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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


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 138 Views 0 comment 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 5808 Views 0 comment Print

TDS on rent, confusions? Here are the possible solutions!

Income Tax : Confused about TDS on rent? Understand Section 194-IB, its implications, penalties, and solutions to rectify non-compliance. Find ...

March 25, 2025 21345 Views 2 comments Print

Correction of TDS Statements: Key Changes in Section 200(3)

Income Tax : Understand amendments in Section 200(3) of the Income Tax Act, effective via Finance Act 2024, impacting TDS correction deadlines ...

March 24, 2025 4752 Views 1 comment Print

Lower Deduction Certificate for TDS and TCS as per Income Tax Act, 1961

Income Tax : Learn about the Lower Deduction Certificate under Sections 197 & 206C(9) of the Income Tax Act. Understand eligibility, applicatio...

March 23, 2025 1029 Views 0 comment Print


Latest News


Restrictions pertaining to filing of Correction TDS/TCS Statements

Income Tax : Learn about new rules restricting TDS/TCS correction statements under Income-tax Act Section 200(3) from April 2025. Key dates and...

March 23, 2025 1059 Views 0 comment Print

CBDT Seeks Input on Draft Income Tax Rules & Forms

Income Tax : CBDT invites stakeholder suggestions on simplifying Income Tax Rules and Forms under the Income Tax Bill, 2025. Submit feedback vi...

March 19, 2025 438 Views 0 comment Print

Direct Tax & Advance Tax Collections for F.Y. 2024-25 as on 16.03.2025

Income Tax : India's direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains ...

March 17, 2025 687 Views 0 comment Print

CBDT Clarifies Guidance on Principal Purpose Test (PPT)

Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...

March 17, 2025 1155 Views 0 comment Print

Corporate Tax Collection Trends & Foreign Investment Policies

Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...

March 16, 2025 132 Views 0 comment Print


Latest Judiciary


No Adverse Inference Against Purchaser for Supplier’s Retrospective GSTIN Cancellation: Allahabad HC

Income Tax : Allahabad HC quashes GST demand against Solvi Enterprises, ruling that the selling dealer was registered at the time of transactio...

March 25, 2025 264 Views 0 comment Print

Income Tax Treatment of Excise Duty Exemptions: Greenply Industries Case

Income Tax : PCIT Vs Greenply Industries Ltd (Gauhati High Court) The Gauhati High Court’s recent judgment in “The Principal Commis...

March 25, 2025 42 Views 0 comment Print

Anonymous Donations to Sai Baba Sansthan Trust Not Taxable Under Section 115BBC: ITAT Mumbai

Income Tax : ITAT Mumbai held that Sai Baba Sansthan Trust being both charitable and religious trust falls within exceptions provided under sec...

March 25, 2025 21 Views 0 comment Print

Developer Eligible for Section 80-IA Deduction for Government Contracted Development Work

Income Tax : ITAT Mumbai held that developer is entitled for deduction under section 80-IA of the Income Tax Act for carrying out development w...

March 25, 2025 30 Views 0 comment Print

Non-issuance of Section 143(2) notice invalids Section 143(3) Scrutiny Assessment: ITAT Raipur

Income Tax : ITAT Raipur held that assessment framed by AO u/s. 143(3) r.w.s. 147 of the Income Tax Act without issuance of notice under sectio...

March 25, 2025 45 Views 0 comment Print


Latest Notifications


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 774 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 231 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 5367 Views 0 comment Print

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 1167 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 780 Views 0 comment Print


Notification: S.O.3339 Date of Issue: 29/7/1977

July 29, 1977 340 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 Devarajaswami Devasthanam, Little Kanchipuram (Chingleput Dt.), for the purpose of the said section for and from the assessment year(s) 1971-72.

Notification: S.O.3577 Date of Issue: 26/7/1977

July 26, 1977 271 Views 0 comment Print

K.E.M. Hospital Research Centre, Pune, where the above programme has been sponsored has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Ministry of Finance (Department of Revenue & Insurance) notification No. 332 (F. No. 203/9/73–IIA. II) dated 21st April, 1973.

Notification: S.O.3462 Date of Issue: 26/7/1977

July 26, 1977 238 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 Indian Dairy Corporation for the purpose of the said section for and from the assessment year(s) 1975-76.

Notification: S.O.3390 Date of Issue: 26/7/1977

July 26, 1977 214 Views 0 comment Print

K.E.M. Hospital Research Centre, Pune, where the above programme has been sponsored, has been approved under section 35(1)(ii) of the Income-tax Act, 1961, by the Ministry of Finance (Department of Revenue & Insurance), Notification No. 332 (F. No. 203/9/73-ITA II), dated 21st April, 1973.

Notification: S.O.3413 Date of Issue: 25/7/1977

July 25, 1977 229 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in the fields of (a) Technology consultancy, and (b) Engineering consultancy only.

Notification: S.O.3338 Date of Issue: 25/7/1977

July 25, 1977 259 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 Sree Siddaganga Mutt, Tumkur Distt., for the purpose of the said section for and from the assessment year(s) 1974-75.

Notification: S.O.3337 Date of Issue: 25/7/1977

July 25, 1977 277 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 The Church of South India Trust Association, Madras, for the purpose of the said section for and from the assessment year(s) 1968-69.

Notification: S.O.3336 Date of Issue: 25/7/1977

July 25, 1977 289 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 Baba Kali Kamliwala Panchayat Khetram, Rishikesh, for the purpose of the said section for and from the assessment year(s) 1975-76.

Notification: S.O.3461 Date of Issue: 21/7/1977

July 21, 1977 271 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 Pondicherry Police Superannuation Scheme, Pondicherry, for the purpose of the said section for and from the assessment year 1976-77.

Notification: S.O.3334 Date of Issue: 21/7/1977

July 21, 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 Student Christian Movement of India, Bangalore, for the purpose of the said section for and from the assessment year(s) 1976-77.

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