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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


Everything about TDS Return Filing

Income Tax : Learn about TDS return filing: who must file, due dates, forms, required documents, penalties, how to check status, revising retur...

May 17, 2024 3258 Views 0 comment Print

Who Should File ITR? Guidelines and Exemptions

Income Tax : Unsure if you need to file your Income Tax Return (ITR) for FY 2023-24? Learn about mandatory filing criteria, exemption limits, a...

May 17, 2024 729 Views 0 comment Print

Waive of Outstanding Income Tax Demand of earlier years

Income Tax : The CBDT implements the interim budget's historic announcement of waiving old tax demands up to specified amounts for certain fina...

May 17, 2024 822 Views 0 comment Print

Essential Tips for Hassle-Free Filing Income Tax Returns like a Pro

Income Tax : Learn essential tips for hassle-free filing of income tax returns like a pro. Maximize deductions and minimize errors with these e...

May 17, 2024 1698 Views 0 comment Print

Is Your Income Tax Return Defective? What to Do Next

Income Tax : Learn what happens if your income tax return is deemed defective and how to rectify it. Understand Section 139(9) and your options...

May 16, 2024 759 Views 0 comment Print


Latest News


Real-Time Feedback Monitoring in Annual Information Statement introduced

Income Tax : CBDT, has introduced a new feature in Annual Information Statement (AIS) accessible via compliance portal on Income Tax Department...

May 14, 2024 2523 Views 0 comment Print

Guidance Note on Inventory Valuation under Income Tax Act 1961

Income Tax : Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance...

May 10, 2024 1452 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba – Last Few Hours to register

Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...

May 10, 2024 9810 Views 1 comment Print

CBI Arrests Mumbai Income Tax Officer for Bribery, Rs. 4 Lakh Seized

Income Tax : CBI) made a significant arrest today in Mumbai, apprehending an Income Tax Officer caught red-handed accepting a bribe of Rs. 4.00...

May 4, 2024 2130 Views 0 comment Print

Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

Income Tax : Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on ...

April 29, 2024 1287 Views 0 comment Print


Latest Judiciary


Section 115JB Allows Deduction of profit of sick industrial company in book profit computation

Income Tax : Since, appellant company is a sick industrial company for impugned assessment year, any profit derived from said industrial compan...

May 17, 2024 147 Views 0 comment Print

Trust registration cannot be cancelled by applying provisions of section 12AB(4)(ii) retrospectively

Income Tax : Appeals filed against PCIT orders under section 12AB(4)(ii) of Income-tax Act, 1961. Learn why assessees contest rulings affecting...

May 17, 2024 243 Views 0 comment Print

ITAT deletes Interest Addition: Assessee Possessed Adequate Own Funds for Investments

Income Tax : Explore the detailed analysis of ITAT Delhi's ruling on the appeal filed by ACIT against Dish Infra Services Pvt. Ltd., covering ...

May 17, 2024 162 Views 0 comment Print

ITAT Bangalore Remands Commission Discrepancy Case Back to AO for Fresh Consideration

Income Tax : ITAT observed discrepancies between appellant's claimed sales and commission received, as per Form 26AS, subject to TDS deductions...

May 17, 2024 96 Views 0 comment Print

No Section 56 addition When Assessee was not True Beneficiary but Only Facilitator

Income Tax : Tribunal concluded that assessee was not real beneficiary of transaction but merely acted as a facilitator. Therefore, additions m...

May 17, 2024 183 Views 0 comment Print


Latest Notifications


Notification: Income Tax Exemption for Tamil Nadu Electricity Regulatory Commission

Income Tax : Ministry of Finance notifies Income Tax Act Section 10(46) for Tamil Nadu Electricity Regulatory Commission, exempting specified i...

May 8, 2024 384 Views 0 comment Print

Guidelines for Compulsory Income Tax Scrutiny for FY 2024-25

Income Tax : Understand the guidelines set by the Indian Ministry of Finance for the compulsory selection of returns for complete scrutiny duri...

May 3, 2024 12462 Views 0 comment Print

CBDT Extends Due Dates: Form No. 10A/10AB Filing upto 30th June, 2024

Income Tax : Get insights on Circular No. 7/2024 issued by CBDT, extending due dates for filing Form No. 10A/10AB under the Income-tax Act, 196...

April 25, 2024 23310 Views 0 comment Print

Section 10(46) Notification: Kerala Autorickshaw Workers Welfare Fund Scheme

Income Tax : Explore Notification No. 41/2024-Income Tax regarding Kerala Autorickshaw Welfare Fund Scheme, Kollam. Analysis, impact, and impli...

April 24, 2024 258 Views 0 comment Print

CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

Income Tax : Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes oper...

April 23, 2024 51189 Views 2 comments Print


Lump Sum out-of-court Employee settlement and its Tax implications!

April 29, 2024 1158 Views 0 comment Print

Explore the tax implications of lump sum out-of-court settlements for employees in India. Learn how recent cases shape tax liabilities and exemptions

CBDT Circular No. 6/2024: Relief Measure for Inoperative PAN

April 29, 2024 8130 Views 2 comments Print

CBDT Circular No. 6/2024 offers relief for Inoperative PANs. No tax liability for deductors/collectors if PAN becomes operative by May 31, 2024. Check compliance on the Income Tax Reporting Portal.

Points to Consider while Filing Income Tax Return to Avoid Notices from Department

April 28, 2024 17793 Views 2 comments Print

Prepare for seamless Income Tax Return filing for A.Y. 2023-24 with these key considerations. Avoid notices from the Income Tax Department by verifying forms, reconciling details, and making informed choices on deductions. Learn from expert advice to file accurately and on time.

ITAT Dismisses Appeal Due to absence of Reasonable cause for 726-Day Delay

April 28, 2024 381 Views 0 comment Print

Read the full text of the order from ITAT Chennai dismissing the appeal due to unexplained 726-day delay. Detailed analysis and implications provided.

ITAT allows Section 80P(2)(a)(i) deduction on dividend from Chennai Central Co-operative Bank

April 28, 2024 480 Views 0 comment Print

Read the detailed analysis of Union Bank of India’s case vs ITO where ITAT Chennai grants deduction under Section 80P for dividends from cooperative bank shares.

ITAT Restores Case: Assessee Denied Opportunity to Cross-Examine Witnesses

April 28, 2024 507 Views 0 comment Print

In ITO Vs Saivi Finance Pvt Ltd, ITAT Delhi restores the matter back to AO due to denial of natural justice, assessees not given chance to cross-examine persons whose statements were used against them.

Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC

April 28, 2024 9189 Views 0 comment Print

Explore how the Bombay High Court ruled against reopening Section 143(1) assessments without valid reasons, safeguarding taxpayers’ rights. Detailed analysis and implications.

Intricacies of Sections 153A, 153B &153C: Key Conclusions of ACIT Vs Ojjus Medicare Pvt. Ltd

April 28, 2024 804 Views 0 comment Print

Explore the detailed analysis of the Delhi High Court judgment in ACIT Vs Ojjus Medicare Pvt. Ltd. regarding assessment proceedings under Section 153C of the Income Tax Act.

Conditions for Section 153A Reassessment notice Issuance after 6 Years

April 28, 2024 648 Views 0 comment Print

Discover the conditions for issuance of a reassessment notice u/s 153A beyond six years & explore the detailed analysis of ACIT Vs Goldstone Cements Ltd. (ITAT Kolkata) case.

Ad-hoc Income Tax Disallowances: Insights from Legal Precedents

April 28, 2024 1833 Views 0 comment Print

Explore key legal cases providing guidance on navigating ad-hoc disallowances in tax assessments. Understand the implications for businesses and the principles upheld by judicial authorities.

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