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India's income tax laws are subject to periodic revisions. Read Our Latest News and Updated on Income-tax, Articles on income tax India to understand income tax slab, Income tax e-filing, income tax refund, income tax return, income tax act, income tax e payment, etc

Latest Articles


Taxation of Derivative and Futures & options (F&O) Transactions

Income Tax : Learn about taxation on derivatives and F&O transactions, their treatment as business income, audit requirements, and presumptive ...

September 17, 2024 3903 Views 0 comment Print

Section 43B(h) of Income Tax Act: MSME Payment Rule

Income Tax : Section 43B(h) mandates timely payment to MSMEs for tax deduction eligibility. Delayed payments will only be deductible after actu...

September 16, 2024 17151 Views 0 comment Print

Restrictions on Cash Payments Under Income Tax Act on certain transactions

Income Tax : Section 40A(3) restricts cash payments exceeding ₹10,000 in business transactions. Exceptions apply for specific cases like tran...

September 10, 2024 2070 Views 0 comment Print

Monthly (September-2024) Legal Obligations + Legal updates for India

CA, CS, CMA : Stay informed with February 2024 legal obligations & updates in India. From Income Tax to GST, understand forms, filing dates, & s...

September 5, 2024 30114 Views 1 comment Print

List of ICDS and its reconciliations with Accounting Standards​

Income Tax : A guide on Income Computation and Disclosure Standards (ICDS) and its reconciliation with Accounting Standards (AS) for taxable in...

September 2, 2024 1509 Views 0 comment Print


Latest News


Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 3516 Views 0 comment Print

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- Sunday�...

February 26, 2024 10083 Views 0 comment Print

Join Live webinar on Taxation Critical Issues & Solution

Income Tax : Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me te...

February 15, 2024 2505 Views 0 comment Print

Join Live Webinar on Understanding TDS on Purchase/Sale of Property

Income Tax : Join the exclusive webinar on Understanding TDS on Purchase/ Sale of Property under Section 194IA of Income Tax Act, 1961. Many ta...

February 15, 2024 4389 Views 0 comment Print

CBDT notifies Income Tax Return Forms for AY 2023-24 well in advance

Income Tax : CBDT notified Income-tax Return Forms (ITR Forms) for Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2...

February 15, 2023 2967 Views 0 comment Print


Latest Judiciary


Initiation of Section 153C Proceedings Beyond Six Years Impermissible: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that AO had no jurisdiction to initiate proceedings u/s. 153C of the Income Tax Act beyond permissible period ...

August 26, 2024 177 Views 0 comment Print

Acceptance or Rejection of Books: An Analysis

Income Tax : Explore the impact of book acceptance or rejection on taxation with insights into grounds for rejection and factors favoring accep...

May 13, 2024 1005 Views 0 comment Print

Denial of  Sections 80G & 12A Registration: Kerala HC directs reconsideration of Application

Income Tax : Kerala High Court overturns rejection of Snehatheeram Charitable Trust's application for 80G certificate under Income Tax Act, 196...

April 12, 2024 1143 Views 0 comment Print

Vehicle Accident Compensation: HC directs consideration of Average Income

Corporate Law : Karnataka High Court considers income variations in compensation assessment. Detailed analysis of Jayashree Vs Mahaningappa & Othe...

March 31, 2024 414 Views 0 comment Print

Addition u/s 68 deleted as genuineness and creditworthiness of lender proved: ITAT Delhi

Income Tax : ITAT Delhi's order on Trident Towers Pvt. Ltd vs ACIT addresses the deletion of addition under section 68 of the Income Tax Act, c...

March 18, 2024 654 Views 0 comment Print


Latest Notifications


Income Tax Exemption for West Bengal Transport Workers Social Security Scheme

Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...

August 12, 2024 129 Views 0 comment Print

AIMCo India Infrastructure Pension Fund Exemption Details

Income Tax : Read about the latest income tax notification specifying AIMCo India Infrastructure Pension Fund for tax exemption under section 1...

July 19, 2024 588 Views 0 comment Print

Notification No. 92/2024-Income Tax Dated: 18th July, 2024

Income Tax : Ministry of Finance amends tax exemption notification, extending the eligible investment deadline to 31st March 2025 under section...

July 18, 2024 270 Views 0 comment Print

Notification No. 91/2024-Income Tax Dated: 18th July, 2024

Income Tax : CBDT Notification 91/2024 extends the deadline for Section 10(23FE) tax exemptions to March 31, 2025. Discover the key changes and...

July 18, 2024 195 Views 0 comment Print

Notification No. 88/2024-Income Tax Dated: 18th July, 2024

Income Tax : Notification 88/2024 amends Income Tax regulations, extending the deadline from March 31, 2024, to March 31, 2025. Updated by CBDT...

July 18, 2024 171 Views 0 comment Print


Income Tax Calculations – With Deduction and Without Deduction

March 22, 2024 3639 Views 1 comment Print

Learn about the intricacies of income tax calculations with and without deductions. Explore tax slabs, deductions, and their impact on your tax liabilities.

Addition u/s 68 deleted as genuineness and creditworthiness of lender proved: ITAT Delhi

March 18, 2024 654 Views 0 comment Print

ITAT Delhi’s order on Trident Towers Pvt. Ltd vs ACIT addresses the deletion of addition under section 68 of the Income Tax Act, citing submission of requisite documents.

Whether Automation has helped either Income Tax Assessees or Department

March 14, 2024 4356 Views 2 comments Print

Explore the effects of automation on taxpayers and the Income Tax Department. Discover the challenges, benefits, and areas for improvement in this detailed analysis.

Have you received the Mismatch Notices from Income Tax?

March 1, 2024 4158 Views 0 comment Print

Explore the Income Tax Departments Mismatch Campaign, its implications, and the complexities faced by taxpayers. Learn how to respond and avoid potential litigation.

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

February 26, 2024 10083 Views 0 comment Print

Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- Sunday  11:00 AM by Advocate Rajbir Singh.

Join Live webinar on Taxation Critical Issues & Solution

February 15, 2024 2505 Views 0 comment Print

Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me tell you how: There are over 12 types of taxes in India, yet our tax collections are only 5% compared to the US (Second largest democracy). Due to this, we lack access to free education, […]

Join Live Webinar on Understanding TDS on Purchase/Sale of Property

February 15, 2024 4389 Views 0 comment Print

Join the exclusive webinar on Understanding TDS on Purchase/ Sale of Property under Section 194IA of Income Tax Act, 1961. Many taxpayers and buyers of property are receiving notices for inadequate deduction of TDS on property. Moreover a large number of home buyers do not know that they have to deduct TDS while making payments […]

Rate of Income Tax in Different Countries

February 8, 2024 1227 Views 0 comment Print

Explore the varying income tax rates across countries, from zero tax nations to those with high rates. Gain insights into historical changes and proposals for tax reform.

Interim Budget 2024 – Personal Taxation – Key Aspects

February 1, 2024 1140 Views 0 comment Print

Explore the significant aspects of the Interim Budget 2024, covering personal tax rates, surcharge updates, old tax demands waiver, and expectations for the final budget.

Deferred Tax: Assets, Liabilities and Re-Verification Methodology

January 25, 2024 2877 Views 2 comments Print

Explore the concept of deferred tax in accounting. Learn about assets, liabilities, and the methodology for re-verifying deferred tax computation.

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