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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


Residential Status of An Assessee in Income Tax Act, 1961

Income Tax : Learn how residential status affects tax liability under the Income Tax Act, 1961. Understand ROR, RNOR, and NR classifications an...

February 27, 2025 27 Views 0 comment Print

Section 87A Rebate post Bombay High Court Judgement

Income Tax : Bombay High Court, in Chamber of Tax Consultants v. Director General of Income Tax (Systems) (2025), ruled that flaws in the ITR u...

February 27, 2025 903 Views 0 comment Print

Co-Browsing for Taxpayers: Easy ITR Filing Assistance

Income Tax : Co-browsing helps taxpayers file ITR, change settings, and navigate the tax portal with real-time help from agents. Secure, free, ...

February 27, 2025 120 Views 0 comment Print

Understanding Income Tax Brackets & Deductions: A Detailed Analysis

Income Tax : This article provides an in-depth analysis of India's tax brackets, key deductions, and recent amendments to income tax laws, help...

February 27, 2025 141 Views 0 comment Print

Income From Other Sources: Chargeability Under Section 56

Income Tax : This blog explores the chargeability of Income from Other Sources (IFOS) under Section 56, its scope, types of income covered, tax...

February 27, 2025 126 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 9708 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 10695 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 20097 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 1203 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


Services without transfer of any technical knowledge doesn’t qualify as FTS: ITAT Mumbai

Income Tax : ITAT Mumbai held that receipts from maintenance and support services and additional services, without transfer of any technical kn...

February 27, 2025 33 Views 0 comment Print

Valuation of finished goods after following stock ageing effect justifiable

Income Tax : The assessee is engaged in the business of Manufacturing & Trading of Sarees, Salwar Suites and Dress Materials. A survey u/s 133A...

February 27, 2025 42 Views 0 comment Print

Capital expense on R&D outside India is eligible for deduction u/s. 35(1)(iv): ITAT Pune

Income Tax : AO in the final order passed on 19.01.2017 however, made disallowance of weighted deduction u/s 35(2AB) to the extent of 3,38,82,3...

February 27, 2025 24 Views 0 comment Print

No Substantial Question of Law in Profit Estimation on Bogus Purchases: Bombay HC

Income Tax : Bombay High Court rules that profit estimation in bogus purchases does not raise a substantial question of law, dismissing the Inc...

February 27, 2025 105 Views 0 comment Print

Resorting to estimation of profit without rejection of books not justified: ITAT Hyderabad

Income Tax : ITAT Hyderabad held that resorting to estimation of profit in case of best judgement assessment without rejection of books of acco...

February 27, 2025 57 Views 0 comment Print


Latest Notifications


Select Committee of Lok Sabha to examine Income-Tax Bill, 2025

Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...

February 27, 2025 132 Views 0 comment Print

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 1797 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 10164 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 7950 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 915 Views 0 comment Print


Addition Unwarranted as Settlement Commission Accepted Surrendered Amount

October 28, 2023 558 Views 0 comment Print

ITAT Ahmedabad held that addition towards unexplained expenditure unsustainable as impugned amount has already been surrendered by the firm and accepted by the Settlement Commission.

Income Tax Certificate of lower/no deduction of tax at source

October 28, 2023 24522 Views 1 comment Print

Explore the process of obtaining a lower or no TDS certificate in India. Learn who can apply, eligible income categories, application steps, and more.

Relief under Section 90 and Form 67 in Indian Income Tax: A Guide and Consideration for Belated Filing

October 28, 2023 4740 Views 0 comment Print

Explore Indian Income Tax Section 90 & Form 67 for foreign tax relief. Learn about belated filing, rules, and ITAT judgments. Expert insights and guidance.

No Tax Deduction: Form 15G and Form 15H Declarations

October 28, 2023 5967 Views 0 comment Print

Learn about the rules for non-deduction of tax using Form 15G and Form 15H. Explore who can file these declarations, submission processes, and key points.

TDS on Immovable Property Purchase: Section 194IA Explained

October 28, 2023 7542 Views 2 comments Print

Learn about TDS on the purchase of immovable property in India under Section 194IA. Understand the rules, rates, and consequences for non-compliance.

Understanding Equalisation Levy: Online Advertising & E-commerce

October 28, 2023 64326 Views 2 comments Print

Explore the intricacies of Equalisation Levy in India. Learn about online advertising, e-commerce, rates, exemptions, and compliance in this detailed guide.

Understanding Higher TDS Rates: Section 206AA and 206AB

October 28, 2023 16650 Views 0 comment Print

Explore how Section 206AA and Section 206AB impact TDS rates. Learn when higher rates apply, exemptions for non-residents, and get answers to key questions.

Accessing Taxpayer Information Summary (TIS) Online

October 28, 2023 4317 Views 0 comment Print

Learn how to access Taxpayer Information Summary (TIS) online, verify annual financial data, and ensure accurate tax filings with step-by-step guidance.

Difference Between PAN Card and TAN Number

October 27, 2023 2856 Views 0 comment Print

Understand the difference between PAN card and TAN number in India for your business. Tax account deduction number (TAN) and permanent account number (PAN) Card are explained, so you can meet compliance requirements.

Understanding Agricultural Income: Tax Exemptions & Definitions

October 27, 2023 5859 Views 0 comment Print

This detailed analysis provides insights into the concept of agricultural income and its exemptions under the Income Tax Act in India. Understand what qualifies as agricultural income and the associated tax benefits.

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