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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


Checklist for Filing Income Tax Return (ITR) for AY 2024-25

Income Tax : Ensure a hassle-free Income Tax Return (ITR) filing for AY 2024-25 with our checklist. Learn about necessary documents, deadlines,...

April 17, 2024 9693 Views 0 comment Print

Section 43B(h) and MSME Complete Guide

Income Tax : Learn about Section 43B(h) of the Income Tax Act and its implications for timely payments to Micro and Small Enterprises (MSEs) in...

April 17, 2024 147 Views 0 comment Print

Section 271B: How to Safeguard Against Audit Penalty

Income Tax : Dive into Section 271B's mandates, penalties, and exemptions under the Income Tax Act. Explore real cases, challenges, and strateg...

April 17, 2024 3837 Views 0 comment Print

Taxability of Offshore Indirect Transfer of Capital Assets situated in India by Non-Resident Corporations/Entities

Income Tax : Learn about tax implications of offshore indirect transfers of Indian capital assets by non-resident entities. Explore Vodafone ca...

April 17, 2024 402 Views 0 comment Print

Tax on House Property Income: Self-Occupied, Let-Out & Inherited Properties

Income Tax : Learn about income from house property, including self-occupied, let-out, and inherited properties. Explore tax implications, dedu...

April 17, 2024 1905 Views 0 comment Print


Latest News


CBDT signs record 125 Advance Pricing Agreements (APAs) in FY 2023-24

Income Tax : CBDT achieves a record 125 APAs in FY 2023-24, marking a 31% increase. Learn about the significance and impact on transfer pricing...

April 17, 2024 165 Views 0 comment Print

Income Tax Return Filing Initiation from 1st April: Enhancing Taxpayer Services

Income Tax : Discover how the Income Tax Department's initiative to open filing on day one of the financial year streamlines processes, boosts ...

April 10, 2024 1029 Views 0 comment Print

CBDT Clarifies on Misleading Reports on HRA Claims

Income Tax : Ministry of Finance addresses misconceptions regarding CBDT's supposed special drive to reopen cases related to HRA claims, clarif...

April 9, 2024 24285 Views 0 comment Print

Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024

Income Tax : CBDT has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year...

April 5, 2024 7092 Views 0 comment Print

Income Tax Returns Invalid if Unverified Within Time Limit: CBDT

Income Tax : Stay updated with the latest notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes regar...

April 4, 2024 3747 Views 0 comment Print


Latest Judiciary


Madras HC Quashes Faceless Assessment Order: Assessee Denied Hearing Button Click

Income Tax : In Bay-Forge Pvt Ltd vs ACIT, Madras HC quashes assessment order due to failure to click hearing button. Detailed analysis of refu...

April 17, 2024 162 Views 0 comment Print

Section 263 Inapplicable if Detailed Enquiry Conducted & No Prejudice to Revenue Interests

Income Tax : Discover the case of Brahmaputra Property Hub Private Limited Vs ITO (ITAT Guwahati) regarding Section 263 of the Income Tax Act, ...

April 17, 2024 159 Views 0 comment Print

No Addition without Incriminating Material for completed/unabated Assessment Years

Income Tax : Explore the case of DCIT Vs. Bengal Brahmaputra Realty Limited (ITAT Guwahati) and understand the significance of incriminating ma...

April 17, 2024 201 Views 0 comment Print

Time limit extension benefit available even for filing of Form No.10AB: ITAT Chennai

Income Tax : ITAT Chennai held that rejection of application in Form No. 10AB for seeking approval u/s. 80G(5)(iii) of the Income Tax Act by tr...

April 17, 2024 318 Views 0 comment Print

Cash Sales Already Reported as Income Cannot Be Taxed Under Pretext of Inflation Sales to Mask Demonetization Currency

Income Tax : ITAT Delhi held that that cash sales that is already offered as income cannot be taxed in the grab of inflation sales to cover up ...

April 17, 2024 225 Views 0 comment Print


Latest Notifications


Central Govt Approves Amul R&D Association for Tax Benefits

Income Tax : Notification No. 38/2024-Income Tax: Central Government approves Amul Research and Development Association for tax benefits under ...

April 10, 2024 435 Views 1 comment Print

Interim Action Plan FY 2024-25 of Income Tax Department

Income Tax : Detailed guidelines from the Central Board of Direct Taxes for the interim action plan FY 2024-25. Learn about key result areas, t...

April 8, 2024 4017 Views 0 comment Print

Functionality for Verification of High Risk Refund Cases for Investigation wing users at Insight

Income Tax : Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navi...

April 2, 2024 570 Views 0 comment Print

Functionality for Verification of High-Risk Refund Cases for Jurisdictional Assessing Officer at Insight

Income Tax : Discover how jurisdictional assessing officers verify high-risk refund cases with Insight Instruction No. 77. Learn the SOP and st...

April 2, 2024 1341 Views 0 comment Print

Functionality for Verification of High Risk Refund Cases for TDS charge officers

Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...

April 2, 2024 348 Views 0 comment Print


Latest Posts in Income Tax

Checklist for Filing Income Tax Return (ITR) for AY 2024-25

April 17, 2024 9693 Views 0 comment Print

Ensure a hassle-free Income Tax Return (ITR) filing for AY 2024-25 with our checklist. Learn about necessary documents, deadlines, and precautions to take.

Section 43B(h) and MSME Complete Guide

April 17, 2024 147 Views 0 comment Print

Learn about Section 43B(h) of the Income Tax Act and its implications for timely payments to Micro and Small Enterprises (MSEs) in India, including verification steps and best practices.

Madras HC Quashes Faceless Assessment Order: Assessee Denied Hearing Button Click

April 17, 2024 162 Views 0 comment Print

In Bay-Forge Pvt Ltd vs ACIT, Madras HC quashes assessment order due to failure to click hearing button. Detailed analysis of refusal for hearing opportunity.

Section 263 Inapplicable if Detailed Enquiry Conducted & No Prejudice to Revenue Interests

April 17, 2024 159 Views 0 comment Print

Discover the case of Brahmaputra Property Hub Private Limited Vs ITO (ITAT Guwahati) regarding Section 263 of the Income Tax Act, 1961. Learn why detailed inquiry matters.

No Addition without Incriminating Material for completed/unabated Assessment Years

April 17, 2024 201 Views 0 comment Print

Explore the case of DCIT Vs. Bengal Brahmaputra Realty Limited (ITAT Guwahati) and understand the significance of incriminating material in income tax assessments for completed or unabated years.

Time limit extension benefit available even for filing of Form No.10AB: ITAT Chennai

April 17, 2024 318 Views 0 comment Print

ITAT Chennai held that rejection of application in Form No. 10AB for seeking approval u/s. 80G(5)(iii) of the Income Tax Act by treating it as time barred under gist that CBDT circular no. 22/2022 dated 01.11.2022 didn’t provide extension of time limit is unjustified.

Cash Sales Already Reported as Income Cannot Be Taxed Under Pretext of Inflation Sales to Mask Demonetization Currency

April 17, 2024 225 Views 0 comment Print

ITAT Delhi held that that cash sales that is already offered as income cannot be taxed in the grab of inflation sales to cover up demonetization currency. Accordingly, addition u/s. 68 of the Income Tax Act directed to be deleted.

CBDT signs record 125 Advance Pricing Agreements (APAs) in FY 2023-24

April 17, 2024 165 Views 0 comment Print

CBDT achieves a record 125 APAs in FY 2023-24, marking a 31% increase. Learn about the significance and impact on transfer pricing certainty and ease of doing business.

Section 271B: How to Safeguard Against Audit Penalty

April 17, 2024 3837 Views 0 comment Print

Dive into Section 271B’s mandates, penalties, and exemptions under the Income Tax Act. Explore real cases, challenges, and strategies for adherence.

Taxability of Offshore Indirect Transfer of Capital Assets situated in India by Non-Resident Corporations/Entities

April 17, 2024 402 Views 0 comment Print

Learn about tax implications of offshore indirect transfers of Indian capital assets by non-resident entities. Explore Vodafone case, amendments to Income Tax Act, and Explanation 5 of Section 9(1)(i).

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