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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


India-Mauritius: Implications of Principal Purpose Test

Income Tax : India and Mauritius have amended the DTAA, adding a principal purpose test (PPT) rule to close tax loopholes and align with global...

August 19, 2024 Views 0 comment Print

Tax Implications of Raksha Bandhan Gifts: What You Need to Know

Income Tax : Understand the tax implications of Raksha Bandhan gifts. Learn about exemptions for gifts from relatives and the tax rules for gif...

August 19, 2024 Views 0 comment Print

Finance (No. 2) Act 2024 – Key Amendments relating to Direct Taxes

Income Tax : The Finance (No 2) Act 2024 has been notified on 16th August 2024. The Finance Act sections 1 to 99 (Page 1 to 54) amends Income T...

August 18, 2024 2328 Views 0 comment Print

Vivad Se Vishwas Scheme, 2024

Income Tax : The provisions of Income Tax Act, provide for mechanism of filling of appeals against orders passed under the proceedings of the A...

August 18, 2024 117 Views 0 comment Print

Double Tax Avoidance Agreement (DTAA)

Income Tax : DTAA prevents double taxation on international income, promoting global trade. Learn how it benefits taxpayers, methods of elimina...

August 18, 2024 105 Views 0 comment Print


Latest News


Tax Audit Under Income Tax Act: Detailed Live Course with Practical Insights

Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...

August 19, 2024 537 Views 0 comment Print

Join 5-Day Live & Online Income Tax Audit Course with Practical Examples

Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...

August 19, 2024 273 Views 0 comment Print

Live Course: Handling Faceless Income Tax Assessment with AI Tools like ChatGPT

Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...

August 19, 2024 507 Views 0 comment Print

Direct Tax Collections FY 2024-25 Reach Rs. 6.93 Lakh Crores as on 11.08.2024

Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...

August 13, 2024 255 Views 0 comment Print

FAQs on PFA & Defective for ITR 1 to 6 for AY 24-25

Income Tax : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...

August 10, 2024 3048 Views 0 comment Print


Latest Judiciary


Challenge to Section 153C Notice: Rajasthan HC Dismisses Writ & directs to pursue statutory remedies

Income Tax : Rajasthan HC dismisses writ against Section 153C notice post-assessment, advising the petitioner to pursue statutory remedies inst...

August 19, 2024 24 Views 0 comment Print

ITAT Remands Appeal Due to FAA Notice Sent to Old CA’s Email

Income Tax : ITAT Bangalore remands appeal after delay caused by FAA notice sent to outdated email, directing fresh review and updated contact ...

August 19, 2024 18 Views 0 comment Print

Stay Application Against Trust Registration Cancellation Rejected: Irreparable Loss Not Proven, ITAT Delhi

Income Tax : n Legal Initiative For Forest And Environment (LIFE Trust) Vs PCIT (ITAT Delhi), the stay application was denied as the test for i...

August 18, 2024 30 Views 0 comment Print

Section 271(1)(c) Penalty not leviable merely for making a unsustainable claim: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that merely making a claim that is not sustainable does not amount to furnishing inaccurate particulars of inc...

August 18, 2024 39 Views 0 comment Print

Payment Under Settlement Memorandum Allowable as Business Expenditure: Bombay HC

Income Tax : Bombay High Court held that amount paid towards community services and social welfare under Memorandum of Settlement under the Ind...

August 18, 2024 42 Views 0 comment Print


Latest Notifications


President Assents Finance (No 2) Bill, 2024 i.e. Finance (No. 2) Act, 2024

Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...

August 18, 2024 90 Views 0 comment Print

Finance (No. 2) Bill, 2024 – As Passed by Lok Sabha on 7.8.2024

Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...

August 13, 2024 3021 Views 0 comment Print

Guidelines for Handling High-Risk PAN Cases in Insight Portal

Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...

August 12, 2024 10896 Views 0 comment Print

Income Tax Exemption for UIDAI’s Specified Income 2024-2029

Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...

August 12, 2024 282 Views 0 comment Print

Income Tax Exemption for West Bengal Transport Workers Social Security Scheme

Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...

August 12, 2024 81 Views 0 comment Print


Notification: S.O.65 Date of Issue: 15/11/1976

November 15, 1976 232 Views 0 comment Print

Notification: S.O.65 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shree Digambar Jain Barha

Notification: S.O.4781 Date of Issue: 1/11/1976

November 1, 1976 343 Views 0 comment Print

Notification: S.O.4781 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, New Delhi, the prescribed

Notification: S.O.4780 Date of Issue: 1/11/1976

November 1, 1976 217 Views 0 comment Print

Notification: S.O.4780 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science & Technology, New Delhi, the prescribed au

Notification: S.O.473 Date of Issue: 1/11/1976

November 1, 1976 307 Views 0 comment Print

Notification: S.O.473 In continuation of Notification No. 558 dated 15th February, 1974, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the

Notification: S.O.83 Date of Issue: 27/10/1976

October 27, 1976 268 Views 0 comment Print

Notification: S.O.83 Industrial Consulting Bureau Private Limited, Bombay. This approval takes effect from 27-2-1976.

Notification: S.O.4065 Date of Issue: 25/10/1976

October 25, 1976 232 Views 0 comment Print

Notification: S.O.4065 In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Jawan

Notification: S.O.4064 Date of Issue: 25/10/1976

October 25, 1976 379 Views 0 comment Print

Notification: S.O.4064 Section(s) Referred: 10 ,10(23C) ,10(23C)(iv) Statute: INCOME TAX Date of Issue: 25/10/1976 In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following funds for the purpose of the said section for and from the assessment year(s) 1976-77.

Notification: S.O.4063 Date of Issue: 25/10/1976

October 25, 1976 313 Views 0 comment Print

Notification: S.O.4063 In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ‘Amalgamated Tamilnadu Shares of Post War Services Reconstruction and Rehabilitation of Ex-servicemen Fund’, for the purpose of the said section for and from the assessment ye

Notification: S.O.4676 Date of Issue: 18/10/1976

October 18, 1976 216 Views 0 comment Print

Notification: S.O.4676 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Digamber Jain Atishya Kshetr

Notification: S.O.4675 Date of Issue: 18/10/1976

October 18, 1976 235 Views 0 comment Print

Notification: S.O.4675 In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Dhyneshwar Maharaj Sa

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