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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


Assessment & Income Tax Exemption for Universities, Hospitals & Institutions

Income Tax : Learn about income tax exemptions for universities, hospitals, and educational institutions under Section 10 of the Income Tax Act...

March 11, 2025 2190 Views 0 comment Print

Advance Tax Calculation and Payment: A Simple Guide

Income Tax : Learn how to calculate and pay advance tax in India. Understand eligibility, due dates, and online/offline payment methods....

March 11, 2025 4308 Views 0 comment Print

Future of International Taxation: OECD Global Minimum Tax

Income Tax : Learn about income tax exemptions for universities, hospitals, and educational institutions under Section 10 of the Income Tax Act...

March 11, 2025 264 Views 0 comment Print

Evolution of Tax Collection with Electronic Transactions: A Revolution in Taxation

Income Tax : Explore the challenges and solutions in tax collection with the rise of digital payments, cryptocurrencies, and e-commerce in toda...

March 11, 2025 603 Views 0 comment Print

Taxation of YouTube & Instagram Earnings: Rise of Digital Content Creators

Income Tax : Learn how YouTube & Instagram earnings are taxed in India. Understand income tax slabs, TDS, GST rules, deductions, and compliance...

March 10, 2025 1305 Views 0 comment Print


Latest News


Pendency of 5,49,042 Appeals Before CIT(A)/NFAC: Request for Early Disposal

Income Tax : AIFTP urges swift disposal of 5,49,042 income-tax appeals pending with NFAC/CIT(A), some for over 5 years, to alleviate taxpayers'...

March 11, 2025 4719 Views 0 comment Print

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 40605 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 6465 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 10641 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 12024 Views 0 comment Print


Latest Judiciary


Non-mandatory of Govt. Approval for enterprises claiming sec. 80IC deductions in notified special zones

Income Tax : Enterprises claiming deductions under Section 80IC were not required to obtain government approval if they operate in notified spe...

March 12, 2025 33 Views 0 comment Print

Disallowance u/s. 14A not justified as investment made out of interest free funds: ITAT Jaipur

Income Tax : ITAT Jaipur held that the assessee has sufficient amount of interest free fund to make investment yielding exempt income, therefor...

March 12, 2025 45 Views 0 comment Print

Np Penalty u/s 271E of Rs. 57.27 Lakh for violation of sec. 269SS and 269T as there was reasonable cause with assessee

Income Tax : Assessee contended that there was no violation of provisions of sec.269T since the security deposits were obtained through banking...

March 12, 2025 216 Views 0 comment Print

Once repayment is established, Section 68 additions unwarranted: ITAT Jaipur

Income Tax : ITAT Jaipur ruled on addition of ₹1.75 crore as unexplained credit in ITO Vs Kedia Builders. The tribunal highlighted compliance...

March 11, 2025 1683 Views 0 comment Print

Stamp duty value on agreement date relevant for Section 56(2)(vii)(b): ITAT Mumbai

Income Tax : ITAT Mumbai rules in favor of assessee in Poonam Ramesh Sahajwani vs ITO case, applying Section 56(2)(vii)(b) to consider stamp du...

March 11, 2025 2415 Views 0 comment Print


Latest Notifications


CBDT notifies Power Finance Corp Zero Coupon Bond under section 2(48)

Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...

March 11, 2025 489 Views 0 comment Print

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 585 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 552 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 306 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 9555 Views 0 comment Print


Compilation of General Direct Tax Provisions of Finance Bill, 2025

February 3, 2025 2901 Views 0 comment Print

Finance Bill 2025 introduces changes in direct tax provisions, including revised tax slabs, exemptions, and TDS thresholds. Effective from April 2025.

Key Proposals of Union Budget, 2025 (Income Tax)

February 3, 2025 1899 Views 0 comment Print

Key proposals of the Union Budget 2025 focus on tax slab revisions, TDS changes, NPS Vatsalya benefits, and simplified compliance.

Assessee entitled to raise objections u/s 264 and 246A even if not raised during original assessment proceedings

February 3, 2025 300 Views 0 comment Print

Respondents submitted that the impugned orders did not suffer from any irregularity or illegality warranting interference under Article 226 of the Constitution of India.

Tax Exemption on Withdrawals from National Savings Scheme

February 3, 2025 3090 Views 3 comments Print

Section 80CCA exempts withdrawals from pre-1992 National Savings Scheme deposits from taxation, effective retrospectively from August 29, 2024.

Budget 2025: Annual value of second self-occupied property simplified

February 3, 2025 1347 Views 0 comment Print

The Finance Bill 2025 proposes simplifying the annual value determination of self-occupied property, effective from April 2025, for assessment year 2025-26.

Budget 2025: Obligation to furnish information in respect of crypto-asset

February 3, 2025 612 Views 0 comment Print

The Finance Bill 2025 proposes mandatory reporting of crypto-asset transactions, effective from April 2026, with penalties for inaccuracies.

Budget 2025: Extended Time Limit for Tonnage Tax Scheme Orders

February 3, 2025 213 Views 0 comment Print

Section 115VP extends the deadline for passing orders on tonnage tax scheme applications to three months, effective April 1, 2025.

Budget 2025: Excluding Court Stay in Section 206C Time Limit Calculation

February 3, 2025 339 Views 0 comment Print

Amendments to Section 206C exclude court stays from time limit calculations for default orders. Effective April 1, 2025.

Exemption from Prosecution for Delayed TCS Payment under Budget 2025

February 3, 2025 315 Views 0 comment Print

Proposed changes to Section 276BB offer exemption from prosecution for delayed TCS payment if made before the filing deadline, effective from April 2025.

Time spent defending a reassessment notice doesn’t extend the limitation period

February 3, 2025 639 Views 0 comment Print

Delhi HC ruled that time spent defending a reassessment notice doesn’t extend limitation period for issuing a fresh notice under Income Tax Act.

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