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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


Cryptocurrency Taxation in India: Key Challenges

Income Tax : Explore cryptocurrency taxation in India, including tax rates, GST ambiguities, compliance issues, and the need for a clear regula...

February 26, 2025 282 Views 0 comment Print

Updated Income Tax Return (ITR-U)/Belated Return u/s 139(8A): A Detailed Overview Post Budget 2025

Income Tax : The Updated Income Tax Return (ITR-U) is a recent provision introduced under Section 139(8A) of the Income Tax Act, 1961. This pro...

February 26, 2025 849 Views 0 comment Print

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 321 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 504 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 228 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 9555 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 10572 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 20079 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 1200 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


ITAT allows Section 54B Exemption: Partial Agricultural Use Sufficient

Income Tax : ITAT Jodhpur ruled in favor of Arun Agarwal, allowing exemption under Section 54B for agricultural land sale, emphasizing that par...

February 27, 2025 18 Views 0 comment Print

Section 54F Deduction Cannot Be Denied for Delay in Flat Handover if Compliances Are Met

Income Tax : ITAT Delhi rules in favor of the assessee, allowing Section 54F deduction despite builder delays. Revenue’s appeal dismissed cit...

February 27, 2025 978 Views 0 comment Print

Addition of entire bank receipts without verification was unjustified: ITAT Raipur

Income Tax : ITAT Raipur held that adding entire bank receipts without inquiries from parties is unjustified. Case remanded for further examina...

February 27, 2025 24 Views 0 comment Print

ITAT Kolkata Sets Aside CIT(A) Order Over Advance Tax & Merit Non-Consideration

Income Tax : ITAT Kolkata remands Mohammad Amjad Ali Sahaji’s appeal on advance tax non-payment, directing fresh consideration by CIT(A) with...

February 27, 2025 27 Views 0 comment Print

Supreme Court Grants NewsClick One Week Relief on Tax Demand

Income Tax : SC refuses to hear NewsClick’s plea under Article 32 but grants one week relief against coercive action in income tax case. Peti...

February 27, 2025 27 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 1650 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 9672 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 7623 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 909 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 140442 Views 5 comments Print


Delay in filing Form 10AB: ITAT Ahmedabad Directs Reconsideration of 80G Registration

December 14, 2023 6201 Views 0 comment Print

Explore the detailed analysis of ITAT Ahmedabad’s order directing the reassessment of Form 10AB for 80G registration. Insights into the case of Best Buds Pet Care Vs CIT.

Proceedings on representative assessee invalid when principal taxpayer ceases to exist: Delhi HC

December 14, 2023 642 Views 0 comment Print

Delhi High Court deems proceedings invalid for representative assessee when principal taxpayer ceases to exist. Full analysis of CIT vs. Cairnhill Cipef Ltd.

Real Estate Mastery: Tax-Centric Buyer’s Guide Strategic Transactions

December 14, 2023 1311 Views 0 comment Print

Navigate the complexities of real estate transactions with our comprehensive buyer’s guide. From tax implications to strategic insights, empower yourself for a savvy property purchase.

Cash Availability with Different Companies Sufficient to Explain Cash Found during Search

December 13, 2023 828 Views 0 comment Print

Explore ITAT Delhi’s ruling in DCIT vs. Creamy Foods Ltd regarding addition of unexplained cash during a search operation. Learn about explanation provided by assessee.

TCS On Remittance under LRS & Overseas Tour Programme Package

December 13, 2023 3213 Views 2 comments Print

Liberalized Remittance Scheme (LRS) for overseas transactions, learn about TCS under Sec 206C(1G), and ensure compliance for tax-efficient remittances

Discrepancies between books & 26AS: ITAT directed A.O. to reexamine

December 13, 2023 285 Views 0 comment Print

Dive into an income tax appeal against Commissioner’s order. Explore discrepancies, disputed additions, and ITAT Raipur’s direction for reexamination.

Distinct Functions Justify Exclusion of KPO from ITeS Comparisons: Delhi HC

December 13, 2023 831 Views 0 comment Print

Explore Delhi High Court’s nuanced judgment in PCIT vs. Future First Info. Services Pvt. Ltd., emphasizing KPO exclusion in transfer pricing analysis.

Understanding Equalisation Levy: Scope, Rates and Compliance

December 13, 2023 2076 Views 1 comment Print

Explore scope, rates, and compliance of Equalisation Levy introduced by Finance Act, its extension to e-commerce, and key conditions and due dates for levy deposition.

PAN-Aadhaar Linking update: Stats, Consequences and Collection

December 13, 2023 1950 Views 0 comment Print

Introduction: The Government of India, through the Ministry of Finance’s Department of Revenue, has provided essential updates on PAN-Aadhaar linking. Addressing specific queries from Rajya Sabha member Smt. Phulo Devi Netam, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, has shed light on PAN-Aadhaar linkage statistics, inactivation details, consequences, and the […]

ITAT directs AO to consider stamp duty value on allotment date for Section 56(2)(vii)(b) addition

December 13, 2023 7176 Views 0 comment Print

Explore the ITAT Mumbai decision in Rekha Singh vs ITO, directing the consideration of stamp duty value on the date of allotment for Section 56(2)(vii)(b) purposes. Detailed analysis and implications.

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