri Kailash Ashram Mahasamsthan Trust, Kenchanahalli, Bangalore, for the purposes of the said section for and from the assessment year 1977-78.

Notification: S.O.3342 Date of Issue: 22/8/1977

August 22, 1977 310 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 Arulmighu Dhandayuthapaniswami Thirukkoil, Palani, for the purpose of the said section for and from the assessment year(s) 1972-73.

Notification: S.O.3344 Date of Issue: 20/8/1977

August 20, 1977 352 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 Nathdwara Temple Board, Nathdwara for the purpose of the said section for and from the assessment year(s) 1962-63.

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