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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


TDS Rate Chart For F.Y. 2025-26

Income Tax : Check the TDS chart for FY 2025-26, covering various payments like salary, dividends, winnings, rent, and more. Understand the app...

April 10, 2025 1830 Views 0 comment Print

Common Mistakes to Avoid During Online Section 12A Registration

Income Tax : Learn common errors in the Online 12A Registration Process and how NGOs can avoid delays or rejections when applying for tax exemp...

April 10, 2025 150 Views 0 comment Print

Advance Tax Payment Process and Due Dates

Income Tax : Learn about advance tax, eligibility, due dates, and payment process to avoid penalties under the Income Tax Act....

April 10, 2025 489 Views 0 comment Print

Legal Loopholes, Gray Areas & Creative Deception in Income Tax Act, 1961

Income Tax : The scope of this analysis encompasses a detailed exploration of these three concepts within the Indian income tax framework, draw...

April 10, 2025 288 Views 0 comment Print

Breakeven Tax Analysis: Old vs New Tax Regime FY 2024-25

Income Tax : Compare the breakeven tax liabilities between the old and new tax regimes for FY 2024-25 and understand when each regime is more f...

April 9, 2025 4179 Views 0 comment Print


Latest News


ITAT enables e-filing and virtual hearings

Income Tax : ITAT enables e-filing and virtual hearings; over 26,000 e-filings and 1.22 lakh video hearings conducted till Feb 2025, per Minist...

April 5, 2025 2142 Views 1 comment Print

Exemption From Income Tax on Annual Income Up To ₹12 Lakh

Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...

April 3, 2025 1512 Views 0 comment Print

Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 210 Views 0 comment Print

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 5862 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 252 Views 0 comment Print


Latest Judiciary


ITO doesn’t have jurisdiction to issue notice to an NRI: ITAT Chandigarh

Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...

April 11, 2025 27 Views 0 comment Print

Order passed by CIT(A) without considering adjournment request not tenable: ITAT Raipur

Income Tax : ITAT Raipur held that passing of order by CIT(A) without considering adjournment request of the assessee is not justifiable in law...

April 11, 2025 21 Views 0 comment Print

Tax Consultant Change: ITAT Accepts Late Appeal

Income Tax : ITAT Pune condones delay, remands Sujit Taware's assessment to AO for fresh adjudication on cash deposit and property purchase....

April 11, 2025 33 Views 0 comment Print

Earning nominal profit not leads to denial of Section 11 exemption: ITAT Mumbai

Income Tax : ITAT Mumbai rules earning nominal profit by a Sec 12A registered trust with general public utility objects doesn't violate Sec 2(1...

April 11, 2025 24 Views 0 comment Print

Erroneous Assessment Ignoring SC Judgment Cannot Be Trivialized: Kerala HC

Income Tax : Kerala HC sets aside IT assessment order against co-op bank for disallowing 80P deduction, citing disregard of binding Supreme Cou...

April 11, 2025 63 Views 0 comment Print


Latest Notifications


CBDT notifies ITR-B for Income Tax Block Search Assessment Return

Income Tax : CBDT introduces ITR-B for search and seizure cases under section 158BC of the Income Tax Act, effective from 1st September 2024....

April 9, 2025 2370 Views 0 comment Print

CBDT Sets 30th April 2025 as Deadline for Vivad Se Vishwas Declarations

Income Tax : CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024....

April 9, 2025 1695 Views 0 comment Print

HUDCO Bonds Notified as Long-Term Assets for Section 54EC

Income Tax : HUDCO bonds issued after April 1, 2025, notified as long-term assets under Section 54EC for capital gains exemption, usable for in...

April 9, 2025 4152 Views 0 comment Print

CBDT notifies Income Tax Exemption for Prayagraj Mela Pradhikaran

Income Tax : CBDT grants tax exemption to Prayagraj Mela Pradhikaran under section 10(46A) of the Income-tax Act, effective from assessment yea...

April 8, 2025 129 Views 0 comment Print

CBDT notifies Income Tax Exemption for Greater Mohali Authority

Income Tax : CBDT notifies Greater Mohali Area Development Authority for income tax exemption under section 10(46A), effective from assessment ...

April 8, 2025 105 Views 0 comment Print


Circular No. 5-P-Income Tax dated 9-10-1967

October 9, 1967 2421 Views 0 comment Print

Circular No. 5-P-Income Tax Under the Finance (No. 2) Act, 1967, the rates of income-tax in respect of the assessment year 1967-68 in the case of all categories of assessees (corporate as well as non-corporate) are the same as under the Finance Act, 1966, subject to two modifications. The main modification pertains to the rebates of income-tax available to assessees

Notification: S.O.3496 Date of Issue: 29/9/1967

September 29, 1967 355 Views 0 comment Print

In exercise of the powers conferred by rule 4 of the Income-tax (Certificate Proceedings) Rules, 1962, the Central Government hereby appoints the Commisioner of Income-tax, Andhra Pradesh, Hyderabad, to be a Tax Recovery Commissioner.

Notification: S.O.3482 Date of Issue: 23/9/1967

September 23, 1967 459 Views 0 comment Print

Notification: S.O.3482 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Maharashtra Co-operative Housing Finance Society Limited, Bombay, for the purposes of the said sub-clause

Notification: S.O.3419 Date of Issue: 22/9/1967

September 22, 1967 436 Views 0 comment Print

In pursuance of clause (d) of section 280Y of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares the areas shown in column (3) of the Schedule hereto annexed and forming part of the territory of the State or the Union territory, as the case may be, specified in the corresponding entry in column (2) thereof

Notification No. S.O.3408 Date of Issue: 18/9/1967

September 18, 1967 763 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (4) of section 2 of the Finance (No. 2) Act, 1967 (20 of 1967), and in supersession of the Income-tax (Determination of

Notification: S.O.3218 Date of Issue: 6/9/1967

September 6, 1967 454 Views 0 comment Print

Notification: S.O.3218 This notification contains amendments to Income-tax Rules carried out on 6th September, 1967 not reproduced here as it is already contained in the body of the rules itself.

Notification: S.O.3200 Date of Issue: 4/9/1967

September 4, 1967 376 Views 0 comment Print

In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby notifies — (i) the Industrial Credit and Investment Corporation of India Limited, Bombay, and

Notification: S.O.2574 Date of Issue: 25/7/1967

July 25, 1967 334 Views 0 comment Print

Notification: S.O.2574 In exercise of the powers conferred by rule 4 of the Income-tax (Certificate Proceedings) Rules, 1962, the Central Government hereby appoints the Commissioner of Income-tax, Rajasthan, Jaipur, as a Tax Recovery Commissioner.

Notification: S.O.2460 Date of Issue: 22/7/1967

July 22, 1967 315 Views 0 comment Print

Notification: S.O.2460 This notification contains amendments to Income-tax Rules carried out on 22nd July, 1967 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O.2752 Date of Issue: 20/7/1967

July 20, 1967 343 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 Sri Dharmasamvardhinisametha Sri Kailasanathaswami Temple, Kambarasanpettai, Tiruchirapalli, Madras State, to be a place of public worship of renown throughout the Madras

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