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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


Income Tax Crackdown on Dubious Political Donations: What Donors Must Know

Income Tax : IT Dept scrutinizes political donations ₹5L+ for tax fraud. Learn about Section 80GGC/80GGB, penalties, and steps to ensure comp...

March 9, 2025 729 Views 0 comment Print

Tax Evasion in India: A Deep-Rooted Problem & Path to a Fairer System

Income Tax : Why does tax evasion still thrive despite all the efforts to stop it? And more importantly, what can be done to fix it? This blog ...

March 9, 2025 105 Views 0 comment Print

Metaverse and Taxation: How Virtual Transactions Should Be Taxed in India

Income Tax : Through tax laws on Virtual Digital Assets (VDAs) like cryptocurrencies and Non-Fungible Tokens (NFTs), India has initiated the pr...

March 9, 2025 120 Views 0 comment Print

Historical Evolution of Tax Laws: Key Developments

Income Tax : Explore evolution of tax laws from ancient times to the modern era, highlighting key changes, global trends, and challenges shapin...

March 9, 2025 123 Views 0 comment Print

Don’t Rush! Read This Before Responding to IT Department’s Notice on Political Contributions!

Income Tax : Received an IT notice on political donations? Understand why, what to do, and avoid penalties. Expert advice to respond effective...

March 9, 2025 1077 Views 0 comment Print


Latest News


Updated List of 30 Banks For Income Tax Payments on e-Filing Portal

Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...

March 7, 2025 40491 Views 4 comments Print

Advance Tax Installments/Payments of taxes

Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...

March 5, 2025 5661 Views 0 comment Print

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 10533 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 11745 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 20262 Views 3 comments Print


Latest Judiciary


Tax Dept cannot take a Different View in subsequent years without providing valid reasons

Income Tax : ITAT Pune remands the appeal of Mula Parisar Serva Seva Sangh regarding TDS refund claim for 2018-19, citing past precedents....

March 9, 2025 12 Views 0 comment Print

ITAT Chennai Sets Aside Section 80G Registration Rejection, Cites Short Notice

Income Tax : ITAT Chennai sets aside CIT(E)’s rejection of 80G registration for SKNNSM Society, citing inadequate time for response. Case sen...

March 9, 2025 18 Views 0 comment Print

ITAT Mumbai directs Assessment of Factory Premises Rental Income under Section 57

Income Tax : ITAT directed AO to verify Factory Premises rental income and compute taxability under section 57, allowing proportionate expense...

March 9, 2025 15 Views 0 comment Print

Delhi HC Urges Speedy Disposal of 5.49 Lakh Pending Appeals at NFAC

Income Tax : Delhi High Court directs NFAC to expedite pending appeals, expressing concern over prolonged delays in taxpayer cases, including a...

March 9, 2025 15 Views 0 comment Print

Section 56(2)(viib) Inapplicable to Holding-Subsidiary Share Issuance: ITAT Delhi

Income Tax : Delhi ITAT rules Section 56(2)(viib) of the IT Act does not apply to transactions between holding and subsidiary companies, quashi...

March 9, 2025 24 Views 0 comment Print


Latest Notifications


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 405 Views 0 comment Print

High-Risk CRIU/VRU Cases and proceedings under Sections 148/148A

Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...

March 7, 2025 366 Views 0 comment Print

Assessment & Investigation of Benami, Foreign Assets & TDS Cases

Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...

March 7, 2025 243 Views 0 comment Print

Income Tax Department identifies High-Risk Non-Filers for AY 2019-22

Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...

March 7, 2025 8097 Views 0 comment Print

Section 10(46) Tax Exemption for Delhi Construction Workers Welfare Board

Income Tax : Delhi Building and Other Construction Workers Welfare Board receives tax exemption on cess, fees, and interest income under Sectio...

March 7, 2025 132 Views 0 comment Print


Notification No. S.O. 3660, Date of Issue: 13.10.1964

October 13, 1964 355 Views 0 comment Print

Notification: S.O.3660 This notification contains Amendment to Income-tax Rules carried out on 13-10-1964 not reproduced here as it is already contained in the body of the Rules itself.

Notification No. S.O. 3673, Date of Issue: 05.10.1964

October 5, 1964 313 Views 0 comment Print

Notification: S.O.3673 Central Government hereby accords approval to the Banque Francaise du Commerce Exterieur, Paris, for the purposes of exemption from tax on the interst payable by any industrial undertaking in India on moneys borrowed by it under a loan agreement entered into with the said foreign financial institution

Notification No. S.O. 2817 Date of Issue: 14.08.1964

August 14, 1964 385 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 104 of the Income-tax Act, 1961 (43 of 1961), the Central Government, being of opinion that it is necessary and

Notification No. S.O. 2772, Date of Issue: 01.08.1964

August 1, 1964 352 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been by the Council of Scientific and Industrial Research, the ‘prescribed authority’ for the purposes of clause

Notification No. S.O. 2663, Date of Issue: 29.07.1964

July 29, 1964 418 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section 5 of section 2 of the Finance Act, 1964 (5 of 1964), the Central Board of Direct Taxes hereby makes the following rules, namely :—

Notification No. S.O. 2681, Date of Issue: 27.07.1964

July 27, 1964 426 Views 0 comment Print

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

Notification No. S.O. 2567, Date of Issue: 27.07.1964

July 27, 1964 349 Views 0 comment Print

Notification: S.O.2567 This notification contains amendments to Income-tax Rules carried out on 27th July, 1964 not reproduced here as it is already contained in the body of the rules itself.

Notification No. S.O. 2575, Date of Issue: 18.07.1964

July 18, 1964 481 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 Shri Devarajaswamy

Notification No. S.O. 2573, Date of Issue: 18.07.1964

July 18, 1964 295 Views 0 comment Print

Notification: S.O.2573 It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial research, the prescribed authority

Notification No. S.O. 2574, Date of Issue: 18.07.1964

July 18, 1964 421 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial research, the ” prescribed authority “, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-Tax Act, 1961, (43 of 1961).

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