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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 2124 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 4278 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 228 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 432 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 1287 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 4689 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 6459 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


Non-mandatory of Govt. Approval for enterprises claiming sec. 80IC deductions in notified special zones

Income Tax : Enterprises claiming deductions under Section 80IC were not required to obtain government approval if they operate in notified spe...

March 12, 2025 21 Views 0 comment Print

Disallowance u/s. 14A not justified as investment made out of interest free funds: ITAT Jaipur

Income Tax : ITAT Jaipur held that the assessee has sufficient amount of interest free fund to make investment yielding exempt income, therefor...

March 12, 2025 30 Views 0 comment Print

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 183 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 1548 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 2031 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 471 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 579 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 9543 Views 0 comment Print


Circular No. 218-Income Tax dated 30-4-1977

April 30, 1977 523 Views 0 comment Print

Circular : No. 218 -Income Tax Reference is invited to Circular No. 10 [XLVII-9]-D of 1958, dated 20-5-1958 and Circular No. 102 [F. No. 167/56/71 -IT(A-I)], dated 3 -2-1973 [Clarifications 2 and 3 on p. 1.161 and p. 1.163, respectively

Notification No. S.O.2277 Date of Issue: 28/4/1977

April 28, 1977 382 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 ” Shri Cherpalacheri Ayyappankavu Jeernodharana Samithi, Cherpalacheri, Palghat “, to be a place of public worship of renown throughout the State of Kerala for the purposes of the said section.

Notification No. S.O.2092 Date of Issue: 16/4/1977

April 16, 1977 403 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 ” Shri Kalyanavenkataramanaswamy Temple, Thanthonimalai, Karur-5, Tiruchirapalli District “, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification No. S.O.2094 Date of Issue: 15/4/1977

April 15, 1977 340 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions

Notification No. S.O.3447 Date of Issue: 14/4/1977

April 14, 1977 463 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 Army Group Insurance Scheme Fund for the purpose of the said section for and from the assessment year 1976-77.

Notification No. S.O.3332 Date of Issue: 14/4/1977

April 14, 1977 232 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 Shri Shamlaji Kshetra Trust, Shamlaji, for the purpose of the said section for and from the assessment year(s) 1972-73.

Notification No. S.O.2230 Date of Issue: 5/4/1977

April 5, 1977 277 Views 0 comment Print

Ahmedabad Textile Industry’s Research Association where the above programme has been sponsored stands approved u/s. 10(2)(xiii) of the Indian Income-tax Act, 1922, by Notification No. 211, dated 10th April, 1948.

Notification No. S.O.2093 Date of Issue: 5/4/1977

April 5, 1977 292 Views 0 comment Print

that the said Academy 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.2347 Date of Issue: 4/4/1977

April 4, 1977 319 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 the 6 per cent 10 years Bonds, 1986–Second Series–issued by the Industrial Reconstruction Corporation of India Ltd., between the 1st November, 1976, and 3rd November, 1976, for the purposes of the said clause.

Circular No. 216-Income Tax dated 31-3-1977

March 31, 1977 277 Views 0 comment Print

Circular: No. 216 -Income Tax I am directed to invite a reference to this Department’s Circular No. 199 [F. No. 275/62/76-ITJ], dated 25-6-1976 on the subject of deduction of income-tax from payments of income “by way of insurance commission” during the year 1976-77.

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