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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


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 1260 Views 0 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 828 Views 0 comment Print

Taxation of Minor’s Income Under Income Tax Act

Income Tax : Income of minors is clubbed with parents' income unless earned through personal skill or manual work. Tax planning strategies can ...

March 23, 2025 318 Views 0 comment Print

Mistakes to Avoid While Paying TDS on Rent for FY 2024-25

Income Tax : Understand the revised 2% TDS rate on rent from Oct 1, 2024. Learn the correct rate, avoid overpayments, and claim refunds for exc...

March 21, 2025 2535 Views 3 comments Print

Bombay HC Cracks Down on Tax Evasion Scheme in Buniyad Chemicals Case

Income Tax : Bombay High Court rules on tax evasion by Buniyad Chemicals, addressing unexplained credits, money laundering, and regulatory acti...

March 20, 2025 4329 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 777 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 417 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 681 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 1119 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 129 Views 0 comment Print


Latest Judiciary


Income Tax Penalty Not Automatic even if Assessee not contested Additions: Bombay HC

Income Tax : Bombay High Court remands Hicons Developers case to tribunal, citing breach of natural justice. Payment required for rehearing....

March 24, 2025 90 Views 0 comment Print

Supreme Court: Bhandari Tax Case – Appeal Time Extended

Income Tax : Supreme Court permits Sanjay Bhandari to present all arguments in tax case. Appeal timeframe extended, limitation waived....

March 24, 2025 42 Views 0 comment Print

ITAT Chandigarh deletes Section 153A Additions Due to Lack of Incriminating Material  

Income Tax : ITAT Chandigarh upholds CIT(A) order, deleting additions under Section 153A, citing absence of incriminating material found during...

March 24, 2025 111 Views 0 comment Print

Property Valuation Dispute: ITAT Pune Remands Case to CIT(A) for Fresh Adjudication

Income Tax : ITAT Pune remands Bandgar vs. ITO case for fresh adjudication on property valuation and income tax additions under sections 56(2)(...

March 24, 2025 69 Views 0 comment Print

AO cannot disallow tanker expenses on ad-hoc basis without justification: ITAT Raipur

Income Tax : A similar claim for deduction as was raised by assessee-firm in the preceding year had been allowed by the department, but also th...

March 24, 2025 375 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 735 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 135 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 5286 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 1155 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 768 Views 0 comment Print


Notification: S.O.5348 Date of Issue: 9/10/1975

September 9, 1975 196 Views 0 comment Print

Notification: S.O.5348 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, the prescribed authority f

Notification: S.O.4788 Date of Issue: 9/9/1975

September 9, 1975 274 Views 0 comment Print

Notification: S.O.4788 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

Notification: S.O.4673 Date of Issue: 9/9/1975

September 9, 1975 316 Views 0 comment Print

Notification: S.O.4673 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

Notification: S.O.4672 Date of Issue: 9/9/1975

September 9, 1975 349 Views 0 comment Print

Notification: S.O.4672 In continuation of Notification No. 397 (F. No. 203/41/72-ITA-II) dated 30-6-1973, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

Notification: S.O.4259 Date of Issue: 23/8/1975

August 23, 1975 220 Views 0 comment Print

Notification: S.O.4259 In exercise of the powers conferred by sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies, for t

Notification: S.O.4470 Date of Issue: 22/8/1975

August 22, 1975 280 Views 0 comment Print

Notification: S.O.4470 From 1-4-1975 to 27-7-1978. Aspee Agricultural Research and Development Foundation Pvt. Ltd., Bombay. From 28-7-1975 to 31-3-1978.

Notification: S.O.4386 Date of Issue: 22/8/1975

August 22, 1975 211 Views 0 comment Print

Notification: S.O.4386 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, the prescribed authority

Circular No. 176-Income Tax dated 16-8-1975

August 16, 1975 559 Views 0 comment Print

Circular : No. 176-Income Tax Attention is invited to paragraph 1 of Circular No. 161, dated 22-3-1975 [Clarification 1] enclosing an extract of Sub-Paragraph I of Paragraph A of Part III of the First Schedule to the Finance Bill, 1975 giving the rates for deduction of income-tax from salaries during the financial year 1975-76.

Notification: S.O.4399 Date of Issue: 14/8/1975

August 14, 1975 373 Views 0 comment Print

Notification: S.O.4399 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 amends its Notification No. 670 dated 6-7-1974 as follows :—

Notification: 4749 Date of Issue: 13/8/1975

August 13, 1975 294 Views 0 comment Print

Notification: 4749 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961, (43 of 1961), the Cetral Government hereby notifies St. John’s Church, 2/1, Council House Street, Calcutta, to be a place of public worship of renown throughout the State of West Bengal for the purposes of the said section.

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