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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


Tax Incentives for Startups & MSMEs – New 2025 Incentives

Income Tax : The Indian government remains married to promoting entrepreneurship and profitable development through duty impulses for startups ...

February 24, 2025 255 Views 0 comment Print

Best Ways to Use Your Tax Saving

Income Tax : Learn how to smartly allocate your tax savings in 2025—repay loans, invest in mutual funds, boost spending, or explore business ...

February 24, 2025 369 Views 0 comment Print

Complete Guide to PAN: Uses, Structure and Non-Compliance Penalties

Income Tax : A PAN (Permanent Account Number) is a unique 10-character alphanumeric identifier issued by the Income Tax Department of India to ...

February 24, 2025 228 Views 0 comment Print

USA Taxation, 2024: Updated guidelines for Corporates

Income Tax : Understand USA corporate tax in 2024, including tax rates, filing deadlines, estimated payments, EINs, and penalties. Stay complia...

February 24, 2025 444 Views 0 comment Print

Development Agreement Signing Doesn’t Trigger Capital Gains Tax Without Actual Transfer: Telangana HC

Income Tax : Telangana HC clarified that capital gains tax applies only when ownership or possession is transferred along with consideration....

February 24, 2025 654 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 8787 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 10185 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 20007 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 1146 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 168 Views 0 comment Print


Latest Judiciary


Mere operational links or subsidiary relationships do not confer PE status: Delhi HC

Income Tax : Delhi High Court examines Nokia Network OY’s Permanent Establishment (PE) status in India, addressing taxation on software reven...

February 24, 2025 48 Views 0 comment Print

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 903 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 210 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 1593 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 813 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 8730 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 7473 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 885 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 139971 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


Section 50C & 43CA: Full Value of Consideration in Immovable Property Sales

September 12, 2024 11007 Views 0 comment Print

Section 50C: For property sales, if the sale price is lower than the value assessed by Stamp Valuation Authority, that value is considered full consideration for tax.

If statutory liabilities are not routed through the profit and loss account, will they still be disallowed under Section 43?

September 12, 2024 4575 Views 0 comment Print

Summary of cross appeals involving VAT disallowances under Section 43B for AY 2018-19, addressing accounting methods, CIT(A) decision, and case law reliance.

Reassessment cases: Bombay HC in JD Printers Case Deviates from Hexaware Approach

September 12, 2024 4794 Views 0 comment Print

Bombay HC grants interim relief in JD Printers re-assessment case, opting for a different approach than in Hexaware. Notice and proceedings stayed.

669-day delay – unexplained cash deposit Addition: ITAT Remands Case to CIT(A)

September 12, 2024 753 Views 0 comment Print

The ITAT Indore remanded Amit Vyas’ appeal back to CIT(A) due to procedural delays, allowing reconsideration of unexplained cash deposits and assessment orders.

Factual incorrect ex-parte order without proper notice: ITAT remand back to AO

September 12, 2024 342 Views 0 comment Print

ITAT Indore remands case of District Organiser Tribal Welfare Bhopal vs. ITO for incorrect TDS calculations and procedural delays. Read the full judgment summary.

Section 269SS: Cash Transaction Rules, Penalties, Exemptions & Case Laws

September 12, 2024 3324 Views 0 comment Print

Learn about Section 269SS, its cash transaction limits, penalties under Section 271D, exemptions, and important court rulings on tax compliance and penalties.

An Insight Into Tax Avoidance, Backed By Recent Developments

September 12, 2024 1110 Views 0 comment Print

Explore the legal boundaries of tax avoidance, recent rulings, and the evolving jurisprudence in India with key cases like Vodafone shaping fiscal policies.

Well-Qualified Wife Cannot Rely Solely on Maintenance From Husband: MP HC

September 12, 2024 1158 Views 0 comment Print

MP High Court rules that a well-qualified wife should not remain idle or depend entirely on maintenance, emphasizing financial independence for women.

Your refund failed as your PAN not linked to bank account: Analysis

September 11, 2024 5775 Views 0 comment Print

Learn why Income Tax refunds are failing due to unlinked PAN with bank accounts, the implications, and how taxpayers can resolve this issue.

Section 80DD amendment by Finance Act, 2022 cannot be given retrospective effect: SC

September 10, 2024 8901 Views 0 comment Print

Supreme Court denies retrospective application of amended Section 80DD in Ravi Agrawal vs Union of India, upholding the policy original objective for disabled beneficiaries.

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