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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


Don’t Blindly Trust Form 16: One Small Error Can Trigger a Huge Tax Demand

Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...

June 15, 2026 828 Views 0 comment Print

Advance Tax Provisions, Challan, e-payment Utility & Examples

Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...

June 15, 2026 195087 Views 14 comments Print

Income Tax Offences liable to prosecution

Income Tax : This article outlines major offences under the Income-tax Act that may result in prosecution, including tax evasion, non-payment o...

June 15, 2026 58748 Views 4 comments Print

Power of Commissioner to Reduce or Waive Income Tax Penalty

Income Tax : This article explains the statutory powers of the Principal Commissioner or Commissioner to waive or reduce penalties in genuine c...

June 15, 2026 65032 Views 3 comments Print

Decoding Exempt Incomes Under Income Tax Act, 2025: From Section 10 to 11

Income Tax : Summary: The Income Tax Act, 2025 introduces a significant structural reform by relocating the exempt income provisions previousl...

June 15, 2026 117 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 6106 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 1743 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 3816 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 3999 Views 0 comment Print


Latest Judiciary


Reassessment Invalid as AO Made No Addition on Recorded Reasons for Reopening: ITAT Delhi

Income Tax : The Delhi ITAT held that additions made on transactions unrelated to the reasons recorded for reopening were beyond the Assessing ...

June 15, 2026 18 Views 0 comment Print

ITAT Restores Section 80G Application as Section 12AB Registration Was Already Directed

Income Tax : The ITAT Chandigarh held that once registration under Section 12AB had been directed to be granted, the primary basis for rejectin...

June 15, 2026 24 Views 0 comment Print

ITAT Quashes Section 153C Assessments as Block Period Must Be Counted From Satisfaction Date

Income Tax : The Delhi ITAT found that the Assessing Officer lacked legal authority to reopen assessment years lying outside the ten-year block...

June 15, 2026 36 Views 0 comment Print

ITAT Remands Cash Deposit Addition Case due to Lack of Merit-Based Adjudication

Income Tax : ITAT Chennai restored the matter to the Assessing Officer after finding that the assessment and appellate proceedings were conclud...

June 15, 2026 36 Views 0 comment Print

ITAT Allows Set-Off of Amalgamated Company’s Losses as Section 72A Conditions Were Fulfilled

Income Tax : ITAT Kolkata upheld the deletion of disallowance relating to brought forward losses of an amalgamating company after finding that ...

June 15, 2026 45 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 48030 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


CBDT notifies CERSAI under Section 10(46)

September 5, 2022 3066 Views 0 comment Print

CBDT notifies ‘Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI )’ under Section 10(46) of income Tax Act, 1961 vide Notification No. 107/2022 – Income Tax | Dated: 5th September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 107/2022 – Income Tax | […]

Section 195 not applies to payment not in the nature of FTS to Non-Resident not having PE in India

September 5, 2022 1839 Views 0 comment Print

Assessee was not having any permanent establishment in India and was providing the service only from Singapore and therefore the provisions of Section 195 of the Act are not applicable.

Section 80JJAA Deduction on cost of new & incremental employees

September 5, 2022 10521 Views 1 comment Print

Section 80JJAA of the Income Tax Act, 1961 is a deduction which an assessee can claim on the emoluments paid to new and incremental employees during the previous year.

Not declaring swimming pools to avoid tax in France – Al to Detect Swimming Pools

September 4, 2022 1707 Views 0 comment Print

Property tax in France is based on the rental value of the property and any addition to the property like permanent (not temporary) has to be declared before tax authorities within 90 days, since property tax is based on rental value, so any improvement will increase the rental value of property resulting in increased property tax.

Future & Options (F&O) Accounting, Audit and Taxation

September 4, 2022 349695 Views 36 comments Print

Understand the tax implications of Future & Options (F&O) trading. Learn how to report and maintain records for F&O transactions in your income tax return.

Overview of Free Trade Agreements and Recent Developments

September 2, 2022 2658 Views 0 comment Print

Free trade agreements essentially are agreements between two or more nations to curtail the plethora of trade barriers to imports and exports. Free trade agreements help in reducing governmental barriers including but not limited to tariffs, subsidies, restrictions, and prohibitions.

Regular books of accounts maintained in tally not constitute incriminating material  

September 2, 2022 2502 Views 0 comment Print

Regular books of accounts maintained by assessee in tally software, now being referred by Revenue, to justify impugned addition did not constitute incriminating material unearthed during search.

GAAR- General Anti Avoidance Rules

September 2, 2022 9357 Views 0 comment Print

Understanding GAAR: Learn about the General Anti Avoidance Rules and how they can impact tax planning and transactions for accommodating parties.

Start Up Recognition (How to apply for Start up Certificate)

September 2, 2022 2649 Views 0 comment Print

Learn how to apply for a Start-up Certificate under the Start-up India Scheme. Get recognized as a start-up and unlock opportunities for growth and employment.

Philanthropy, Trusts and Their Taxation- A Glance Back

September 2, 2022 6015 Views 0 comment Print

Explore the history and significance of philanthropy, trusts, and their taxation. Discover how these concepts have shaped society and contributed to charitable activities.

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