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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


Section 194J TDS on Professional or Technical Fees

Income Tax : Section 194J of the Income Tax Act mandates Tax Deducted at Source (TDS) by certain payers on payments made to residents for profe...

May 16, 2025 1444395 Views 13 comments Print

NRI Taxation and Benefits of Filing Tax Return in India

Income Tax : Debunking the NRI tax myth from April 2025. Learn the real India filing requirements for NRIs & the key benefits: refund claims, a...

May 15, 2025 870 Views 0 comment Print

TDS/TCS, Invoicing, Due Dates, Interest, Late Fee and Penalties

Income Tax : Learn about TDS/TCS concepts, invoicing rules, due dates, interest, and late fees. Includes examples and simplified guidance for c...

May 11, 2025 3072 Views 0 comment Print

Optimizing Family Wealth: A Tax Impact Analysis of HUF Structure

Income Tax : Analyze the tax implications of the HUF structure in India, covering its formation, membership, rights, and financial management a...

May 11, 2025 3534 Views 0 comment Print

Corporate Social Responsibility: Taxation Aspects & Applicability of TDS

Income Tax : This article discusses whether TDS applies to CSR Expenses, under which sections and how Companies can stay compliant....

May 11, 2025 1191 Views 2 comments Print


Latest News


DPIIT Approves 187 Startups for Income Tax Relief

Income Tax : DPIIT approves 187 startups for income tax exemption under Section 80-IAC. Eligibility extended for startups incorporated till Apr...

May 16, 2025 93 Views 0 comment Print

Key Points to Claim Refunds in Your Income Tax Return

Income Tax : Income Tax Department warns against wrongful refund claims in ITRs. Explains consequences like penalties, scrutiny, prosecution, a...

May 12, 2025 3633 Views 1 comment Print

CBI Searches in IRS Officer Disproportionate Assets Case

Income Tax : CBI conducts searches at 11 locations in Jaipur, Ahmedabad, Gandhinagar in a disproportionate assets case against an IRS officer a...

May 12, 2025 426 Views 0 comment Print

Request for Timely Release of ITR Forms for AY 2025-26 and Updated Returns

Income Tax : Karnataka State Chartered Accountants Association raises concern over delayed release of ITR forms for AY 2025-26, pressing CBDT f...

May 2, 2025 8913 Views 2 comments Print

CBDT notifies Revised ITR 1 & ITR 4 for AY 2025-26: Key amendments

Income Tax : CBDT revises ITR Forms 1 & 4 for AY 2025-26, expanding eligibility criteria, adding disclosure requirements and simplifying compli...

May 1, 2025 2301 Views 2 comments Print


Latest Judiciary


Notice issued u/s. 143(2) without specifying type of scrutiny is invalid: ITAT Kolkata

Income Tax : ITAT Kolkata held that notice issued u/s. 143(2) of the Income Tax Act without specifying whether it is limited or complete of com...

May 16, 2025 252 Views 0 comment Print

Section 10AA benefit not admissible when fixed deposits are not made for business exigencies

Income Tax : During the course of assessement proceedings, AO noted that the assessee has earned interest income on fixed deposits made with ba...

May 16, 2025 60 Views 0 comment Print

Addition u/s. 68 without considering revised gross receipts not sustainable

Income Tax : ITAT Mumbai held that the cash deposited is out of the gross receipts and that once gross receipts are disputed then no addition i...

May 16, 2025 117 Views 0 comment Print

PCIT’s Revision Without Quantifying Revenue Loss Unjustified: ITAT Mumbai

Income Tax : ITAT Mumbai sets aside PCIT's order under Section 263, finding the assessment view was plausible and PCIT invoked power without qu...

May 16, 2025 414 Views 0 comment Print

Transactions of shares shown as stock-in-trade cannot be treated as unexplained cash credit

Income Tax : ITAT Kolkata held that the transaction cannot be treated as unexplained cash credit under section 68 of the Income Tax Act since t...

May 15, 2025 180 Views 0 comment Print


Latest Notifications


CBDT Specifies IRFC Ten Year Zero Coupon Bond

Income Tax : CBDT specifies Indian Railway Finance Corporation Ltd.'s Ten Year Zero Coupon Bond under Income-tax Act Section 2(48), detailing f...

May 15, 2025 444 Views 0 comment Print

CBDT notifies Income Tax Exemption for Telangana Pollution Board

Income Tax : CBDT grants tax exemption to Telangana Pollution Board for specific incomes from FY 2021-22 to 2025-26, with conditions on activit...

May 14, 2025 93 Views 0 comment Print

CBDT Notifies New ITR-7 Form from April 1, 2025 for AY 2025-26

Income Tax : CBDT issues Income-tax (18th Amendment) Rules, 2025, substituting Form ITR-7. New form effective from April 1, 2025, under section...

May 10, 2025 840 Views 0 comment Print

CBDT revises ITR-V and Acknowledgement forms for AY 2025-26

Income Tax : CBDT revises ITR-V and Acknowledgement forms for AY 2025-26, effective April 1, 2025, with updated verification and filing instruc...

May 8, 2025 675 Views 0 comment Print

CBDT notifies ITR-Form 6 for AY 2025-26

Income Tax : CBDT Notification 44/2025 amends Income-tax Rules 1962, substituting FORM ITR-6 in Appendix II, effective from April 1, 2025....

May 7, 2025 5082 Views 0 comment Print


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

July 22, 1967 318 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 346 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

Notification: S.O.2571 Date of Issue: 20/7/1967

July 20, 1967 454 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 undermentioned temples to be places of

Notification No. S.O. 2382 Date of Issue: 15/7/1967

July 15, 1967 610 Views 0 comment Print

Notification: S.O.2382 In exercise of the powers conferred by section 2 of the Finance Act, 1967 (12 of 1967), read with clause (d) of sub-section (5) of section 2 of the Finance Act, 1966 (13 of 1966), the Central Board of Direct Taxes hereby makes the following rules, namely :—

15/07/1967 Notification: S.O.2570 Date of Issue: 5/7/1967

July 5, 1967 313 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 Narasimhaswami Devasthanam Temple, Namakkal, Salem Distt, Madras State, to be a place of public worship of renown throughout the Madras State for the purpose of the said section

Notification: S.O.2247 Date of Issue: 29/6/1967

June 29, 1967 472 Views 0 comment Print

Notification: S.O.2247 Birla Planetarium and Astronomical Research Centre, Calcutta 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.2249 Date of Issue: 26/6/1967

June 26, 1967 442 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial Nos. 2B and 49 and the entries thereagainst from the Schedule annexed to its Notification S.R.O. 1214 (No. 44 Income-tax), dated the 1st July, 1952

Notification No. S.O.2007 Date of Issue: 6/6/1967

June 6, 1967 439 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 ex

Notification No. S.O.1951 Date of Issue: 31/5/1967

May 31, 1967 763 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 598, dated 13th February, 1967, published on pages 447 to 454 in Part II — Section 3 — Sub-section (ii) of the Gazette of India, Extraordinary, dated the 15th February, 1967 —

Notification: S.O.1949 Date of Issue: 29/5/1967

May 29, 1967 490 Views 0 comment Print

Notification: S.O.1949 This notification contains amendments to Income-tax Rules carried out on 29th May, 1967 not reproduced here as it is already contained in the body of the rules itself

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