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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


New Tax Regime vs. Old Tax Regime: Which is Best in FY 2025-26?

Income Tax : Compare the New and Old Tax Regimes for FY 2025-26. Learn about tax rates, exemptions, deductions, and which regime suits your inc...

February 25, 2025 1311 Views 0 comment Print

Draft Submissions: No Specific Default Date, No Section 271(1)(b) Penalty

Income Tax : Appeal against penalty under Section 271(1)(b) citing ill health, lack of awareness of Faceless Scheme, and procedural lapses. Req...

February 25, 2025 54 Views 0 comment Print

Assessment Proceedings under Section 147 of Income Tax Act 1961

Income Tax : Learn about Income Tax Act Section 147 assessment proceedings: reasons for reopening, notice issuance, objections, assessment proc...

February 25, 2025 231 Views 0 comment Print

Residential Status- ITA vs FEMA

Income Tax : Understand the differences in residential status under the Income Tax Act and FEMA for Indians working abroad. Know tax implicatio...

February 25, 2025 135 Views 0 comment Print

Types of ITR Forms and Their Applicability

Income Tax : Learn which ITR form applies to your income type, residential status, and income limits. A guide to ITR 1, 2, 3, 4, 5, 6, and 7....

February 25, 2025 168 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 9102 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 10341 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 20028 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 1182 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


P&H HC Quashes Section 148 Notice issued by AO – Only NFAC Has Authority

Income Tax : Punjab & Haryana HC quashes Section 148 notice issued by jurisdictional AO, ruling that only NFAC has authority under CBDT Circula...

February 25, 2025 492 Views 0 comment Print

P&H HC Quashes Section 148 Notice Issued by AO Instead of NFAC

Income Tax : Punjab & Haryana High Court quashes notice u/s 148 issued by jurisdictional AO, ruling that only NFAC has authority post CBDT Circ...

February 25, 2025 1704 Views 0 comment Print

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 210 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 1104 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 252 Views 0 comment Print


Latest Notifications


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 771 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 9150 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 7515 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 891 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 140220 Views 5 comments Print


Notification No. 63/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 342 Views 0 comment Print

CBDT extends tax exemption deadline under Section 10(23FE) to March 31, 2025. Read the full details of Notification No. 63/2024 and its implications here.

Notification No. 62/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 279 Views 0 comment Print

Explore Notification No. 62/2024 issued by the Ministry of Finance, Department of Revenue, amending Income Tax Act provisions effective from April 1, 2024, to March 31, 2025.

Notification No. 61/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 273 Views 0 comment Print

Explore Notification No. 61/2024 regarding Income Tax Amendment under the Income-tax Act, 1961, effective from 31st March, 2025. Get insights into changes made by the Ministry of Finance, Department of Revenue.

Notification No. 60/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 237 Views 0 comment Print

CBDT extends the deadline for tax exemptions under Section 10(23FE) from March 31, 2024, to March 31, 2025. Read the full details of Notification No. 60/2024 here.

Notification No. 59/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 213 Views 0 comment Print

Explore the latest amendment under Notification No. 59/2024 by the Ministry of Finance, Department of Revenue, impacting Income Tax Act 1961.

Notification No. 58/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 306 Views 0 comment Print

CBDT extends the deadline for tax exemptions under Section 10(23FE) from March 31, 2024, to March 31, 2025. Read the detailed analysis of Notification No. 58/2024.

Notification No. 57/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 255 Views 0 comment Print

Explore Notification No. 57/2024 by Ministry of Finance, Department of Revenue, on Income Tax Act amendments effective from April 1, 2024.

Notification No. 56/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 339 Views 0 comment Print

Explore Notification No. 56/2024 by Ministry of Finance, Department of Revenue, CBIC, amending Income Tax Act provisions till March 2025.

Notification No. 55/2024-Income Tax Dated: 18.07.2024

July 18, 2024 567 Views 0 comment Print

The Ministry of Finance amends Income Tax Notification No. 33/2021, extending benefits under Section 10(23FE) to March 31, 2025. Read more for details.

Notification No. 54/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 456 Views 0 comment Print

Explore Notification No. 54/2024 dated 18th July, 2024 by Ministry of Finance, Dept. of Revenue, CBTD, amending Income-tax Act provisions till 31st March, 2025.

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