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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


Section 12AB(4) lacks authority to Retrospectively cancel 12A registrations: ITAT Pune

Income Tax : Tribunal ruled that Section 12AB(4) does not provide powers to cancel Section 12A registrations, and the notices issued were inval...

February 26, 2025 87 Views 0 comment Print

Provisions for Senior Citizens under Income Tax Act

Income Tax : Explore income tax benefits for senior citizens in India, including tax slabs, exemptions, deductions, and key provisions under th...

February 26, 2025 78 Views 0 comment Print

Tax Evasion vs. Tax Avoidance: Legal Implications in India

Income Tax : One of the most infamous tax evasion cases in India is the Sahara India tax evasion case, which highlights the legal implications ...

February 26, 2025 57 Views 0 comment Print

How to Maximize Tax Savings Under New Tax Regime

Income Tax : Learn how to save tax under the new tax regime with standard deduction, employer NPS contributions, and tax-free retirement benefi...

February 26, 2025 1503 Views 0 comment Print

Surcharge Rates in New vs Old Tax Regime: Key Differences

Income Tax : Compare surcharge rates under the new and old tax regimes. Learn how income thresholds impact tax liabilities for individuals and ...

February 25, 2025 489 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 9321 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 10452 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 20046 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 1194 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 171 Views 0 comment Print


Latest Judiciary


Jewellery Ownership cannot Be Presumed Solely from Frequent Locker Operation

Income Tax : ITAT Ahmedabad deletes addition of ₹6.16 lakh under Section 69A for unexplained jewellery, considering joint ownership of locker...

February 26, 2025 33 Views 0 comment Print

No Penalty for Additions Based on Estimation Without Concrete Proof: ITAT Mumbai

Income Tax : ITAT Mumbai ruled on Dev Engineers Vs DCIT, deleting penalties under Sections 271(1)(c) and 271AAB. Additions were based on estima...

February 26, 2025 48 Views 0 comment Print

No TDS on Interest under Section 28 of Land Acquisition Act: ITAT Delhi

Income Tax : ITAT Delhi rules that interest on enhanced land acquisition compensation under Section 28 is part of compensation, not taxable inc...

February 26, 2025 63 Views 0 comment Print

Negative Margins & Functional Differences: ITAT Upholds Comparable Exclusion

Income Tax : ITAT Chennai rules that RRB Energy Ltd. cannot be used as a comparable due to negative margins and functional differences in a tra...

February 26, 2025 57 Views 0 comment Print

SC dismisses Revenue’s appeal for unexplained delay and lack of merit

Income Tax : Supreme Court dismissed the Revenue’s appeal in ACIT vs Mamta Agarwal due to unexplained delay and lack of merit. Delhi HC rulin...

February 26, 2025 63 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 1206 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 9414 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 7566 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 894 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 140304 Views 5 comments Print


Introduction to Pillar one Amount B in OECD

March 3, 2024 903 Views 0 comment Print

Discover how the OECD’s introduction of Pillar One Amount B in 2024 streamlines transfer pricing for marketing and distribution, enhancing fairness and compliance for multinational enterprises.

Amazon India’s Post-Sales Costs Not AMP Expenditure

March 3, 2024 393 Views 0 comment Print

ITAT Bangalore rules that delivery and warranty expenses, being post-sales activities, do not form part of Amazon India’s Advertising, Marketing & Promotion expenditure.

Section 194H TDS Not Applicable If Assessee Not Paying Income in Business Transactions: SC

March 3, 2024 1194 Views 0 comment Print

Supreme Court ruling on TDS under S.194-H: Business transactions where assessee isn’t responsible for payment do not attract TDS. Key insights explained.

Kerala HC stays Tax Recovery till Income Tax Appeal Disposal

March 3, 2024 966 Views 0 comment Print

Kerala High Court orders to pause tax recovery proceedings against Wexco Homes Pvt. Ltd. until the disposal of stay petitions or income tax appeals.

All about Form 15CA-15CB & its filing procedure

March 2, 2024 6726 Views 0 comment Print

Understand Form 15CA/15CB and their filing process for cross-border transactions. Ensure compliance and transparency in international money transfers.

Brief About Section 43B(h) of Income Tax Act, 1961

March 2, 2024 8823 Views 2 comments Print

Explore the impact of Finance Act 2023s Section 43B(h) amendment on timely payments to MSMEs. Learn the rules, exceptions, and its effects on taxable income.

Insights to MSME Payment regulations: Unfolding journey of 43B(h)

March 2, 2024 2664 Views 1 comment Print

Explore the critical aspects of Section 43B(h) under Income Tax Act 1961, focusing on the disallowance of business expenditure for delayed payments to MSMEs.

Changes in ITR-2,3 & 5 for assessment year 2024-2025

March 2, 2024 4326 Views 0 comment Print

Discover the latest updates in ITR Forms 2, 3, and 5 for AY 2024-25, highlighting significant changes due to the Finance Act 2023, enhancing tax filing compliance.

Notification under IT Act, 1961: Karnataka Urban Water Supply & Drainage Board

March 1, 2024 474 Views 0 comment Print

Understand the implications of the Income Tax Act notification regarding Karnataka Urban Water Supply and Drainage Board’s specified incomes. Details on applicability and conditions.

Notification under IT Act, 1961: UP Real Estate Regulatory Authority

March 1, 2024 876 Views 0 comment Print

Explore the latest Income Tax Act notification granting tax exemption to Uttar Pradesh Real Estate Regulatory Authority (UP RERA) and its implications.

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