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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 817413 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 102 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 132 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 154742 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 370233 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 3963 Views 1 comment Print


Latest Judiciary


ITAT Deletes Section 270A Penalty as AO Failed to Identify Correct Default

Income Tax : The ITAT held that penalty under Section 270A could not be sustained because the Assessing Officer failed to clearly distinguish b...

June 23, 2026 9 Views 0 comment Print

Delhi HC Grants Section 270AA Immunity as Penalty Notice Failed to Specify Misreporting

Income Tax : The Delhi High Court held that immunity under Section 270AA could not be denied when the penalty notice did not specify whether th...

June 23, 2026 9 Views 0 comment Print

No Capital Gains Addition as Dumb Document Alone cannot Prove On-Money Receipt

Income Tax : Tribunal ruled that an unsigned and uncorroborated loose sheet lacking essential transaction details could not form the sole basis...

June 23, 2026 9 Views 0 comment Print

Section 69 Addition Deleted as Seized Loose Sheet Lacked Corroborative Evidence

Income Tax : The Tribunal held that an addition under Section 69 could not be sustained solely on the basis of a seized loose sheet without ind...

June 23, 2026 12 Views 0 comment Print

₹6.40 Crore Addition Deleted as Revenue Failed to Corroborate Seized Document

Income Tax : The High Court upheld the Tribunals finding that an uncorroborated loose Excel sheet could not sustain an addition of alleged on-m...

June 23, 2026 27 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 49698 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 807 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 636 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


All about ITR-6 as applicable for A.Y. 2017-18

April 13, 2017 6147 Views 0 comment Print

ITR 6 Form for A.Y. 2017-18 can be used by a company, other than a company claiming exemption under section 11. This Form has to be compulsorily furnished electronically under digital signature to the Income Tax Department.

In Amalgamation waiver of Interest is to be Treated as Income: SC

April 13, 2017 2160 Views 1 comment Print

This appeal is preferred against judgement dated 05.04.2005 of the High Court of Karnataka whereby the appeal of Commissioner of Income Tax (Revenue) was allowed setting aside the order to the Income Tax Appellate Tribunal(ITAT) which had granted the benefit of provisions

Title in Immovable Property cannot Pass unless executed on Proper Stamp Paper

April 13, 2017 4227 Views 0 comment Print

Title In The Immovable Property Cannot Pass When Its Value Is More Than Rs.100 Unless It Is Executed On A Proper Stamp Paper And Is Also Duly Registered With The Sub-Registrar

Petition filed in SC on Mandatory Quoting of Aadhaar for filing ITR

April 13, 2017 2385 Views 0 comment Print

Text of Petition filed in Supreme Court on Mandatory Quoting of Aadhaar for filing ITR is as follows. Matter is expected to come up for hearing on Monday 17th April 2017.

Surplus generation from charitable activities did not dis-entitle assessee from registration U/s. 12A

April 13, 2017 1620 Views 0 comment Print

This appeal by the assessee is directed against the order of Commissioner of Income Tax -I, Pune dated 29-11-2013 rejecting the application of the assessee for grant of registration under section 12AA(1)(b)(ii) of the Income Tax Act, 1961 (hereinafter referred to as the Act).

Centralized Processing Centre (CPC) gets unique Pincode

April 13, 2017 5454 Views 0 comment Print

A unique PINCODE 560500 has been allotted to Centralized Processing Centre (CPC), Income Tax Department located in Bengaluru by the Department of Post. Taxpayers can henceforth address their mails to “Centralized Processing Center, Income Tax Department, Bengaluru 560500” for the purpose of submission of ITR-V forms and other documents which require physical mode of transmission.

CBDT Interim Action Plan for first Quarter of Financial Year 2017-18

April 13, 2017 5670 Views 0 comment Print

Central Action Plan for the First Quarter i.e. (April, 2017 to June, 2017) of the FY 2017-18 for Assessment Units, (including International Taxation, Central and Exemption Charges), TDS Units Investigation Units International Taxation and Transfer Pricing Units, CIT (Appeals), Exemptions Units, Intelligence & Criminal Investigation Units, Pr. Chief Commissioners/ Chief Commissioners and Pr. Commissioners/ Commissioners

Tax Exemption to Startups in India

April 12, 2017 5811 Views 0 comment Print

Press Information Bureau Government of India Ministry of Commerce & Industry 12-April-2017 13:18 IST Tax Exemption to Startups Various tax exemptions have been given to Startups in the recent past – Following direct tax incentives were provided in Income-tax Act,1961 (‘the Act’) to promote Start-ups through Finance Act,2016: Introduction of new section 54EE in Income-tax […]

Order No. 50 of 2017: Regularization of promotion of CIT

April 12, 2017 1956 Views 0 comment Print

In continuation of Order No. 171 of 2015 dated 16.09.2015, promotion of the following officers in the grade of Commissioner of Income Tax (CM (Pay Band-4 – Rs. 37,400 – 67,000 + Grade Pay of Rs. 10,000/-) (pre-revised) for the panel year 2014-15 are, hereby, regularised with effect from the date of assumption of charge of the post by them:-

Action taken with respect to HSBC, ICIJ and Panama Paper cases

April 11, 2017 1050 Views 0 comment Print

The Special Investigation Team has so far submitted five reports before the Hon’ble Supreme Court. The action taken with respect to HSBC, ICIJ and Panama Paper cases is as follows:

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