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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


Tax Deducted at Source (TDS): FAQs

Income Tax : This comprehensive FAQ explains the TDS provisions applicable for AY 2026-27, including rates, thresholds, compliance obligations,...

June 23, 2026 817200 Views 206 comments Print

Section 161: Foundation of Transfer Pricing Regime under Income Tax Act, 2025

Income Tax : Learn how Section 161 of the Income-tax Act, 2025 establishes the arm's length principle for international and specified domestic ...

June 23, 2026 84 Views 0 comment Print

Step-by-Step Guide to Capital Gains Account Scheme (CGAS): Rules, Types & Documentation

Income Tax : Learn why taxpayers must deposit unutilized capital gains into a Capital Gains Account Scheme (CGAS) before the ITR due date to pr...

June 23, 2026 99 Views 0 comment Print

Master Guide on Filing Income Tax Return: Everything You Need to Know

Income Tax : This FAQ guide explains the applicability of ITR forms, filing methods, due dates, penalties, and taxpayer obligations for AY 2026...

June 23, 2026 154715 Views 17 comments Print

Computation of Income Tax: FAQs & Examples

Income Tax : This guide explains how taxable income and tax liability are computed under the Income-tax Act, from Gross Total Income to the fin...

June 23, 2026 370059 Views 22 comments Print


Latest News


Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 213 Views 0 comment Print

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 6199 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 285 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 1872 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 3960 Views 1 comment Print


Latest Judiciary


Seized Diary Transactions Require Fresh Examination as Peak Credit Alone Is Insufficient: ITAT Pune

Income Tax : The ITAT Pune held that deletion of the addition was premature as the source of cash payments reflected in seized diaries had not ...

June 23, 2026 9 Views 0 comment Print

Capital Contribution Held Explained as Partner Proved Source Through Land Sale: ITAT Hyderabad

Income Tax : The ITAT Hyderabad upheld deletion of a ₹68.75 crore Section 68 addition after finding that the partner had established the sour...

June 23, 2026 27 Views 0 comment Print

ITAT Orders Verification as Project Support Costs May Not Be Head Office Expenses

Income Tax : The Hyderabad ITAT restored the issue to the Assessing Officer to verify whether project support and business development costs qu...

June 23, 2026 36 Views 0 comment Print

Marriage Gift Cash Addition Upheld as Retention After Daughter’s Marriage Was Unexplained: ITAT Delhi

Income Tax : The ITAT Delhi held that cash claimed as marriage gifts could not be accepted where the assessee failed to explain why it remained...

June 23, 2026 48 Views 0 comment Print

Reassessment Quashed as Section 151 Approval Was Not Supplied Despite RTI Request: ITAT Delhi

Income Tax : The ITAT held that reassessment proceedings were invalid because the Revenue failed to provide the mandatory approval under Sectio...

June 23, 2026 63 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 49674 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 801 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 627 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 243 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 207 Views 0 comment Print


Subsidy a capital or revenue expense: Recent decision of Delhi HC in Bhushan Steel

August 6, 2017 3450 Views 0 comment Print

The government would introduce a scheme to provide a subsidy for advancing the development of industries mainly in backwards areas. The assistance was provided primarily for recouping the assessee on the expenditure incurred for the establishment of the industry.

Kerala HC allows IT Returns filing without Quoting of Aadhaar

August 5, 2017 2667 Views 0 comment Print

Writ Petition (civil) praying inter alia that in the circumstances stated in the affidavit filed along with the WP(C) the High Court be pleased to issue an interim order, directing the respondents to allow the petitioner to file IT returns through e-filing or through Manual Filing without insisting on Aadhar number / Enrollment No., pending […]

Income Tax E Filing Website Crashing issue – Letter to PM by a Citizen/CA on Press Release by CBDT

August 4, 2017 60405 Views 70 comments Print

Since 22nd July 2017, the E filing website was crashing continuously, there was a blackout for hours. Major problem was faced since 28th July 2017. The Website even gone for maintenance frequently during this period many time

Opening of Income Tax Offices on 05.08.2017 for receipt of returns

August 4, 2017 1935 Views 1 comment Print

For Assessment Year 2017-18, the due-date for filing of return of income in cases of certain categories of tax payers has been extended till 5th August, 2017 vide order of CBDT u/s 119 of the Income Tax Act,1961 dated 31.07.2017.

Adjudicating authority obliged to examine stand of alleged Benamindar: HC

August 3, 2017 1872 Views 0 comment Print

Kailash Assudani Vs CIT (Madhya Pradesh High court) A plain reading of Sub-section (3) of Section 26 of Prohibition of Benami Property Transaction Act, 1988 makes it clear that the adjudicating authority is obliged to examine the stand of alleged Benamindar in reply to the show cause notice. He is further obliged to make further […]

CBDT notifies countries & specified territories for Sec. 9A(3)(b)

August 3, 2017 2127 Views 0 comment Print

S.O. 2456(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following countries and specified territories, mentioned in column (2) of the Table given below, for the purposes of the said section, namely:

Notification No. 77/2017-Income Tax dated 3rd August 2017

August 3, 2017 7047 Views 0 comment Print

In exercise of the powers conferred by the proviso to sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the conditions specified in clauses (e), (f) and (g) of said sub-section shall not apply in case of an investment fund set up by a Category-I or Category-II foreign portfolio investor

Order No. 132/2017: Additional charges to officers in CCIT grade

August 3, 2017 1230 Views 0 comment Print

The following officers in the grade of CCIT are, hereby, ordered to hold the charge (s) indicated against their names in addition to the substantive charge/ additional charge(s) being held by them, with immediate effect and until further orders

Income Tax Slabs for AY 2018-19 / FY 2017-18

August 3, 2017 243984 Views 6 comments Print

Understand the income tax slabs for AY 2018-19 / FY 2017-18 and learn how they affect your taxable income. Find out the rates and rebates applicable to different income levels.

Order No. 13/2017: Modification in designations of CBDT Members

August 3, 2017 2226 Views 0 comment Print

ORDER No. 131 of 2017 With the approval of the Competent Authority, the designations of Members in the CBDT are, hereby, modified as under with immediate effect and until further orders:-

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