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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


Finance Act 2025 vs. 2024: Key Amendments Compared

Income Tax : Explore the major amendments in Finance Act, 2025 compared to 2024, covering Income-tax Act changes, compliance updates, tax refor...

March 31, 2025 273 Views 0 comment Print

Comparison: Income-tax Bill 2025 vs Finance Act 2025

Income Tax : A structured comparison of the Income-tax Bill 2025 and Finance Act 2025, covering key provisions, objectives, and changes in tax ...

March 31, 2025 174 Views 0 comment Print

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 1029 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 2676 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 600 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 5307 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 180 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 279 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 5598 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 129 Views 0 comment Print


Latest Judiciary


ITAT Mumbai Voids Section 263 Order Against Narayan Rane

Income Tax : ITAT Mumbai quashes Sec 263 revision in Narayan Rane's case. Holds AO took plausible view, order not erroneous & prejudicial despi...

March 31, 2025 18 Views 0 comment Print

Bombay HC Quashes Section 263 Revision as AO Conducted Due Inquiry

Income Tax : Bombay High Court dismisses revenue appeal, upholds ITAT ruling on assessment of CD marketing rights expenditure....

March 31, 2025 15 Views 0 comment Print

Delhi HC: Ashish Agarwal Ruling Won’t Reopen Old Cases

Income Tax : Delhi High Court clarifies in Anindita Sengupta case that SC's Ashish Agarwal judgment doesn't mandate reopening concluded income...

March 31, 2025 18 Views 0 comment Print

Analysis of existence of international transaction must before benchmarking AMP expense

Income Tax : Delhi High Court held that before undertaking a benchmarking of Advertisement, Marketing and Promotion [AMP expenses], it was incu...

March 31, 2025 12 Views 0 comment Print

Gujarat HC Imposes Cost for High-Pitched Assessment Order Contrary to facts

Income Tax : Gujarat High Court quashes Punjab National Bank's tax assessment, citing non-application of mind and imposes an exemplary cost of ...

March 31, 2025 252 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 3405 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 183 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 7272 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 10725 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 6540 Views 0 comment Print


Notification: 835 Date of Issue: 6/2/1975

February 6, 1975 307 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 Sri Madhurakali Amman Temple, Siruvachur, Perambalur Taluk, Trichy District, Madras, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification: S.O.928 Date of Issue: 6/2/1975

February 6, 1975 247 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 Thirumoozhikulam Shree Lakshmana Perumal Temple, Ankamali, Kerala, to be a place of public worship of renown throghout the State of Kerala for the purposes of the said section.

Notification: 833 Date of Issue: 6/2/1975

February 6, 1975 328 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 Sri Kalyana Venkateswara Perumal Temple, Illupur, Kulathur Taluk, Pudukottai District, Madras, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification: 830 Date of Issue: 4/2/1975

February 4, 1975 223 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 Sri Vyagarapuraswarar Temple, Thiruppulivanam, Chingleput District, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification: 822 Date of Issue: 22/1/1975

January 22, 1975 316 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 Sri Eachanari Vinayagar Temple (Koil), Coimbatore District, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification: 819 Date of Issue: 15/1/1975

January 15, 1975 415 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 Sri Masilamaniswarar Temple, Vada Thirumullaivayal, Saidapet Taluk, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Notification: S.O.804 Date of Issue: 13/1/1975

January 13, 1975 382 Views 0 comment Print

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, for research purposes only.

Notification: S.O.805 Date of Issue: 13/1/1975

January 13, 1975 292 Views 0 comment Print

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, for research purposes only.

Notification: S.O.25(E) Date of Issue: 10/1/1975

January 10, 1975 313 Views 0 comment Print

Notification: S.O.25(E) In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :–

Notification: S.O.507 Date of Issue: 6/1/1975

January 6, 1975 388 Views 0 comment Print

Notification: S.O.507 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Departmnet of Science and Technology, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This notification is effective from 1st April, 1974, to 31st March, 1977.

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