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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


Taxation of Salary: Taxable and Non-Taxable Salary Components

Income Tax : Explore what’s taxable and non-taxable in salary, including allowances, perquisites and deductions. Learn key components and tax...

February 24, 2025 279 Views 0 comment Print

TDS Rate Chart for FY 2025-26 & AY 2026-27

Income Tax : Check the latest TDS rates for FY 2025-26 (AY 2026-27) on salary, interest, rent, and more. Understand applicable thresholds and d...

February 23, 2025 987 Views 0 comment Print

National Savings Certificate: Taxability and Investment benefits

Income Tax : NSC offers 7.7% interest, tax benefits under Section 80C, and capital security. Learn about its taxability, lock-in period, and in...

February 23, 2025 273 Views 0 comment Print

TDS on Salary Circular: New Rates, Exemptions & Compliance for 2024-25

Income Tax : CBDT Circular No. 03/2025-Income Tax on Salary TDS : New Rates, Exemptions, and Compliance for 2024-25 Summary: The CBDT has intro...

February 23, 2025 891 Views 0 comment Print

Assessment of Trusts as per latest amendments (Including Finance Bill 2025)

Income Tax : An analysis of trust taxation under the Income Tax Act, including Finance Bill 2025 amendments, tax exemptions, anonymous donation...

February 23, 2025 35436 Views 1 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 8346 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 9951 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 19962 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 1119 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 162 Views 0 comment Print


Latest Judiciary


Mechanical Section 153D Approval Vitiates Proceedings: ITAT Lucknow

Income Tax : ITAT Lucknow quashed assessments in Shri Navin Jain vs. DCIT, citing mechanical approval under Section 153D. Read key details and ...

February 23, 2025 156 Views 0 comment Print

FTC Denial for mere delayed form 67 submission not justified: ITAT Pune

Income Tax : ITAT Pune rules on Foreign Tax Credit (FTC) in JCIT (OSD) Vs Raj Surendra Mohan Hajela, addressing the delay in Form 67 submission...

February 23, 2025 51 Views 0 comment Print

Section 50C Applies to Land Transfers, Not Land Rights: Karnataka HC

Income Tax : Karnataka High Court ruled on V.S. Chandrashekar vs. ACIT regarding tax treatment of land transactions, applicability of Section 5...

February 23, 2025 177 Views 0 comment Print

Tax Authorities Should Assess Stay Applications Individually, Not Apply Blanket 20% Deposit Rule

Income Tax : Chhattisgarh High Court rules on Aarti Sponge & Power Ltd. vs. ACIT-2(1), addressing the 20% pre-deposit requirement for stay of t...

February 23, 2025 111 Views 0 comment Print

Amortization of Mining Lease Charges Allowed Under Section 35: ITAT Jaipur

Income Tax : Assessee being a subsidiary of M/s. Rajasthan State Mines and Minerals Ltd. (RSMML) (a Government of Rajasthan Undertaking). It en...

February 23, 2025 108 Views 0 comment Print


Latest Notifications


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 8121 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 7359 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 876 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 139737 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 258 Views 0 comment Print


CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

November 27, 2024 519 Views 0 comment Print

The Ministry of Finance has notified the transfer of capital assets from NLCIL to NIRL under the Income-tax Act, effective from the date of publication.

Income Tax Section 179 not applies to public limited companies: Rajasthan HC

November 27, 2024 516 Views 0 comment Print

Rajasthan HC rules Section 179 of the IT Act doesn’t apply to public limited companies, quashing notices against the director. (160 characters)

PAN 2.0 अपग्रेड: टैक्सपेयर के लिए महत्वपूर्ण प्रश्नोत्तर

November 27, 2024 2442 Views 0 comment Print

PAN 2.0 के बारे में जानें, पुराने PAN धारकों के लिए आवश्यक अपडेट और FAQs।

Updated List of 29 Banks For Income Tax Payments on e-Filing Portal

November 27, 2024 39567 Views 4 comments Print

Comprehensive list of 29 banks available at the e-Filing Portal’s e-Pay Tax service. Find out the new and migrated banks, along with the respective dates of enablement. Simplify your tax payments with these trusted banking options.

Section 68 Addition Set Aside Due to Lack of Independent Investigation by AO: ITAT Surat

November 27, 2024 735 Views 0 comment Print

ITAT Surat held that addition under section 68 of the Income Tax Act is not sustainable since AO has not made any independent investigation of fact. Accordingly, ad hoc disallowance @10% upheld to avoid the possibility of revenue leakage.

Actual Turnover of Licensed Chillies Commission Agent is Gross Commission Charged: ITAT Vishakhapatnam

November 27, 2024 453 Views 0 comment Print

Tribunal in the case of Yegneswari General Traders vs. ITO has held that based on CBDT circular no. 452 it is clear that Kaccha Arahtias turnover includes only the gross commission and not the sales effected on behalf of their principals.

PAN 2.0 Project: CCEA Approval for Unified PAN/TAN Services

November 27, 2024 2322 Views 0 comment Print

The PAN 2.0 Project simplifies PAN/TAN management with a unified platform, paperless processes, and faster services. Approved by CCEA on Nov 25, 2024.

Importance of Disclosing Foreign Income & Assets in ITR

November 27, 2024 3699 Views 0 comment Print

Accurate disclosure of foreign assets and income in ITR is essential to avoid penalties. Revised returns can be filed by December 31, 2024, for A.Y. 2024-25.

How to Fix ‘Upload a Standard Document’ Error in PAN/TAN Applications?

November 27, 2024 10521 Views 0 comment Print

Struggling with the Upload a Standard Document error in PAN/TAN applications? Learn the file format, size, and DPI requirements to resolve common issues quickly.

Extension of date of Filing of Accounts to Maharashtra Charity Commissioner

November 26, 2024 98427 Views 4 comments Print

26.11.2024 Due date for online Filing of Audited Accounts with the Office of the Charity Commissioner, Maharashtra stands extended till 31st December 2024. Please click here to download the Circular No. 614/2024 dated 26.11.2024 (in Marathi) on Extension of date of Filing of Accounts to Charity Commissioner in Maharashtra. **** 26.09.2024 Due date for online […]

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