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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


Budget 2025: New Income Tax Slabs up to ₹12 Lakh Tax-Free

Income Tax : Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old...

July 27, 2025 5022 Views 0 comment Print

CBDT Waives Interest on TDS/TCS Tech Defaults due to Technical Glitches

Income Tax : The CBDT has introduced a new mechanism through Circulars 5/2025 and 8/2025 to waive interest on delayed TDS/TCS payments caused b...

July 26, 2025 3060 Views 0 comment Print

Taxation of SWP, IDCW & Growth Fund Redemption & Tax Savings Opportunities

Income Tax : Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth Funds...

July 26, 2025 285 Views 0 comment Print

Section 12AB / 80G applications: Mind the sub-clauses & section codes

Income Tax : Avoid rejection of 12AB / 80G applications. Understand relevant sub-clauses, registration types, and recent amendments for Income ...

July 26, 2025 2580 Views 0 comment Print

Income Tax Refund Scam – Cyber Frauds Targeting Taxpayers

Income Tax : Learn about active income tax refund scams, how to identify fake emails, and essential steps to protect your financial information...

July 26, 2025 11988 Views 0 comment Print


Latest News


Suggestions for Streamlining Renewal Process under Section 12AB & 80G

Income Tax : Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing f...

July 24, 2025 4902 Views 0 comment Print

Income-Tax Bill 2025: Tax Audit Restricted to Chartered Accountants – Accountant Definition Unchanged

Income Tax : Income-Tax Bill 2025: The Select Committee debated expanding the "accountant" definition. The Ministry of Finance upholds the Char...

July 22, 2025 32328 Views 1 comment Print

Download Report of Select Committee on Income-Tax Bill, 2025

Income Tax : India's New Income-Tax Bill 2025: Introduced to simplify the nation's direct tax laws, this bill aims to reduce complexity, enhanc...

July 22, 2025 1149 Views 0 comment Print

Government Reports VDA Tax Collection and Compliance

Income Tax : India's Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion c...

July 21, 2025 273 Views 0 comment Print

CBI Arrests Income Tax Officials in Patna for Bribe

Income Tax : Three Income Tax Department officials, including an Assistant Director, were arrested by the CBI in Patna for accepting a Rs. 2 la...

July 19, 2025 801 Views 0 comment Print


Latest Judiciary


Hyatt international has PE in India hence income attributable is taxable in India

Income Tax : Supreme Court held that Hyatt International has a fixed place Permanent Establishment in India within the meaning of Article 5(1) ...

July 28, 2025 264 Views 0 comment Print

Surplus funds of charitable institution can be used only for charitable activity

Income Tax : ITAT Chandigarh held that surplus funds of a charitable institution are being held in a fiduciary capacity hence can never be used...

July 28, 2025 132 Views 0 comment Print

Penalty u/s. 270A(9)(a) cannot be sustained as specific instance of misreporting not stated

Income Tax : ITAT Delhi held that imposition of penalty u/s. 270A(9)(a) of the Income Tax Act without mentioning the specific instance of misre...

July 28, 2025 276 Views 0 comment Print

Delay Miscalculated, NFAC Must Rehear Appeal on Grants, Interest Income

Income Tax : ITAT Ahmedabad holds NFAC wrongfully dismissed appeal on delay; remands case involving ₹213 Cr additions on grants and accrued i...

July 28, 2025 117 Views 0 comment Print

Taxability of service receipt in terms of India-Thailand DTAA needs fresh consideration: ITAT Delhi

Income Tax : ITAT Delhi held that taxability of service receipt amounts in terms of India- Thailand DTAA needs fresh consideration since releva...

July 28, 2025 120 Views 0 comment Print


Latest Notifications


CBDT approves IQRAA International Hospital and Research Centre for scientific research exemption

Income Tax : CBDT approves IQRAA International Hospital And Research Centre for scientific research exemption from AY 2026-27 to AY 2030-31 vid...

July 25, 2025 57 Views 0 comment Print

CBDT Approves Gitarthganga for Social Science or Statistical Research Tax Deduction

Income Tax : CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27...

July 25, 2025 54 Views 0 comment Print

Puducherry Construction Workers Welfare Board Income Tax Exemption

Income Tax : The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for specifi...

July 23, 2025 102 Views 0 comment Print

AP Construction Workers Board Gets Income Tax Exemption

Income Tax : Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income, including cess ...

July 23, 2025 87 Views 0 comment Print

Moradabad Development Authority Gets Income Tax Exemption

Income Tax : The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25, under ...

July 23, 2025 75 Views 0 comment Print


TDS on Purchase of Property: Section 194IA of Income Tax Act, 1961

June 21, 2024 35034 Views 0 comment Print

Learn about TDS on property purchase under Section 194IA of the Income Tax Act, 1961. Get insights on requirements, payment process, and penalties involved.

ITAT Directs 6% SBI Rate on Delayed Payments in International Transactions

June 21, 2024 504 Views 0 comment Print

Explore the ITAT Hyderabad’s decision on interest as an international transaction in Clinasia Labs Pvt Ltd vs ITO case. Detailed analysis and conclusions provided.

ITAT allows section 80P(2)(d) deduction for interest income earned from cooperative banks

June 21, 2024 489 Views 0 comment Print

Discover the key rulings in the ITAT Bangalore’s judgment on Totgars’ Co-operative Sale Society Ltd. vs ACIT for the assessment years 2015-2018, focusing on section 80P(2)(d) deductions.

Section 801B(10): Deduction for Housing Projects Not Tied to Separate Approvals for Eligible Units

June 21, 2024 1116 Views 0 comment Print

Detailed analysis of Shipra Estate Ltd. & Jai Krishan Estate Developers Pvt. Ltd. vs ACIT case by ITAT Delhi on eligibility for deduction under section 80IB(10) of the Income Tax Act, focusing on the project completion method and built-up area criteria.

Madras HC dismisses Writ against Income Tax Director & Mining Firm

June 21, 2024 486 Views 0 comment Print

Read the detailed judgment of Madras High Court dismissing a writ petition due to lack of locus standi and incomplete parties, involving Income Tax Director and S. R. S. Mining.

Kerala HC Directs ITAT to Expedite Delay Condonation Case

June 21, 2024 576 Views 0 comment Print

Kerala HC directs ITAT to expedite delay condonation application of Paravur Service Co-Operative Bank Ltd., ensuring fair consideration of statutory rights.

Failure to Rely on Binding Decisions Constitutes an Apparent Error: Kerala HC

June 20, 2024 1062 Views 0 comment Print

Kerala High Court directs reconsideration of rectification petition in Koluthara Exports Ltd. vs. Union of India case regarding service tax dispute. Full text of the judgment provided.

What is the last date to file ITR for A.Y.2024-25

June 20, 2024 9270 Views 0 comment Print

File your Income Tax Return by July 31, 2024, to avoid late fees and penalties. Learn the important dates, steps, and consequences of missing the ITR filing deadline.

Name of concerned AO can’t be reflected in notice issued u/s 148 in faceless manner: HC

June 20, 2024 1704 Views 0 comment Print

Gauhati High Court rules that AO names cannot be reflected in notices issued under Section 148 in a faceless manner, reaffirming procedures under Section 151A.

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

June 20, 2024 3747 Views 0 comment Print

Explore the Malad Chamber of Tax Consultants’ 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961, aimed at reducing litigation and boosting the economy.

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