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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


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 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 33 Views 0 comment Print

Donation to Political Parties: Legal Framework & Tax Implications

Income Tax : Understand the legal framework and tax implications of political donations in India, including key sections like 80GGB, 80GGC, and...

August 16, 2024 864 Views 0 comment Print

Income Tax Calculator Financial Year 2024-25

Income Tax : Explore the Income Tax Calculator for the Financial Year 2024-25, offering insights on tax planning, deductions, and regime sugges...

August 16, 2024 34626 Views 22 comments Print

Importance of Show-Cause Notices: Key Insights & Case Laws

Income Tax : Learn the importance of show-cause notices, their legal implications, and how to respond effectively to protect your rights. Explo...

August 16, 2024 492 Views 0 comment Print


Latest News


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

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 12, 2024 486 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 12, 2024 261 Views 0 comment Print

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 12, 2024 462 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 3039 Views 0 comment Print


Latest Judiciary


Construction of new dwelling unit eligible for Section 54F deduction: ITAT Chennai

Income Tax : ITAT Chennai held that construction of new dwelling unit on first floor is eligible for deduction under section 54F of the Income ...

August 18, 2024 15 Views 0 comment Print

No Section 56(2)(x) addition if Market Value Difference Is Within 10% tolerance limit

Income Tax : ITAT Mumbai grants relief to Tarun Mohan Jani, ruling that property valuation difference within 10% tolerance limit doesn't warran...

August 18, 2024 48 Views 0 comment Print

Audit Report Not Mandatory with Return; Can Be Filed Before Assessment Completion: Delhi HC

Income Tax : Delhi High Court quashes reassessment notices for AYs 2013-14 and 2014-15, citing procedural lapses and lack of valid grounds unde...

August 18, 2024 78 Views 0 comment Print

Section 14A Disallowance Unsustainable if Incorrectness of Claim Unproven: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that the AO must record a proper satisfaction regarding the incorrectness of the assessee’s claim before inv...

August 18, 2024 42 Views 0 comment Print

Ex-Parte Order Without Adjudication on Merits is Unsustainable: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that passing of ex-parte order by CIT(A) without adjudicating issues on merits, such order is not sustainable ...

August 18, 2024 57 Views 0 comment Print


Latest Notifications


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 2973 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 6669 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 279 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 No. 98/2024 Income Tax Exemption for Karnataka Disaster Centre

Income Tax : CBDT notifies Karnataka State Natural Disaster Monitoring Centre for tax exemptions on specific incomes. Effective for AY 2021-22 ...

August 7, 2024 732 Views 0 comment Print


Notification: S.O.1017 Date of Issue: 20/1/1976

January 20, 1976 244 Views 0 comment Print

Notification: S.O.1017 Indian Institute of Foreign Trade, New Delhi. This notification will be effective from 1st April, 1975

Notification: S.O.964 Date of Issue: 15/1/1976

January 15, 1976 424 Views 0 comment Print

Notification: S.O.964 It is hereby notified for general information that the institution mentioned below has been approved by Secretary, Department of Science & Technology,

Notification: S.O.963 Date of Issue: 15/1/1976

January 15, 1976 418 Views 0 comment Print

Notification: S.O.963 It is hereby notified for general information that the institution mentioned below has been approved by Secretary, Department of Science & Technology, the

Notification: S.O.4565 Date of Issue: 15/1/1976

January 15, 1976 3096 Views 0 comment Print

Notification: S.O.4565 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for research purposes only. The

Duties & Functions of an Inspector in the Department

January 13, 1976 49630 Views 0 comment Print

Having reviewed the role of Inspector in the present day set-up of the Department the Board have compiled a new list of duties and functions of Inspector which is enclosed herewith. You are requested to see that Inspectors in your charge are assigned duties and functions strictly in accordance with this list. This instruction contained in the Inspector’s Manual and various circulars/ instruction of the Board issued up-to-date may be considered to have been modified accordingly.

Circular No. 188-Income Tax dated 6-1-1976

January 6, 1976 591 Views 1 comment Print

Circular : No. 188 -Income Tax Under rule 6(b ) of Part A of the Fourth Schedule interest credited on the balance to the credit of an employee participating in a recognised provident fund is exempt from income-tax, to the extent it does not exceed one-third of the employee’s salary for the relevant year or is not allowed at a rate exceeding that fixed by the Central Government in this behalf by notification in the Official Gazette. Under Notification No. SO 225(E), dated 30-3-1974 [printed

Notification: S.O.1019 Date of Issue: 6/1/1976

January 6, 1976 273 Views 0 comment Print

Notification: S.O.1019 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 Vengeeswarar Alagapperumal and Nagathamman Temple, Kodambakkam, Madras-26, to be a place of public worship of renown througho

Notification: S.O.961 Date of Issue: 1/1/1976

January 1, 1976 373 Views 0 comment Print

Notification: S.O.961 It is hereby notified for general information that the institution mentioned below has been approved by Secretary, Department of Science & Technology, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This notification is eff

Notification: S.O.960 Date of Issue: 1/1/1976

January 1, 1976 334 Views 0 comment Print

Notification: S.O.960 It is hereby notified for general information that the institutions mentioned below has been approved by Secretary, Department of Science & Technology, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This notification effect

Notification: S.O.959 Date of Issue: 31/12/1975

December 31, 1975 343 Views 0 comment Print

Notification: S.O.959 It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-sectio

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