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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


Faceless Tax Assessment: JAO vs. FAO Jurisdiction – Clash of Authorities or Administrative Reform?

Income Tax : The faceless tax assessment scheme in India faces legal disputes over jurisdiction between JAO and FAO. Learn about key court ruli...

February 22, 2025 177 Views 0 comment Print

Section 87A Controversy Continues Even After Budget 2025

Income Tax : Budget 2025 raised the Section 87A rebate limit to ₹12 lakh but restricted its use on special rate income. Learn about key chang...

February 22, 2025 4194 Views 0 comment Print

TDS Rates Chart for FY 2025-26 (AY 2026-27)

Income Tax : Understand the updated TDS rates for FY 2025-26 (AY 2026-27). Comprehensive chart covering salary, interest, dividends, rent, and ...

February 21, 2025 13257 Views 0 comment Print

Provisions related to Revised Tax Slab in Budget 2025 for Individuals

Income Tax : Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key de...

February 21, 2025 747 Views 0 comment Print

Will Income Tax Bill, 2025 AID Economic Growth Momentum of India?

Income Tax : Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, lit...

February 21, 2025 105 Views 0 comment Print


Latest News


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 5880 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 9462 Views 0 comment Print

ICMAI on Non-inclusion of ‘Cost Accountant’ in Income Tax Bill 2025

Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...

February 17, 2025 19692 Views 3 comments Print

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...

February 15, 2025 1095 Views 0 comment Print

KSCAA Seeks Clarity on Eligibility of Appeals with Delay Condonation under VSVS

Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...

February 15, 2025 156 Views 0 comment Print


Latest Judiciary


ITAT Sets Aside Demonetization Cash Deposit Order against SIM Card Business

Income Tax : ITAT Ahmedabad sets aside assessment order on demonetization cash deposits, citing natural justice violations. Case remanded for f...

February 22, 2025 18 Views 0 comment Print

ITAT Ahmedabad Remands Penalty Appeal for Fresh Adjudication for Lack of Hearing Notice

Income Tax : ITAT Ahmedabad condones delay in appeal and remands case to CIT(A) for fresh adjudication in Lahar Joshi vs. ITO. Fair hearing and...

February 22, 2025 24 Views 0 comment Print

CPC Erred in denying Loss Carry-Forward to Company Eligible for Extended Due Date U/s. 92E: ITAT Ahmedabad

Income Tax : CPC Erred in Denying Loss Carry-Forward by taking wrong due date for company entitled to extended due date under Section 92E of In...

February 22, 2025 57 Views 0 comment Print

ITAT Delhi Allows 80IC Deduction for Form 10CCB Filed Before Section 143(1) Assessment Completion

Income Tax : ITAT Delhi allows 80IC deduction as Form 10CCB was filed before completion of 143(1) proceedings, ruling procedural delay does not...

February 22, 2025 81 Views 0 comment Print

Before 01.04.2014 Agricultural Land Distance to Be Measured by Road: Bombay HC

Income Tax : Bombay HC rules in CIT vs. Nitish Chordia that agricultural land distance must be measured by road, not aerial view, impacting cap...

February 21, 2025 192 Views 0 comment Print


Latest Notifications


All about Income Tax / TDS Deduction from Salaries for FY 2024-25

Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...

February 21, 2025 5949 Views 0 comment Print

CBDT extends Due Date for Filing Form 56F for AY 2024-25

Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...

February 19, 2025 7068 Views 0 comment Print

Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 873 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 139512 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 255 Views 0 comment Print


Notification No. 128/49, Date of Issue: 02.03.1964

March 2, 1964 465 Views 0 comment Print

Notification: 128/49 Commissioner of Income-tax/Gift-tax, Uttar Pradesh, Lucknow, hereby authorises the Income-tax Officers/Gift-tax Officers subordinate to him to recover from an assessee the tax, interest, fine, penalty and any other sum payable under the provisions of the said Acts by the said assessee by distraint and sale of his movable property in the manner laid down in the Third Schedule to the said Income-tax Act, 1961

Notification No. S.O.1448, Date of Issue: 19.02.1964

February 19, 1964 376 Views 0 comment Print

Notification: S.O.1448 Commissioner of Income-tax/Gift-tax, Madhya Pradesh, Nagpur and Bhandara, Nagpur, hereby authorises the Income-tax Officers/Gift-tax Officers subordinate to him to recover from an assessee the tax, interest, fine, penalty and any other sum payable under the provisions of the said Acts by the said assessee by distraint and sale of his movable property in the manner laid down in the Third Schedule to the said Income-tax Act, 1961

Notification No. T-V461(21)/64, Date of Issue: 05.02.1964

February 5, 1964 421 Views 0 comment Print

Notification: T-V461(21)/64 In pursuance of sub-section (5) of section 226, and section 229 of the Income-tax Act, 1961 (43 of 1961), section 33 of the Gift-tax Act, 1958 (18 of 1958), and section 19 of the Super Profits Tax Act, 1963 (14 of 1963), and of all other powers enabling him in this behalf and in supersession of all previous orders in so far as they

Notification No. S.O.511, Date of Issue: 04.02.1964

February 4, 1964 385 Views 0 comment Print

Notification: S.O.511 This notification contains Amendment to Income-tax Rules carried out on 4-2-1964 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.347, Date of Issue: 20.01.1964

January 20, 1964 411 Views 0 comment Print

Notification: S.O.347 Wool Research Association, Bombay – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,

Notification No. S.O.107 Date of Issue: 01.01.1964

January 1, 1964 460 Views 0 comment Print

Notification: S.O.107 Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :—This notification contains Amendment to Income-tax Rules carried out on 1-1-1964 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.3128, Date of Issue: 28.10.1963

October 28, 1963 426 Views 0 comment Print

Notification: S.O.3128 Study Group of Tetanus, K. E. M. Hospital, Bombay 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 (43 of 1961).

Notification No. S.O. 2953, Date of Issue: 09.10.1963

October 9, 1963 531 Views 0 comment Print

Notification: S.O.2953 In pursuance of sub-clause (ii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following Certificates for the purposes of that sub-clause, namely :

Notification No. S.O. 2869, Date of Issue: 05.10.1963

October 5, 1963 355 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Nachiar (Sri Andal) an

Notification No. S.O. 2806, Date of Issue: 17.09.1963

September 17, 1963 370 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Jambukeswarar and Sri Akhilandeswari

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