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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


Lok Sabha’s Amendments in Finance Bill 2025: Analysis

Income Tax : In this article author analyses main changes made in Finance Bill 2025 as passed by Lok Sabha, along with it’s analysis....

March 30, 2025 66 Views 0 comment Print

Amendment to Form 3CD wef 1st April 2025 – Key Highlights

Income Tax : Discover the highlights of the Form 3CD amendments effective April 1, 2025, including new clauses for cruise ships and MSMEs....

March 30, 2025 246 Views 0 comment Print

Co-Ownership Doesn’t Always Mean Joint Tax Responsibility

Income Tax : Mumbai ITAT rules co-ownership doesn’t imply tax liability. Sale proceeds taxed only for the beneficial owner, not co-owner in V...

March 30, 2025 105 Views 0 comment Print

Advance Tax: Due Dates & Consequences of Non-Payment

Income Tax : Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B...

March 28, 2025 1428 Views 0 comment Print

Income Tax Notices: What They Mean & How to Handle Them

Income Tax : Receiving an income tax notice can be disconcerting, particularly for individuals who are not well-versed with tax laws and compli...

March 28, 2025 855 Views 0 comment 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 5172 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 165 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 258 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 5496 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 111 Views 0 comment Print


Latest Judiciary


Section 143(2) notice mandatory before proceeding with assessment: Delhi HC

Income Tax : Delhi High Court dismissed the revenue's appeal in PCIT Vs S.G. Portfolio Pvt. Ltd., citing jurisdictional lapses and lack of fres...

March 30, 2025 18 Views 0 comment Print

Section 68 Applicable Only to Credits in Books in Relevant Year: Pune ITAT

Income Tax : ITAT Pune ruled that Section 68 applies only to amounts credited in the relevant year. Addition of ₹10L as unexplained cash cred...

March 30, 2025 93 Views 0 comment Print

Only Profit Element Taxable in Commodity Transactions: ITAT Mumbai

Income Tax : Asha Viren Raj Vs ITO (ITAT Mumbai) The Asha Viren Raj Vs ITO (ITAT Mumbai) case revolves around the contentious issue of reassess...

March 30, 2025 93 Views 0 comment Print

Addition on the basis of retracted statement not sustainable

Income Tax : Gauhati High Court held that addition merely on the basis of retracted statement without any other relied upon evidence/ material ...

March 29, 2025 129 Views 0 comment Print

ITAT Jaipur deletes School Fee Addition; Mere Survey Statement Weak Evidence

Income Tax : ITAT Jaipur quashes addition of suppressed school fees for Pushpa Vidya Niketan, stating survey statements lack evidentiary value...

March 29, 2025 432 Views 0 comment Print


Latest Notifications


Finance Act 2025 assented by President of India on 29.03.2025

Income Tax : On 29 March 2025, the President of India granted assent to the Finance Act 2025, marking a significant milestone in the country’...

March 30, 2025 1521 Views 0 comment Print

Section 10(46) Income Tax Exemption for Karnataka Urban Water Board Notified

Income Tax : The Karnataka Urban Water Supply & Drainage Board receives tax exemption for specified income from FY 2023-24 to 2027-28 under Sec...

March 29, 2025 132 Views 0 comment Print

CBDT Amends Form 3CD: Adds Section 44BBC, Removes 32AC, 32AD, 35AC & 35CCB

Income Tax : CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/de...

March 29, 2025 4962 Views 0 comment Print

Small Savings Schemes Interest Rates for April to June 2025

Income Tax : The Government of India keeps Small Savings Schemes interest rates unchanged for Q1 FY 2025-26 (April–June 2025), as per the Min...

March 29, 2025 1890 Views 0 comment Print

TDS/TCS Interest Waiver: CBDT Relaxes Rules

Income Tax : CBDT circular allows waiver of TDS/TCS interest under sections 201(1A)/206C(7) due to technical errors. Details on eligibility and...

March 29, 2025 2136 Views 0 comment Print


Notification: S.O.420(E) Date of Issue: 19/6/1976

June 19, 1976 294 Views 0 comment Print

Notification: S.O.420(E) This notification contains amendment to Income-tax (Fifth Amendment) Rules, 1976 carried out on June 19, 1976 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.2825 Date of Issue: 17/6/1976

June 17, 1976 295 Views 0 comment Print

Notification: S.O.2825 ) That the said society 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

Notification: S.O.2356 Date of Issue: 10/6/1976

June 10, 1976 445 Views 0 comment Print

Notification: S.O.2356 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 the Mulbagal Sri Anjaneyaswa

Notification: S.O.3032 Date of Issue: 9/6/1976

June 9, 1976 346 Views 0 comment Print

Notification: S.O.3032 Indian Register of Shipping, Bombay. This notification is

Notification: S.O.2823 Date of Issue: 5/6/1976

June 5, 1976 313 Views 0 comment Print

Notification: S.O.2823 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 foll

Notification: S.O.2822 Date of Issue: 5/6/1976

June 5, 1976 232 Views 0 comment Print

Notification: S.O.2822 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. The Institute will submit ann

Notification: S.O.2882 Date of Issue: 5/6/1976

June 5, 1976 325 Views 0 comment Print

Notification: S.O.2882 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

Notification: S.O.2824 Date of Issue: 5/6/1976

June 5, 1976 304 Views 0 comment Print

Notification: S.O.2824 ) The College will furnish the annual return of their scientific research activities to the prescribed authority for every financial year, by 30th April, each year. Institution

Notification: S.O.2747 Date of Issue: 3/6/1976

June 3, 1976 250 Views 0 comment Print

Notification: S.O.2747 The college shall furnish annual returns of their scientific research activities to the prescribed authority for every financial year by 30th April each year.

Notification: S.O.2215 Date of Issue: 1/6/1976

June 1, 1976 250 Views 0 comment Print

Notification: S.O.2215 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

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