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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


ITAT Allows Final Section 35D Deduction and ESOP Recharge Expense

Income Tax : Bangalore ITAT held that the Revenue cannot deny the fifth-year deduction under Section 35D after consistently allowing the claim ...

June 12, 2026 147 Views 1 comment Print

Section 62(4) of Income-tax Act 2025: Closed List of Specified Professions Remains Unreformed

Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...

June 11, 2026 267 Views 0 comment Print

SC Order Settled the issue of Taxability of International Software Supply Transactions?

Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...

June 11, 2026 333 Views 0 comment Print

Period of limitation prescribed under Income-tax Act, 1961

Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...

June 11, 2026 5730 Views 1 comment Print

ITR Filing 2026: Important Due Dates, Budget 2026 Updates & Strategies

Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...

June 10, 2026 1065 Views 0 comment Print


Latest News


Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion

Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...

June 6, 2026 6082 Views 0 comment Print

ITAT Prioritizes Old Appeals as Rising Pendency Requires Urgent Disposal Measures

Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...

June 5, 2026 234 Views 0 comment Print

Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...

June 4, 2026 1659 Views 0 comment Print

Reduce CASS 2026 Scrutiny Cases Due to New Income Tax Act Transition Challenges: ITGOA

Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...

May 21, 2026 3765 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3975 Views 0 comment Print


Latest Judiciary


No addition regarding commission income earned by PSPL as it was not an undisclosed income

Income Tax : Additions made by attributing the commission income earned by PSPL as undisclosed income of the Assessees were held unsustainable ...

June 12, 2026 12 Views 0 comment Print

Section 127 & 263 Orders Quashed as Assessee Was Denied Fair Hearing During COVID

Income Tax : The High Court held that merely issuing a notice is insufficient if the assessee is not informed of further developments or given ...

June 12, 2026 75 Views 0 comment Print

Kerala HC Condones 676-Day ITAT Appeal Delay Due to Auditor Lapse

Income Tax : The Kerala High Court condoned a 676-day delay in filing an ITAT appeal after finding that the assessee had bona fide relied on it...

June 12, 2026 87 Views 0 comment Print

ITAT Allows Indexation on Construction Cost as Sale Deed Already Contained Building Details

Income Tax : The Chennai ITAT ruled that indexation benefits under Section 48 cannot be denied when construction details are already part of th...

June 12, 2026 78 Views 0 comment Print

ITAT Deletes Bogus Purchase Addition as Cross-Examination Was Not Granted

Income Tax : The Tribunal observed that reliance on third-party statements without providing cross-examination rendered the additions legally u...

June 12, 2026 84 Views 0 comment Print


Latest Notifications


CBDT Issues Complete Income Tax Scrutiny Guidelines for FY 2026-27

Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...

June 7, 2026 45936 Views 1 comment Print

Income-Tax (Amendment) Commencement Ordinance, 2026

Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...

June 6, 2026 603 Views 0 comment Print

CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act 2025

Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...

June 2, 2026 507 Views 0 comment Print

CBDT Approves National Institute of Advanced Studies as Scientific Research Institution  

Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...

May 30, 2026 183 Views 0 comment Print

CBDT Approves S. Nijalingappa Sugar Institute for Scientific Research Tax Benefit Eligibility 

Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...

May 30, 2026 150 Views 0 comment Print


Taxation of Perquisites in India: Types and Exemptions

December 6, 2023 13089 Views 0 comment Print

Types of perquisites in India, their tax implications, and exemptions under the Income Tax Act. Learn who pays perquisite taxes and key considerations.

Trust Taxation: Recent Case Laws and Advisory Insights

December 6, 2023 7413 Views 0 comment Print

Explore recent case laws on trust taxation, including issues like mutuality, corpus donations, and general public utility. Gain advisory insights into navigating the complex landscape of trust taxation.

Tax Authorities cannot step into shoes of businessmen to determine business purpose expenditure

December 5, 2023 6696 Views 0 comment Print

Income tax authorities could not step into the shoes of businessmen to determine how much expenditure should have been incurred for the purpose of business.  as an organization incurred both operating expenses as well as non-operating expenses for running the business and there were certain expenses which were not allocable to a particular activity.

Income Tax Insights 2022-23: Returns, Collections and Expenditure

December 5, 2023 1467 Views 0 comment Print

Introduction: Lok Sabha Unstarred Question No. 87, presented by Shrimati Mala Roy, probes into crucial aspects of India’s Income Tax scenario for the Financial Year 2022-23. The question seeks information on the percentage of people filing returns, the total income tax collected, and the annual plan and non-plan expenditure of the Income Tax Department. Detailed […]

SFT- meaning, persons required to file, Due date and Penalty

December 5, 2023 16242 Views 1 comment Print

Explore the essentials of Statement of Financial Transactions (SFT) under the Income Tax Act in India. Understand its meaning, who needs to file, the due date, associated penalties, and the designated forms (Form 61A / Form 61B). Ensure compliance to avoid penalties

Notification 102/2023: Godavari River Management Board Tax Exemption

December 5, 2023 972 Views 0 comment Print

Explore the impact of Notification 102/2023 by the Ministry of Finance on tax exemptions for Godavari River Management Board. Details on grants, subsidies, and more

Section 14A disallowance unjustified with ample interest-free funds for investments

December 5, 2023 1428 Views 0 comment Print

Delhi High Court held that tribunal rightly deleted disallowance made by AO u/s. 14A of the Income Tax Act read with rule 8D of the Income Tax Rules as assessee had sufficient interest-free funds available with it to make investment.

Section 119(2)(b) doesn’t empower PCIT to consider merits of claim of income

December 5, 2023 3648 Views 0 comment Print

Kerala High Court held that section 119(2)(b) of the Income Tax Act does not empower Principal Chief Commissioner/ Principal Commissioner of Income Tax to consider the merits of the claim of income, loss, etc.

Vienna Convention in International Taxation: Principles & Implications

December 5, 2023 1608 Views 0 comment Print

Explore Vienna Convention’s role in international taxation, focusing on principles like good faith, territorial scope, and treaty interpretation. Learn key insights for navigating Double Taxation Avoidance Agreements (DTAAs).

Best tax saving Mutual Funds to Invest in 2023

December 5, 2023 14391 Views 2 comments Print

Explore the best tax-saving mutual funds (ELSS) for 2023 with top-performing funds like Quant Tax Plan, SBI Long Term Equity, and more. Maximize returns while enjoying tax benefits under Section 80C

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