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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


Significant Economic Presence

Income Tax : Learn about Significant Economic Presence (SEP) under the Income Tax Act, 1961, its applicability, impact on non-residents, and re...

May 4, 2024 237 Views 0 comment Print

Old vs. New Tax Regime: Filing Income Tax Return & Form 10-IEA

Income Tax : Article explains differences between old and new tax regimes, filing income tax returns, and Form 10-IEA, Difference Between Incom...

May 4, 2024 5625 Views 1 comment Print

Form 10F: Applicability, Requirement & Filing Process

Income Tax : Article explains about Form 10F, its importance, requirements, and step-by-step process to obtain and file it online for tax relie...

May 4, 2024 942 Views 0 comment Print

FAQ’s generally asked while Filing Income Tax Return

Income Tax : Get answers to common FAQs about filing Income Tax Returns, from TCS refunds on car purchases to HRA exemptions and disclosing sto...

May 3, 2024 2127 Views 0 comment Print

Claiming Foreign Tax Credit (FTC) in Indian Tax Return through Form 67

Income Tax : Understand how to claim Foreign Tax Credit in India through Form 67. Learn the criteria, due dates, steps, and essential tips for ...

May 3, 2024 546 Views 0 comment Print


Latest News


CBI Arrests Mumbai Income Tax Officer for Bribery, Rs. 4 Lakh Seized

Income Tax : CBI) made a significant arrest today in Mumbai, apprehending an Income Tax Officer caught red-handed accepting a bribe of Rs. 4.00...

May 4, 2024 933 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba

Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...

May 2, 2024 5787 Views 1 comment Print

Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

Income Tax : Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on ...

April 29, 2024 1083 Views 0 comment Print

CBDT Circular No. 6/2024: Relief Measure for Inoperative PAN

Income Tax : CBDT Circular No. 6/2024 offers relief for Inoperative PANs. No tax liability for deductors/collectors if PAN becomes operative by...

April 29, 2024 5196 Views 2 comments Print

Relief to Taxpayers from Tax Demand raised due to Inoperative PAN, Date Extended till 31.05.2024

Income Tax : CBDT Circular No. 6/2024 extends relief to taxpayers from tax demands arising from inoperative PANs. Learn about the conditions an...

April 25, 2024 5382 Views 2 comments Print


Latest Judiciary


High Court Quashes Invalid Notice & Order: AO Lacks Jurisdiction

Income Tax : In Nimir Kishore Mehta Vs ACIT, Bombay High Court invalidates notice & order under Section 148A(b), ruling AO lacked jurisdiction....

May 4, 2024 81 Views 0 comment Print

‘Transit Rent’ not liable to tax so no TDS deductible on it under Section 194I

Income Tax : Explore implications of Bombay High Court's ruling on TDS deduction under Section 194I for 'Transit Rent'. Get insights into judgm...

May 4, 2024 72 Views 0 comment Print

Analysis of Hexaware Technologies Limited Vs ACIT: Bombay High Court Ruling

Income Tax : Hexaware Technologies Limited Vs ACIT (Bombay High Court) The case of Hexaware Technologies Limited Vs ACIT, heard in the Bombay H...

May 4, 2024 90 Views 0 comment Print

Section 148 Notice Invalid; Should Have Followed Faceless Regime: Section 151A

Income Tax : Detailed analysis of Bombay High Court's ruling on Hexaware Technologies Ltd vs ACIT. Invalid notice under Section 148 scrutinized...

May 3, 2024 1275 Views 0 comment Print

Section 80IAB Deduction Admissible on Enhanced Profits from Disallowance

Income Tax : Understand the significance of deductions under Chapter-VIA of the Income Tax Act in the case of Jubilant Infrastructure Ltd. Vs A...

May 3, 2024 129 Views 0 comment Print


Latest Notifications


CBDT Extends Due Dates: Form No. 10A/10AB Filing upto 30th June, 2024

Income Tax : Get insights on Circular No. 7/2024 issued by CBDT, extending due dates for filing Form No. 10A/10AB under the Income-tax Act, 196...

April 25, 2024 21741 Views 0 comment Print

Section 10(46) Notification: Kerala Autorickshaw Workers Welfare Fund Scheme

Income Tax : Explore Notification No. 41/2024-Income Tax regarding Kerala Autorickshaw Welfare Fund Scheme, Kollam. Analysis, impact, and impli...

April 25, 2024 213 Views 0 comment Print

CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

Income Tax : Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes oper...

April 23, 2024 44610 Views 2 comments Print

Notification under Section 80G(2)(b) for Shree Ramanuj Kot Trust Indore

Income Tax : Explore the notification under section 80G(2)(b) of the Income Tax Act 1961 for Shree Ramanuj Kot Trust in Indore. Details of vali...

April 23, 2024 327 Views 0 comment Print

Notification No. 39/2024-Income Tax, Dated: 22.04.2024

Income Tax : Discover the significant amendments in Income Tax regulations by the Ministry of Finance, Department of Revenue, Central Board of ...

April 22, 2024 36900 Views 0 comment Print


Claiming Foreign Tax Credit (FTC) in Indian Tax Return through Form 67

May 3, 2024 546 Views 0 comment Print

Understand how to claim Foreign Tax Credit in India through Form 67. Learn the criteria, due dates, steps, and essential tips for efficient tax filing.

Employer’s Voluntary Ex-gratia Compensation not taxable U/s. 17(3)(i): ITAT Delhi

May 3, 2024 1272 Views 0 comment Print

ITO Vs Avirook Sen (ITAT Delhi) The case of ITO Vs Avirook Sen (ITAT Delhi) revolves around the taxation of voluntary ex-gratia compensation paid by an employer to an employee after termination from service. The Revenue contested the deletion of an addition of Rs. 2,13,08,444/- by the CIT(A). The crux of the dispute lies in […]

Fourth Head of Income under Income Tax Act, 1961: Capital Gains

May 2, 2024 1110 Views 0 comment Print

Learn about Capital Gains under the Income Tax Act, 1961. Understand what constitutes capital assets, types of transfers, computation methods, and deductions.

Income Tax Implications of Converting Partnership/Proprietorship to Pvt. Ltd

May 2, 2024 1947 Views 0 comment Print

Article explains Income Tax Implication of conversion of Partnership Firm / Proprietorship Firm in to Private Limited Company

No section 68 addition for Share Capital Subscription if assessee submits evidence for source of funds

May 2, 2024 336 Views 0 comment Print

In DCIT vs. CDS Infra Projects Limited, ITAT Delhi ruled no addition under section 68 of Income Tax Act if proper evidence for source of share capital subscription is submitted.

No Section 54 Deduction Without basic Amenities: ITAT Delhi

May 2, 2024 711 Views 0 comment Print

Analysis of ITAT Delhi’s ruling in DCIT vs. Sandeep Hooda clarifies conditions for Income Tax Act 1961 Section 54 deduction eligibility in absence of basic amenities.

AO Can’t reject Assessee’s Valuation Method without Finding Defect

May 2, 2024 342 Views 0 comment Print

Discover ITAT Kolkata ruling in Deep Jyoti Wax Traders Pvt. Ltd vs. ITO, highlighting the importance of assessee chosen valuation method under Rule 11UA(2).

Section 80P(2)(d) Deduction: Dividend from Co-op Banks & Credit Society

May 2, 2024 339 Views 0 comment Print

Explore the case of Mahapalika Kshetra Madhyamik Shikshak Sahakari Pat Sanstha Maryadit vs CIT(A) (ITAT Mumbai) regarding deduction under section 80P(2)(d) of the Income Tax Act.

Addition u/s 68 was justified as assessee’s failed to establish genuineness of transaction with cogent and credible evidence

May 2, 2024 351 Views 0 comment Print

Assessee had miserably failed to establish genuineness of the transaction by cogent and credible evidence and that the investments made in its share capital were genuine.

Live Course on Section 43B(h) by CA Manoj Lamba

May 2, 2024 5787 Views 1 comment Print

Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down intricacies of Section 43B(h)

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