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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


Tax Incentives for Startups & MSMEs – New 2025 Incentives

Income Tax : The Indian government remains married to promoting entrepreneurship and profitable development through duty impulses for startups ...

February 24, 2025 243 Views 0 comment Print

Best Ways to Use Your Tax Saving

Income Tax : Learn how to smartly allocate your tax savings in 2025—repay loans, invest in mutual funds, boost spending, or explore business ...

February 24, 2025 357 Views 0 comment Print

Complete Guide to PAN: Uses, Structure and Non-Compliance Penalties

Income Tax : A PAN (Permanent Account Number) is a unique 10-character alphanumeric identifier issued by the Income Tax Department of India to ...

February 24, 2025 216 Views 0 comment Print

USA Taxation, 2024: Updated guidelines for Corporates

Income Tax : Understand USA corporate tax in 2024, including tax rates, filing deadlines, estimated payments, EINs, and penalties. Stay complia...

February 24, 2025 444 Views 0 comment Print

Development Agreement Signing Doesn’t Trigger Capital Gains Tax Without Actual Transfer: Telangana HC

Income Tax : Telangana HC clarified that capital gains tax applies only when ownership or possession is transferred along with consideration....

February 24, 2025 651 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 8775 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 10182 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 20004 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 1146 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 168 Views 0 comment Print


Latest Judiciary


Mere operational links or subsidiary relationships do not confer PE status: Delhi HC

Income Tax : Delhi High Court examines Nokia Network OY’s Permanent Establishment (PE) status in India, addressing taxation on software reven...

February 24, 2025 48 Views 0 comment Print

Mechanical Section 153D Approval Vitiates Proceedings: ITAT Lucknow

Income Tax : ITAT Lucknow quashed assessments in Shri Navin Jain vs. DCIT, citing mechanical approval under Section 153D. Read key details and ...

February 23, 2025 897 Views 0 comment Print

FTC Denial for mere delayed form 67 submission not justified: ITAT Pune

Income Tax : ITAT Pune rules on Foreign Tax Credit (FTC) in JCIT (OSD) Vs Raj Surendra Mohan Hajela, addressing the delay in Form 67 submission...

February 23, 2025 207 Views 0 comment Print

Section 50C Applies to Land Transfers, Not Land Rights: Karnataka HC

Income Tax : Karnataka High Court ruled on V.S. Chandrashekar vs. ACIT regarding tax treatment of land transactions, applicability of Section 5...

February 23, 2025 1566 Views 0 comment Print

Tax Authorities Should Assess Stay Applications Individually, Not Apply Blanket 20% Deposit Rule

Income Tax : Chhattisgarh High Court rules on Aarti Sponge & Power Ltd. vs. ACIT-2(1), addressing the 20% pre-deposit requirement for stay of t...

February 23, 2025 810 Views 0 comment Print


Latest Notifications


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 8721 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 7470 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 885 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 139971 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 258 Views 0 comment Print


ITAT Reduces Gross Margin on Unaccounted Cash Receipts to 6% Considering All Facts

January 18, 2025 384 Views 0 comment Print

Summary of appeal challenging CIT(A) order on income tax assessment for AY 2013-14. Key issues include Section 147 validity and profit estimation.

ITAT Restores Ex Parte Assessment Order U/s.144 Due to Assessee’s Old Age

January 18, 2025 354 Views 0 comment Print

ITAT Delhi remits Vinod Kumar Garg’s 2012-13 tax assessment case back to AO for reevaluation. Key issues include unexplained investments and procedural lapses.

Directs AO to Reassess ₹92 Lakh Addition & Determine Commission on Accommodation Entry

January 18, 2025 315 Views 0 comment Print

ITAT Ahmedabad narrows PCIT’s directions under Section 263 in Vimal Agarwal’s tax case for AY 2014-15, limiting inquiry to commission on ₹92 lakh entry.

If Expenditure is not Claimed in P&L Account, Disallowance is not Applicable

January 18, 2025 627 Views 0 comment Print

ITAT Delhi allows appeal against disallowance of contingent liabilities under Section 37, ruling no expenses were claimed in P&L Account for AY 2021-22.

₹2.25 crore Unexplained Cash Deposit addition: ITAT Directs fresh Hearing

January 18, 2025 480 Views 0 comment Print

Summary of an appeal against a CIT(A) order confirming additions under Section 69A for AY 2017-18. Directions issued for de-novo proceedings.

Technical Glitches on ITBA Portal: ITAT Remands Case to CIT(A) for Adjudication on Merits  

January 18, 2025 207 Views 0 comment Print

ITAT Ahmedabad remands Bholaram Education Society’s tax appeal for fresh hearing after procedural lapses in notices and portal access issues.

ITAT Delhi Remits Case to CIT(A) for Fresh Review Due to Lack of Reasoning in order

January 18, 2025 513 Views 0 comment Print

The ITAT Delhi has remitted Pragya Thareja’s case for fresh adjudication by CIT(A) due to lack of detailed reasoning in the earlier order for AY 2014-15.

Reopening Proceedings for Verification Without Substantive Reason Is Legally Invalid

January 18, 2025 345 Views 0 comment Print

ITAT Delhi quashes reopening of assessment for verification in JHM Developers Pvt Ltd vs ITO case, ruling it legally invalid.

Non-Compliance with Notices: ITAT Restores Trust Registration Matter to CIT(E) for Review

January 18, 2025 351 Views 0 comment Print

ITAT restores matter of trust registration under IT Act to CIT(E) for fresh consideration due to non-compliance with notices, after rejecting earlier application.

ITAT Remands Unsecured Loan Case to CIT(A) for Fresh Review

January 18, 2025 342 Views 0 comment Print

ITAT remands the matter of unsecured loan addition to CIT(A) for fresh consideration after non-admittance of evidence in the case of Amitkumar Patel.

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