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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


Gold Monetisation Scheme 2026: Earn Interest on Idle Gold at Home

Income Tax : The scheme allows households to deposit gold and earn interest without selling it. The key takeaway is that both interest and capi...

April 30, 2026 477 Views 0 comment Print

As a Foreign Company, Do I Need to File Annual CIT in China?

Income Tax : The issue is whether foreign businesses without offices in China must comply with tax laws. The key takeaway is that activities an...

April 29, 2026 264 Views 0 comment Print

Philosophy of Income Tax Act 2025: Perspectives from Great Thinkers

Income Tax : The new tax law addresses long-standing concerns over complexity by reducing provisions and simplifying language. It introduces st...

April 29, 2026 621 Views 0 comment Print

Justice Deferred, Freedom Denied: A Critique of Preventive Detention Systems

Income Tax : Preventive detention laws allow incarceration without trial based on suspicion, raising serious concerns about violation of person...

April 29, 2026 156 Views 0 comment Print

TDS Non-Deduction Rules Tightened Due to Data Analytics Monitoring

Income Tax : The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declara...

April 29, 2026 522 Views 0 comment Print


Latest News


Salient Features of Income Tax Act 2025

Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...

April 29, 2026 3840 Views 0 comment Print

CBDT Refutes Allegations of Tax Raid, Terms Claims Baseless; Complaint Filed with Election Commission & Police

Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...

April 21, 2026 381 Views 0 comment Print

CAAS Moves Supreme Court on ITAT Vacancies

Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...

April 18, 2026 321 Views 0 comment Print

Massive Tax Irregularities Found Due to Improper Deductions by Banks & NBFCs: CAG

Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...

April 6, 2026 3453 Views 0 comment Print

Free Live Webinar: Decoding the New Income Tax Act, 2025

Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...

April 5, 2026 8061 Views 0 comment Print


Latest Judiciary


Channel owners cannot be taken as comparables for distributors for transfer pricing purpose

Income Tax : ITAT Delhi held that companies owning and operating channels cannot be compared with distribution company for the purpose of trans...

April 30, 2026 60 Views 0 comment Print

ITAT Deletes PF/ESI Disallowance as Section 143(1) Adjustment Held Beyond Scope

Income Tax : The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues can...

April 30, 2026 105 Views 0 comment Print

ITAT Quashes Section 271(1)(c Penalty as Unsigned SCN Held Void in Law

Income Tax : The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such a notice is ...

April 30, 2026 183 Views 0 comment Print

Section 11 Exemption Allowed as Property in Trustees’ Names Held Not Beneficial to Them

Income Tax : The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation as no...

April 30, 2026 105 Views 0 comment Print

TDS Default Not Applicable as Section 197 Certificate Covers Entire Assessment Year

Income Tax : The case examined whether a lower TDS certificate applies prospectively or for the full year. The Court held it applies to the ent...

April 30, 2026 147 Views 0 comment Print


Latest Notifications


Mandatory PAN Requirement Introduced for Post Office Transactions Under Income Tax Rules 2026

Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...

April 29, 2026 273 Views 0 comment Print

Income Tax Notification Corrected Due to Technical Errors in Rules & References

Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...

April 17, 2026 954 Views 0 comment Print

Transition from Form 15G/15H to Consolidated Form 121 for TDS-exempted Incomes

Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...

April 15, 2026 3258 Views 0 comment Print

Corrigendum to Notification of Income tax return Form U

Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...

April 11, 2026 558 Views 0 comment Print

Corrigendum to Notification of Income tax return Form 7 (ITR 7)

Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...

April 11, 2026 216 Views 0 comment Print


Notification No. S.O.2670-Income Tax, Dated: 04.07.1988

July 4, 1988 361 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies India Bible Society Trust Association, Bangalore, for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

Notification No. S.O.2747-Income Tax, Dated: 04.07.1988

July 4, 1988 367 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Kottai Mariamman Devasthanam, Fort, Salem, for the purpose of the said sub-clause for the assessment years 1986-87 to 1988-89.

Notification No. S.O.2671-Income Tax, Dated: 04.07.1988

July 4, 1988 295 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Shivaloganathaswami Temple, Thiruppungur, for the purpose of the said sub-clause for the assessment years 1984-85 to 1988-89.

Notification No. S.O.2928-Income Tax, Dated: 04.07.1988

July 4, 1988 343 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Institute of Rural Management, Anand, Gujarat, for the purpose of the said sub-clause for the assessment years 1986-87 to 1988-89

Notification No. S.O.2930-Income Tax, Dated: 04.07.1988

July 4, 1988 355 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Bharatiya Adimjati Sevak Sangh, New Delhi for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89

Notification No. S.O.2929-Income Tax, Dated: 04.07.1988

July 4, 1988 334 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Institute of Company Secretaries of India , for the purpose of the said sub-clause for the assessment year 1988-89

Notification No. S.O.619(E)-Income Tax Dated 24/6/1988

June 24, 1988 606 Views 0 comment Print

Notification No. S.O.619(E)-Income Tax In pursuance of sub-section (8) of section 33A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby makes the following further Amendment in the notification of the Central Board of Direct Taxes No. S.O. 1526, dated 18th May, 1966, namely

Notification No. S.O.2279-Income Tax Dated 21/6/1988

June 21, 1988 549 Views 0 comment Print

Notification No. S.O.2279-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ” 11% IDBI Bonds, 2003 (48th Series) ” issued by the Industrial Development Bank of India, Bombay, for the purposes of the said clause

Notification No. S.O.2278-Income Tax Dated 18/6/1988

June 18, 1988 363 Views 0 comment Print

Notification No. S.O.2278-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ” 12.5% HDFC Bonds, 1998 ” issued by the Housing Development Finance Corporation Limited, Bombay, for the purposes of the said clause

Notification No. S.O.2277-Income Tax, Dated: 16.06.1988

June 16, 1988 331 Views 0 comment Print

In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Shankaranarayanaswamy Temple, Sankarankoil for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

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