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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


Everything about TDS Return Filing

Income Tax : Learn about TDS return filing: who must file, due dates, forms, required documents, penalties, how to check status, revising retur...

May 17, 2024 3627 Views 0 comment Print

Who Should File ITR? Guidelines and Exemptions

Income Tax : Unsure if you need to file your Income Tax Return (ITR) for FY 2023-24? Learn about mandatory filing criteria, exemption limits, a...

May 17, 2024 2280 Views 1 comment Print

Waive of Outstanding Income Tax Demand of earlier years

Income Tax : The CBDT implements the interim budget's historic announcement of waiving old tax demands up to specified amounts for certain fina...

May 17, 2024 1155 Views 0 comment Print

Essential Tips for Hassle-Free Filing Income Tax Returns like a Pro

Income Tax : Learn essential tips for hassle-free filing of income tax returns like a pro. Maximize deductions and minimize errors with these e...

May 17, 2024 2583 Views 0 comment Print

Is Your Income Tax Return Defective? What to Do Next

Income Tax : Learn what happens if your income tax return is deemed defective and how to rectify it. Understand Section 139(9) and your options...

May 16, 2024 843 Views 0 comment Print


Latest News


Real-Time Feedback Monitoring in Annual Information Statement introduced

Income Tax : CBDT, has introduced a new feature in Annual Information Statement (AIS) accessible via compliance portal on Income Tax Department...

May 14, 2024 2553 Views 0 comment Print

Guidance Note on Inventory Valuation under Income Tax Act 1961

Income Tax : Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance...

May 10, 2024 1458 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba – Last Few Hours to register

Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...

May 10, 2024 9810 Views 1 comment Print

CBI Arrests Mumbai Income Tax Officer for Bribery, Rs. 4 Lakh Seized

Income Tax : CBI) made a significant arrest today in Mumbai, apprehending an Income Tax Officer caught red-handed accepting a bribe of Rs. 4.00...

May 4, 2024 2136 Views 0 comment Print

Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

Income Tax : Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on ...

April 29, 2024 1296 Views 0 comment Print


Latest Judiciary


IT Support Payments Not FTS under Article 12 of India-Netherlands DTAA

Income Tax : In a landmark ruling, ITAT Mumbai provides relief to Shell IT, asserting that payments for IT support aren't considered FTS under ...

May 18, 2024 66 Views 0 comment Print

No addition on account of loss on forward premium account treating it as speculative in nature

Income Tax : DCIT Vs  J. K. Techno soft Ltd (ITAT Delhi) Conclusion: Forward mark contracts on foreign currency was incurred during the normal...

May 18, 2024 48 Views 0 comment Print

Section 115JB Allows Deduction of profit of sick industrial company in book profit computation

Income Tax : Since, appellant company is a sick industrial company for impugned assessment year, any profit derived from said industrial compan...

May 17, 2024 213 Views 0 comment Print

Trust registration cannot be cancelled by applying provisions of section 12AB(4)(ii) retrospectively

Income Tax : Appeals filed against PCIT orders under section 12AB(4)(ii) of Income-tax Act, 1961. Learn why assessees contest rulings affecting...

May 17, 2024 405 Views 1 comment Print

ITAT deletes Interest Addition: Assessee Possessed Adequate Own Funds for Investments

Income Tax : Explore the detailed analysis of ITAT Delhi's ruling on the appeal filed by ACIT against Dish Infra Services Pvt. Ltd., covering ...

May 17, 2024 240 Views 0 comment Print


Latest Notifications


Notification: Income Tax Exemption for Tamil Nadu Electricity Regulatory Commission

Income Tax : Ministry of Finance notifies Income Tax Act Section 10(46) for Tamil Nadu Electricity Regulatory Commission, exempting specified i...

May 8, 2024 387 Views 0 comment Print

Guidelines for Compulsory Income Tax Scrutiny for FY 2024-25

Income Tax : Understand the guidelines set by the Indian Ministry of Finance for the compulsory selection of returns for complete scrutiny duri...

May 3, 2024 12504 Views 0 comment Print

CBDT Extends Due Dates: Form No. 10A/10AB Filing upto 30th June, 2024

Income Tax : Get insights on Circular No. 7/2024 issued by CBDT, extending due dates for filing Form No. 10A/10AB under the Income-tax Act, 196...

April 25, 2024 23334 Views 0 comment Print

Section 10(46) Notification: Kerala Autorickshaw Workers Welfare Fund Scheme

Income Tax : Explore Notification No. 41/2024-Income Tax regarding Kerala Autorickshaw Welfare Fund Scheme, Kollam. Analysis, impact, and impli...

April 24, 2024 261 Views 0 comment Print

CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

Income Tax : Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes oper...

April 23, 2024 51297 Views 2 comments Print


Circular No. 40-Income Tax dated 11-5-1970

May 11, 1970 348 Views 0 comment Print

Circular No. 40-Income Tax In para 1.45 of their 100th Report (1969-70), the Public Accounts Committee have observed as follows : “The Government are yet to clarify to the public whether a party would forfeit the development rebate when the entire assets are sold to Government and the development rebate reserve

Circular No. 39-Income Tax dated 13-04-1970

April 13, 1970 363 Views 0 comment Print

Circular No. 39-Income Tax A comprehensive agreement for the avoidance of double taxation of income between India and Republic of France was signed by the representatives of the two countries on 26th March, 1969, and a notification under s.90 of the IT Act and s. 24A of the Companies (Profits) Surtax Act, to give effect to the provisions of the Agreement, has been

Notification: S.O.1416 Date of Issue: 6/4/1970

April 6, 1970 379 Views 0 comment Print

Notification: S.O.1416 M. Visvesvaraya Industrial Research and Development Centre It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,

Circular No. 36-Income Tax dated 25-3-1970

March 25, 1970 340 Views 0 comment Print

Circular : No. 36 -Income Tax I am directed to invite a reference to this Ministry’s Letter F. No. 12/41/69-ITCC, dated 5-4-1969, on the subject of deduction of income-tax from salaries paid during the year 1969-70. The Finance Bill introduced in the Parliament on February 28, 1970, provides, inter alia, the rates at which income-tax has to be deducted during the financial year

Circular No. 35-Income Tax dated 24-3-1970

March 24, 1970 313 Views 0 comment Print

Circular : No. 35 -Income Tax I am directed to forward a copy of draft circular letter setting out the rates at which income-tax and surcharge should be deduct­ed from interest on Government securities after April 1, 1970. It is requested that a circular on the basis of this draft may be issued by you immediately to all Treasury Officers and Sub-Treasury Officers under your control, individually

Circular No. 34-Income Tax dated 5-3-1970

March 5, 1970 1512 Views 0 comment Print

Circular : No 34 -Income Tax The Board had occasion to deal with several representations from various chambers of commerce, trade associations and businessmen regarding the scope of provisions of section 40A(3) and rule 6DD. Since many of the points raised therein are of an important nature, the clarifications given thereon are summarised below

Notification: S.O.828 Date of Issue: 24/2/1970

February 24, 1970 393 Views 0 comment Print

Notification: S.O.828 In pursance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notify the District, Taluka, Nagar

Notification: S.O.719 Date of Issue: 23/2/1970

February 23, 1970 397 Views 0 comment Print

Notification: S.O.719 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 namely :– This Notification contains Amendments to Indian Income-tax (Second Amendment) Rules, 1970 carried out on 23rd February, 1970 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.718 Date of Issue: 23/2/1970

February 23, 1970 298 Views 0 comment Print

In pursuance of clause (d) of section 280Y of the Income-tax Act, 1961 (43 of 1961), of the Central Government hereby makes the following amendment in the notification of the Govern

Notification: 1-AT/70 Date of Issue: 12/2/1970

February 12, 1970 262 Views 0 comment Print

In exercise of the powers conferred by sub-section (5) of section 255 of the Income-tax Act, 1961 (43 of 1961), the Appellate Tribunal hereby makes the following rules further to amend the Income-tax (Appellate Tribunal) Rules, 1963.

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