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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


Form 10BD Filing & Correction Guide: Revised Forms, Omitted Donors & 80G Issues

Income Tax : The article explains how accurate Form 10BD reporting protects donor deduction claims, prevents penalties, and ensures consistency...

June 15, 2026 324 Views 0 comment Print

June 2026 Advance Tax: Key Checks Under New Income Tax 2025

Income Tax : The article explains what remains unchanged under the new tax law while highlighting critical compliance checks taxpayers should u...

June 15, 2026 1935 Views 0 comment Print

Tax benefit on Insurance Premium, Mediclaim & Medical Expenses

Income Tax : The provisions under Sections 80C, 80D, 80DD, and 80DDB provide tax deductions because taxpayers incur eligible expenses on life i...

June 15, 2026 110368 Views 6 comments Print

Can Depreciation Be Claimed Separately After Income Is Estimated Under Section 145(3)?

Income Tax : AO rejects books of accounts and applies flat net profit rate. Can taxpayer claim depreciation separately or is it embedded in tha...

June 15, 2026 111 Views 0 comment Print

Tax on Long Term Capital Gain under Income Tax Act, 1961

Income Tax : The updated provisions explain how long-term capital gains are classified, computed, and taxed following amendments introduced by ...

June 15, 2026 471900 Views 71 comments 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 6103 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 258 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 1731 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 3810 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 3993 Views 0 comment Print


Latest Judiciary


ITAT Quashes Reassessment as Final Additions Differed from Recorded Reasons

Income Tax : The Delhi ITAT held that reassessment proceedings were invalid where the Assessing Officer made additions unrelated to the reasons...

June 15, 2026 9 Views 0 comment Print

Electricity Consumption Charges Wholly for Business Purposes allowable: ITAT Delhi

Income Tax : The Delhi ITAT held that electricity charges paid to statutory authorities in the ordinary course of business qualify as deductibl...

June 15, 2026 54 Views 0 comment Print

Section 68 Addition Unsustainable as Revenue Failed to Verify Creditors’ Documents: ITAT Bangalore

Income Tax : The ITAT Bangalore held that additions under Section 68 could not be sustained without proper examination of bank statements, PAN ...

June 15, 2026 36 Views 0 comment Print

Appeal for Higher Sentence in TDS Default Case Must Be Filed Before Sessions Court: Karnataka HC

Income Tax : The High Court held that appeals concerning the adequacy of sentence should be presented before the jurisdictional Sessions Court....

June 15, 2026 39 Views 0 comment Print

Section 127 Income Tax Case Transfer for Effective Investigation is valid: Telangana HC

Income Tax : The Court held that transferring assessment proceedings under Section 127 was justified to facilitate coordinated investigation in...

June 15, 2026 66 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 47955 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 678 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 540 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 198 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 162 Views 0 comment Print


Higher depreciation @60% allowable to UPS and printers

December 23, 2022 1563 Views 0 comment Print

ITAT Chennai held that UPS and Printers being part of a computer systems and hence eligible for higher depreciation at the rate 60%

Cess/Surcharge is not allowed as business expenditure u/s 37 of the IT Act, 1961

December 23, 2022 3921 Views 0 comment Print

Supreme Court in JCIT v. M/s. Chambal Fertilizers & Chemicals Limited held that the term tax under Section 40(a)(ii) of the Income Tax Act, 1961 should also include cess.

Remuneration including bonus to partners should be within permissible limit u/s 40(b)

December 23, 2022 498 Views 0 comment Print

ITAT Delhi held that total allowance of the remuneration (including bonus) to the partners has to be within the permissible limit of provisions of section 40(b) of the Income Tax Act.

Circular restricting prosecution after age of 70 years doesn’t permit escape route for wrong dead

December 23, 2022 6699 Views 0 comment Print

Delhi High Court held that circular/ instruction no. 5051 dated 07.02.1991 states that prosecution normally be not initiated against a person who has attained the age of 70 years at the time of commission of offence. However, petitioner cannot be permitted to take benefit of Circular/ Instruction No. 5051 dated 07.02.1991 to find an escape route for the wrong committed by him.

Bail granted as charges failed to be not proved against appellant

December 23, 2022 1914 Views 0 comment Print

Chhattisgarh High Court held that the prosecution has miserably failed to prove that the appellant possessed properties disproportionate to his known source of income. Accordingly, appellant is acquitted of the charge under Sections 13(1)(e) read with 13(2) of the Prevention of Corruption Act and hence bail granted.

Inland Haulage Charges covered under Article 9 of India-France Tax Treaty hence not taxable

December 23, 2022 1950 Views 0 comment Print

ITAT Mumbai held that Inland Haulage Charges forms part of income from operation of ships in international traffic and hence covered under Article-9 of India-France Tax Treaty is not taxable in India.

Interest earned by co-operative society out of investment with co-operative bank is deductible u/s 80P(2)(d)

December 23, 2022 2829 Views 0 comment Print

ITAT Mumbai held that interest income earned by co-operative society on its investment held with the co-operative bank would be eligible for claim of deduction under section 80P(2)(d) of the Income Tax Act.

Taxation of Indian Resident Individual with Worldwide Income

December 23, 2022 57969 Views 5 comments Print

Learn about global taxation of Indian resident individuals and how the Income Tax Act of 1961 affects them. Understand the applicable slab rate structure based on taxable income and deductions & exemptions that may apply.

Advantages of Faceless Tax Assessment for Taxpayers and Agencies

December 23, 2022 2565 Views 0 comment Print

Discover the advantages of Faceless Tax Assessment for taxpayers and agencies. Make income tax assessment easier and less time-consuming, plus reduce corruption & travel costs.

Analysis of Faceless Appeals Scheme

December 22, 2022 15567 Views 2 comments Print

Learn the difference between the 2020 & 2021 faceless appeals scheme. This analysis examines the process, advantages & possible improvement for taxpayers & the Income-tax Department.

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