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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


Taxability of director remuneration: Salary or Business income

Income Tax : Understand whether director remuneration is taxed as salary or business income. Learn about tax implications, employer-employee re...

March 3, 2025 804 Views 0 comment Print

Amendments applicable from 1st April 2025

Income Tax : Explore major income tax updates for FY 2025-26, including revised tax slabs, TDS/TCS rules, rebates, and benefits for startups. S...

March 3, 2025 882 Views 0 comment Print

Impact of TDS Rationalization on Taxpayer Liquidity

Income Tax : Analyzing if increased TDS thresholds and reduced rates enhance taxpayer liquidity or just shift tax payments to advance tax. Read...

March 2, 2025 1986 Views 0 comment Print

Unexplained Income and Investments: Sections 69A and 69B

Income Tax : Overview of Income Tax Sections 69A, 69B, on unexplained income, investments, and expenditures. Key cases and interpretations incl...

March 2, 2025 657 Views 0 comment Print

Income Tax Rebate vs. Filing Requirements: A Common Misconception

Income Tax : Recent changes in India's income tax structure, particularly the introduction of rebates, have led to some confusion among taxpaye...

March 2, 2025 633 Views 0 comment Print


Latest News


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 10233 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 11196 Views 0 comment Print

ICMAI on Non-inclusion of ‘Cost Accountant’ in Income Tax Bill 2025

Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...

February 17, 2025 20172 Views 3 comments Print

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...

February 15, 2025 1263 Views 0 comment Print

KSCAA Seeks Clarity on Eligibility of Appeals with Delay Condonation under VSVS

Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...

February 15, 2025 174 Views 0 comment Print


Latest Judiciary


Rejection of claim u/s. 80IAC not justified as audit report in Form 10CCB delayed due to technical problem

Income Tax : ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim u...

March 3, 2025 279 Views 0 comment Print

Amount of sundry debtor doesn’t qualify as unexplained money u/s. 69A: ITAT Jaipur

Income Tax : ITAT Jaipur held that amount of sundry debtor recorded in books of account are not any money, bullion, jewellery or other valuable...

March 3, 2025 441 Views 0 comment Print

Reassessment not valid if no application of mind by AO: ITAT Pune

Income Tax : Aadhunik Infrastructure Development Pvt. Ltd. Vs DCIT (ITAT Pune) The Income Tax Appellate Tribunal (ITAT), Pune Bench “A,” ha...

March 2, 2025 501 Views 0 comment Print

Applicability of Sections 41(1) & 68 on Lease and Booking Advances as Ceased Liabilities – ITAT Ruling

Income Tax : ITAT Nagpur rules in ITO Vs N. Kumar Housing, addressing ₹5.2 crore addition under Sections 41(1) and 68. Liability cessation an...

March 2, 2025 201 Views 0 comment Print

No penalty under Section 271(1)(c) if income declared during search & seizure

Income Tax : ITAT Pune rules in Ramchandra Jadhavrao vs. ACIT that no penalty under Section 271(1)(c) applies if income is declared in return p...

March 2, 2025 423 Views 0 comment Print


Latest Notifications


Select Committee of Lok Sabha to examine Income-Tax Bill, 2025

Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...

February 27, 2025 372 Views 0 comment Print

CBDT Amends Rules 12CA, 12CC & Forms 10IH, 64A, 64B, 64C, 64D, 64E & 64F

Income Tax : CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, imp...

February 25, 2025 2037 Views 0 comment Print

All about Income Tax / TDS Deduction from Salaries for FY 2024-25

Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...

February 21, 2025 10947 Views 0 comment Print

CBDT extends Due Date for Filing Form 56F for AY 2024-25

Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...

February 19, 2025 8109 Views 0 comment Print

Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 927 Views 0 comment Print


Budget 2023 Few Important Proposed Amendments to Income Tax Act 1961

February 2, 2023 5571 Views 0 comment Print

Understand proposed amendments to the Income Tax Act 1961 for Budget 2023 and their impact on premium and paid expenses from Micro and Small Enterprises.

Highlights of Union Budget 2023 related to Income Tax

February 2, 2023 4539 Views 0 comment Print

For Union Budget 2023, Finance Minister proposed new amendments related to TDS & TCS, as well as no changes in corporate tax rates. Highlights here!

Direct Tax Amendments proposed by Finance Bill 2023

February 2, 2023 10701 Views 4 comments Print

Understand the Income Tax Exemptions Amendments proposed by Finance Bill 2023 – no change in Minimum threshold limits and surcharge slabs. Opt for the new tax regime to get maximum benefits of interest on housing loan, HRA, 80C, 80D, 80G, 80T etc.

Key Direct Tax Proposals- Budget 2023

February 2, 2023 8493 Views 1 comment Print

Key Direct Tax Proposals highlighted in the Budget 2023- MSMEs get enhanced limits for availing benefits of presumptive taxation and 95% of receipts to be non cash. Startups get an extension of date of incorporation by 1 year and carry forward of losses on change of shareholding extended to 10 years. Benefits under the revamped scheme- Corpus enables collateral free guaranteed credit to MSME of ₹ 2 lacs crores.

Budget 2023-2024: Key Highlights & Substantial Changes of First Budget In Amrit Kaal

February 2, 2023 3393 Views 0 comment Print

Union Finance Minister Nirmala Sitharaman repeatedly referred to the term ‘Amrit Kaal’ while presenting the Union Budget 2022 on Tuesday, 1 February 2023.

बजट 2023: व्यक्तिगत करदाताओं पर प्रस्तावित आयकर प्रावधान – एक विवेचन

February 2, 2023 2577 Views 0 comment Print

बजट – 2023 एक ऐसा बजट है जो कि 2024 में होने वाले आम चुनाव के ठीक एक साल पहले पेश किया जाने वाला बजट है इसलिए करदाताओं पर कोई बोझ डाला जाएगा इसकी तो कोई उम्मीद नहीं थी लेकिन आम करदाता को यह उम्मीद थी कि उसे कर से कोई राहत मिलेगी. आइये देखें कि उनको किस प्रकार की राहत मिली है और कहाँ-कहाँ निराशा हाथ लगी है . आइये देखें आयकर में हुए मुख्य परिवर्तन क्या है और इन्हें किस तरह से समझा जा सकता है .

Budget 2023 Tax Analysis साधारण शब्दों में

February 2, 2023 2487 Views 0 comment Print

बजट एक ऐसा त्यौहार है जिसका इंतज़ार सभी लोग बेसब्री से करते है, आस पास गली मोहल्ले सब जगह बजट की चर्चा होती है हर कोई इस दिन इकोनॉमिस्ट बन जाता है मीडिया एवं व्हाट्सप्प से और दिन भर बजट के गुण गाते गाते सो जाता है और त्यौहार ख़त्म हो जाता है । और […]

Income Tax Rates for assessment year 2024-25 Financial Year 2023-24

February 2, 2023 22761 Views 0 comment Print

Income Tax Rate chart as applicable for assessment year 2024-25 Financial Year 2023-24 to individual, Hindu undivided family, association of persons, co¬operative society, body of individuals, Firms, Local authorities and Companies

Key Highlights of Union Budget 2023 – Changes under Income Tax Law

February 2, 2023 25137 Views 2 comments Print

Understand the updates of Union Budget 2023 – Key changes in Income Tax Law with this guide. Learn about the socio-economic welfare measures in the Finance Bill of 2023.

Inventory Valuation by Cost Accountants under Income Tax proposed for specific cases

February 1, 2023 8376 Views 1 comment Print

Income Tax proposed cost accountants inventory valuation specific cases – Stock valuations by cost accountants to assess financial position for Income Tax proposed in Budget 2023-24.

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