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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 1869 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 4104 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 213 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 357 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 1272 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 4605 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 40605 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 6450 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 10641 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 12021 Views 0 comment Print


Latest Judiciary


Np Penalty u/s 271E of Rs. 57.27 Lakh for violation of sec. 269SS and 269T as there was reasonable cause with assessee

Income Tax : Assessee contended that there was no violation of provisions of sec.269T since the security deposits were obtained through banking...

March 12, 2025 87 Views 0 comment Print

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 1188 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 1239 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 570 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 108 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 426 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 576 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 537 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 306 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 9531 Views 0 comment Print


Notification No S.O.2947 Date of Issue: 8/7/1977

July 8, 1977 295 Views 0 comment Print

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, on the following conditions

Notification No. S.O.3386 Date of Issue: 7/7/1977

July 7, 1977 208 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 Arulmigu Azhagia Nambi Rayar Temple at Thirukkurungudi, Nanguneri Taluk, Tirunelveli District, Tamil Nadu to be a place of public worship of renown throught the State of Tamil Nadu for the purposes of the said section.

Notification No. S.O.3064 Date of Issue: 7/7/1977

July 7, 1977 289 Views 0 comment Print

It is hereby notifed 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, on the following conditions

Notification No. S.O.290 Date of Issue: 6/7/1977

July 6, 1977 334 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 Shree Vaikunth Nath Devasthan Trust, Calcutta, for the purpose of the said section for and from the assessment year 1975-76.

Notification No. S.O.492 Date of Issue: 30/6/1977

June 30, 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 ” Shree Jairambhai Dayabhai Chauhan (Bytco) Charitable Trust ” for the purpose of the said section for and from the assessment year 1977-78.

Notification No. S.O.3457, Date of Issue: 30/6/1977

June 30, 1977 298 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 National Sponsorship Council, Bombay, for the purpose of the said section for and from the assessment year 1976-77.

Notification No. S.O.3456 Date of Issue: 30/6/1977

June 30, 1977 328 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 The Annie Besant Trust, Madras, for the purpose of the said section for and from the assessment year 1978-79.

Notification No. S.O.3455 Date of Issue: 30/6/1977

June 30, 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 The Theosophical Society, Adyar, for the purpose of the said section for and from the assessment year 1977-78.

Notification No. S.O.3454 Date of Issue: 30/6/1977

June 30, 1977 295 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 The Indian Section, The Theosophical Society, Varanasi, for the purpose of the said section for and from the assessment year 1976-77.

Circular No. 225 -Income Tax dated 30-6-1977

June 30, 1977 400 Views 0 comment Print

Circular No. 225-Income Tax . I am directed to invite a reference to this Ministry’s Circu­lar No. 214 of even number dated 30-3-1977 on the subject of deduction of income-tax from salaries paid during the year 1977-78. The Finance (No. 2) Bill, 1977 introduced in the Parliament on June 17, 1977, inter alia, prescribes the rates at which income-tax has to be deducted during the financial year 1977-78 from income

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