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.
Income Tax : The article explains the Pink Tax, its impact on women in India, factors behind gender-based pricing and measures to promote trans...
Income Tax : Learn the legal framework for trust formation, registration, governance, compliance, trustees' duties and beneficiary rights under...
Income Tax : Income-tax Act, 2025 renumbers transfer pricing provisions to Sections 161–173 and introduces Block Transfer Pricing Assessment ...
Income Tax : The article explains common TDS mismatches, AIS reconciliation, tax regime selection and steps salaried taxpayers should take befo...
Income Tax : Academic paper examines re-enactment of Section 363(8), ITA 2025, and discusses Supreme Court rulings on Section 254(2A) and legis...
Income Tax : Finance Ministry reports LTCG tax revenue, clarifies FPI Government Securities tax exemption from 1 April 2026, and says no LTCG r...
Income Tax : Finance Ministry says no proposal exists to scrap LTCG tax and outlines SEBI investor awareness, grievance redressal and market pr...
Income Tax : Finance Ministry says Section 43B(h) allows deduction for dues to micro and small enterprises only on actual payment beyond the 45...
Income Tax : ITAT Bangalore restored the appeal after holding that mere upload of an order on the ITBA portal is not valid service under Sectio...
Income Tax : Direct tax collections as on 13 July 2026 show 16.11% growth in gross collections and 16.40% growth in net collections over the pr...
Income Tax : ITAT Delhi quashed a Section 263 revision, holding it was barred by limitation as the revision concerned issues outside the reasse...
Income Tax : ITAT allowed deduction under Section 80P(2)(d) on interest and dividend earned from cooperative banks by a credit cooperative soci...
Income Tax : Gujarat HC quashed Section 148 reassessment, holding it was based on presumptions despite the company's clean-slate acquisition an...
Income Tax : Gujarat HC upheld a Section 148 notice, holding reassessment valid where unexplained property investment and cash payment warrante...
Income Tax : Gujarat HC upheld the Tribunal's order granting Section 12AB registration, holding the Trust's main objects were for the benefit o...
Income Tax : CBDT Notification No. 96/2026 notifies specified income of Kerala Headload Workers Welfare Board under Section 11 for tax years 20...
Income Tax : CBDT Notification No. 95/2026 grants Section 10(46) exemption to Kerala Headload Workers Welfare Board, subject to specified condi...
Income Tax : CBDT Notification No. 94/2026 amends Rule 157 of the Income-tax Rules, 2026 by revising the definition of “specified fund” wit...
Income Tax : CBDT Notification No. 93/2026 grants Schedule III read with Section 11 exemption to District Legal Service Authority, Jind for tax...
Income Tax : CBDT Notification No. 92/2026 grants Section 10(46) exemption to District Legal Service Authority, Jind, subject to specified cond...
ITAT held that a society registered under the Karnataka Societies Registration Act cannot be taxed at the maximum marginal rate under Section 167B.
ITAT held that interest earned from scheduled and co-operative banks was attributable to the society’s business of providing credit facilities and qualified for deduction under Section 80P(2)(a)(i).
ITAT held that remuneration to trustees must be examined for reasonableness and cannot be disallowed merely because it was paid to specified persons.
ITAT held that a BSNL employee absorbed from DoT is entitled to exemption for ex gratia and leave encashment by treating the employee as a Central Government employee.
ITAT held that foreign tax credit cannot be denied solely because Form No. 67 was filed after the return, subject to verification by the Assessing Officer.
ITAT directed the AO to verify Form 26AS and the corresponding income before deciding the TDS credit claim instead of denying it outright.
ITAT held that Section 54F deduction cannot be denied where capital gains are invested in a residential house within the prescribed period despite non-deposit in the Capital Gains Account Scheme.
ITAT confirmed the Section 69A addition after the assessee failed to produce evidence identifying the alleged farmers or explaining the source of ₹23 lakh.
ITAT remanded the matter after holding that the CIT(A) passed a non-speaking order without giving reasons or properly considering the assessee’s submissions.
ITAT Jaipur held that exemption under Section 11 cannot be denied merely because Form 10B was filed late when it was already available before processing the return under Section 143(1). The Tribunal allowed the trust’s appeal and directed grant of the exemption.
