Follow Us:

Income Tax

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 817959 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 111 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 171 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 154754 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 370434 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 288 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 1875 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


8% Profit Addition Deleted as Revenue cannot Change Consistent Accounting Method: ITAT Delhi

Income Tax : The ITAT Delhi held that the Revenue could not substitute the assessee's consistent method of revenue recognition with the Percent...

June 23, 2026 90 Views 0 comment Print

Gujarat HC Quashes Section 271D SCNs as12-Week Deadline Was Missed

Income Tax : The Gujarat High Court quashed the reinitiated penalty proceedings after the Assessing Officer failed to pass a fresh order within...

June 23, 2026 69 Views 0 comment Print

Income Tax Reopening Quashed as Section 31 of IBC Barred Fresh Tax Proceedings: Gujarat HC

Income Tax : The Gujarat High Court held that once the Resolution Plan was approved under Section 31 of the IBC, all tax liabilities not formin...

June 23, 2026 69 Views 0 comment Print

ITAT Deletes TP Adjustment as TNMM Was Consistently Accepted in Earlier Years

Income Tax : ITAT Ahmedabad held that the Transactional Net Margin Method (TNMM) remained the most appropriate method as there was no change in...

June 23, 2026 69 Views 0 comment Print

Gujarat HC Quashes Assessment as Section 68 Addition Was Made Without Reasons

Income Tax : The Gujarat High Court set aside the reassessment after finding that the Assessing Officer failed to provide specific reasons for ...

June 23, 2026 87 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 49719 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 813 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 246 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


PMGKY not provide immunity from FEMA, PMLA, Narcotics Act

December 20, 2016 2509 Views 0 comment Print

Pradhan Mantri Garib Kalyan Yojana, 2016 provide no immunity from FEMA, PMLA, Narcotics and cover deposits made from November 10, 2016

Tax Levied on Air Services Companies

December 20, 2016 829 Views 0 comment Print

Income-tax in general is levied on various companies, including Air Services Companies (although no such terms finds place under the Income-tax Act, 1961) as per the provision of the Act

India & Switzerland signs agreement for auto exchange of info

December 20, 2016 1039 Views 0 comment Print

India and Switzerland signed the ‘Joint Declaration for implementation of Automatic Exchange of Information (AEOI) on the 22nd November, 2016.

No instruction by RBI to issue ATM Slip in Regional Languages

December 20, 2016 901 Views 0 comment Print

Whether the Government has issued any instructions to Public Sector Banks (PSBs) to provide ATM transaction slips in regional languages

Order No. 201 of 2016- Promotion order in the grade of CCIT

December 20, 2016 1639 Views 0 comment Print

With the approval of Competent Authority, following officers are, hereby, granted HAG+ scale of pay (Rs. 75,500 – 80,000) (pre-revised) with effect from date indicated against each of them:-

Tips to Employees: Whether Form Part of Salary or Perquisite and Profits In Lieu of Salary & Liable to TDS?

December 19, 2016 3160 Views 0 comment Print

SC held that income from tips would be chargeable in the hands of employees as income from other sources, such tips being received from customers and not from employer

Government decides to reduce existing rate of deemed profit U/s. 44AD

December 19, 2016 8209 Views 1 comment Print

Govt decides to reduce existing rate of deemed profit U/s. 44AD of Income Tax Act in respect of amounts/receipts through banking channel/digital means

U S Taxation – April 18, 2017 Filing Deadline : Time to ponder

December 19, 2016 1516 Views 0 comment Print

RS announced the arrival of US Taxation on Monday, Jan. 23, 2017 when IRS would begin accepting electronic tax returns

CBDT notifies authority U/s. 138(1)(a) of Income tax Act, 1961

December 19, 2016 3838 Views 0 comment Print

CBDT hereby directs that Principal Director General of Income-tax (Systems), New-Delhi shall be the specified authority for furnishing information to the Joint Secretary (Marketing), Ministry of Petroleum and Natural Gas, Government of India

Step up efforts to recover outstanding demand- CBDT

December 19, 2016 1399 Views 0 comment Print

It may be pointed out that the target of cash collection from arrear demand was fixed very modestly at Rs.53,981 crore in the Central Action Plan for 2016-17 as against very large amount of arrears outstanding. However. till the end of November, 2016

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930