Sponsored
    Follow Us:

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


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 120 Views 0 comment Print

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 1929 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 69 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 294 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 198 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 9210 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 10368 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 20034 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


ITAT Jaipur quashes Section 271D penalty as funds received were advances, not loans

Income Tax : ITAT Jaipur quashes 271D penalty against Balbir Singh, ruling funds received were advances, not loans, after verifying property ow...

February 25, 2025 66 Views 0 comment Print

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 624 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 1956 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 222 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 1122 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 888 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 9267 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 7554 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 140256 Views 5 comments Print


New Income Tax Returns for FY 2024-Significant Changes

February 16, 2024 15186 Views 3 comments Print

CBDT’s new Income Tax Returns FY 2024 bring significant changes. Explore key updates in ITR-1, ITR-2, ITR-3, and ITR-4, along with implications for taxpayers.

ITAT Hyderabad Orders Review of Jewellers’ Demonetization Cash Deposits & Sales

February 15, 2024 1068 Views 0 comment Print

ITAT Hyderabad orders fresh examination of Bollam Sampath Kumar Jewellers’ cash deposits and sales during demonetization, highlighting the importance of documentation.

Understanding Short Term Capital Gain Tax: Rules & Benefits

February 15, 2024 15663 Views 0 comment Print

Learn about short term capital gains tax under Section 111A: rates, exemptions, rebates, and conditions for applicability. Maximize tax benefits on equity investments.

Malaysian Airline System Berhad Vs DCIT: Taxability of Services to Indian Airlines

February 15, 2024 609 Views 0 comment Print

Read the detailed analysis of the case between Malaysian Airline System Berhad and DCIT regarding the taxability of services provided to Indian airlines in Malaysia.

Sale of Software License Not Royalty under India-Singapore DTAA: ITAT Delhi

February 15, 2024 681 Views 0 comment Print

ITAT Delhi rules receipts from the sale of software licenses to Pepsico India and ITC Limited not royalty under India-Singapore DTAA. Read the full analysis.

No Further Inquiry in ‘Limited Scrutiny’ Cases Beyond Scope Under Section 263: ITAT Surat

February 15, 2024 735 Views 0 comment Print

ITAT Surat rules in Hasumatiben Jagdishbhai Patel vs. PCIT case, limiting further inquiry under Section 263 to issues directly connected with limited scrutiny. Detailed analysis provided.

No Tax on Salary for Non-Resident Assessee Rendering Services Outside India: ITAT

February 15, 2024 1068 Views 0 comment Print

Explore the ITAT Delhi ruling on Devi Dayal Vs DCIT regarding taxation of salary earned by a non-resident outside India. Detailed analysis and conclusion provided.

ITAT Confirms Reassessment & Section 68 Addition on Share Subscription

February 15, 2024 645 Views 1 comment Print

 ITAT Upholds Reassessment on Accommodation Entry Info from Investigation Wings & affirms Addition u/s 68 Due to Lack of Credibility Evidence in Share Subscription

ITAT Upholds Revision: No AO Inquiry on Political Donation Receipts for 80GGC Deduction

February 15, 2024 5292 Views 0 comment Print

ITAT Ahmedabad dismisses appeal against revision order denying 80GGC deduction for donation to a political party, emphasizing the need for genuine receipts.

Angel Tax in India: Impact, Reforms & Exemptions

February 15, 2024 2415 Views 0 comment Print

Understand Angel Tax in India: its implications, controversies, and government reforms. Learn about exemptions, rates, and guidelines for startups and investors.

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728