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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 258 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 231 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 909 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 1596 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 819 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 7476 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


No Penalty for Misreporting Without Malafide Intent: ITAT Delhi

August 19, 2024 777 Views 0 comment Print

ITAT Delhi ruled that penalties for income misreporting cannot be imposed if there’s no malafide intention. Pranav Vikas India Pvt Ltd Vs DCIT.

Appellant Allowed to Submit Objections to GST Notice; Calcutta HC Directs Fresh Adjudication by Joint Commissioner

August 19, 2024 198 Views 0 comment Print

Calcutta High Court allows Truvolt Engineering time to file objections against a notice during ongoing credit blocking proceedings. The notice does not impact the case.

Calcutta HC Invalidates CGST Assessment Order Passed Without Hearing, Orders Re-adjudication

August 19, 2024 165 Views 0 comment Print

Calcutta HC directs reassessment after invalidating CGST assessment order due to lack of opportunity for hearing.

Reassessment Notice not received: Calcutta HC Directs PCIT to Reconsider the matter

August 19, 2024 243 Views 0 comment Print

Calcutta HC directs PCIT to reconsider reassessment as notice was not received by the assessee. The case is remanded for fresh consideration.

JCIT Can’t Transfer Income Tax Cases Without Hearing: Patna HC

August 19, 2024 363 Views 0 comment Print

Patna High Court decides that the JCIT cannot transfer a case under Section 127 without giving the assessee an opportunity to be heard. Case set aside.

Liquidation Process Bars Income Tax Proceedings: ITAT Rules Appeals Premature

August 19, 2024 258 Views 0 comment Print

ITAT Mumbai upholds moratorium under IBC, barring legal proceedings against Mercator Ltd during liquidation. Appeals dismissed in limine.

Secretary Resignation: ITAT Hyderabad Orders Reconsideration of Section 12AB Application

August 19, 2024 168 Views 0 comment Print

ITAT Hyderabad directs CIT(E) to reconsider Idam Braahmam Society’s 12AB registration application after secretary’s resignation caused missed notice.

Failure to Appear due to COVID & Fire: ITAT Remands Case to CIT(A)

August 19, 2024 135 Views 0 comment Print

ITAT Ahmedabad remands Metro Heritage Pvt Ltd’s case back to CIT(A) due to COVID disruptions and a hotel fire, allowing a fresh opportunity for evidence presentation.

Patna HC Upholds IT Dept’s Bid Disqualification Decision for office space rental

August 19, 2024 114 Views 0 comment Print

Patna HC dismisses plea challenging Income Tax Department’s bid disqualification notice for office space rental. Evaluation process found justified.

Inadequate Document Verification: ITAT Remands Trust Matter to CIT(E) for Reconsideration

August 19, 2024 135 Views 0 comment Print

ITAT Ahmedabad remands the Vidhyanagar Jain Society’s registration case to CIT(E) for reconsideration due to non-submission of documents and unavoidable delays.

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