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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


Income Tax Rule 46(8): Mandatory Daily Backup of Electronic Books of Accounts

Income Tax : Rule 46(8) mandates daily backups of electronic books on servers located in India, strengthening digital tax compliance and data i...

June 29, 2026 207 Views 0 comment Print

What every Salaried person must know before 31st July!

Income Tax : CBDT allows eligible salaried taxpayers with LTCG up to ₹1.25 lakh under section 112A to file ITR-1, simplifying return filing f...

June 29, 2026 2232 Views 0 comment Print

Comprehensive 10-Year Income Tax Rates Chart

Income Tax : Explore income-tax rates applicable over the last ten assessment years for individuals, companies, firms, LLPs, HUFs, and co-opera...

June 29, 2026 6654 Views 0 comment Print

Income Tax Provisions applicable to business entities

Income Tax : Learn how business and professional income is computed under the Income-tax Act after the Finance Act, 2026. This guide explains t...

June 29, 2026 3102 Views 0 comment Print

Time limit for issuing different income-tax notices & completion of assessment

Income Tax : Understand the statutory time limits for issuing income-tax notices and completing assessments under the Income-tax Act. The guide...

June 29, 2026 41259 Views 0 comment 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 261 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 6241 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 315 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 1953 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 4017 Views 1 comment Print


Latest Judiciary


Delayed Form 10B Filing Not a Ground to Reject Section 11 Exemption: ITAT Jaipur

Income Tax : ITAT Jaipur held that exemption under Section 11 cannot be denied merely because Form 10B was filed late when it was already avail...

June 29, 2026 60 Views 0 comment Print

Bombay HC Admits AMP & Doctors’ Payment Issues as They Raise Substantial Questions of Law

Income Tax : Bombay HC admitted the Revenue's appeal on AMP expenditure and payments to doctors, holding both require judicial examination. It ...

June 29, 2026 48 Views 0 comment Print

Agricultural Land Taxable as Capital Asset as It Fell Within Statutory Distance from Municipality

Income Tax : ITAT held that agricultural land within the prescribed municipal distance is a capital asset and restricted the on-money addition ...

June 29, 2026 114 Views 0 comment Print

NCLAT Allows Joint Compounding Applications as Companies Act Has No Express Bar

Income Tax : NCLAT held that a single application covering multiple years and company officers is maintainable in the absence of any statutory ...

June 29, 2026 60 Views 0 comment Print

ITAT Grants Section 87A Rebate on Special Rate STCG Tax as Total Income Qualified

Income Tax : ITAT held that Section 87A rebate cannot be denied on tax payable under Section 111A where the assessee qualifies under the prescr...

June 29, 2026 216 Views 0 comment Print


Latest Notifications


CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation

Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...

June 27, 2026 243 Views 0 comment Print

CBDT Approved University of Hyderabad for Scientific Research Tax Benefits

Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...

June 27, 2026 126 Views 0 comment Print

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 50841 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 918 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 726 Views 0 comment Print


Notification No.116/2002-Income Tax Dated 23/5/2002

May 23, 2002 532 Views 0 comment Print

Notification No.116-Income Tax It is notified for general information that enterprise listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004

Notification No. 113/2002-Income Tax Dated 17/5/2002

May 17, 2002 604 Views 0 comment Print

Notification No. 113-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following debentures, in the nature of bonds

Notification No. 114/2002-Income Tax Dated 17/5/2002

May 17, 2002 535 Views 0 comment Print

Notification No. 114-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following debentures, in the nature of bonds

Notification No. 108/2002-Income Tax Dated 8/5/2002

May 8, 2002 595 Views 0 comment Print

Notification No. 108-Income Tax It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003

Notification No. 105/2002-Income Tax Dated 7/5/2002

May 7, 2002 586 Views 0 comment Print

Notification No. 105-Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962

Notification No. 104/2002-Income Tax Dated 2/5/2002

May 2, 2002 379 Views 0 comment Print

Notification No. 104-Income Tax It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003

Notification No. 103/2002-Income Tax Dated 2/5/2002

May 2, 2002 472 Views 0 comment Print

Notification No. 103-Income Tax It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2000-2001

Notification No. 99/2002-Income Tax Dated 26/4/2002

April 26, 2002 472 Views 0 comment Print

Notification No. 99-Income Tax It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, ‘read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003

Notification No. 98/2002-Income Tax Dated 23/4/2002

April 23, 2002 451 Views 0 comment Print

Notification No. 98-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies REC Infrastructure Bonds in the nature of debentures bearing distinctive numbers from Serial No. 0000001 to 2000000, of Rs.5,000

Notification No. 91/2002-Income Tax Dated 15/4/2002

April 15, 2002 403 Views 0 comment Print

Notification No. 91-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies tax-free bonds of the North Eastern Electric Power Corporation Limited, 1999-2000 (Series V) of rupees one lakh each

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