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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


FAQs on Authority for Advance Ruling/Board for Advance Rulings

Income Tax : Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The...

June 27, 2026 17025 Views 0 comment Print

Income Below 6% or 8%: Is Tax Audit Compulsory Under Section 58(3)?

Income Tax : The article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...

June 27, 2026 642 Views 0 comment Print

Senior Citizen Tax Clinic – Part 1: ITR filing Simplified

Income Tax : Learn when senior citizens must file an Income Tax Return, who qualifies for the age-75 exemption, and how Form 125 works. The gui...

June 27, 2026 1218 Views 0 comment Print

NRI ITR Filing in India: Taxable Income, TDS Refund, DTAA & NRE/NRO Accounts

Income Tax : Summary: The article provides a practical guide for Non-Resident Indians (NRIs) on Indian income tax compliance, emphasizing that...

June 27, 2026 153 Views 0 comment Print

Taxation of Buy-Back of Shares under Income Tax Act 1961 & Income Tax Act 2025

Income Tax : The Income Tax Act, 2025 restores capital gains taxation for share buybacks from 1 April 2026, replacing the deemed dividend regim...

June 27, 2026 135 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 249 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 6232 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 303 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 1923 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 4002 Views 1 comment Print


Latest Judiciary


Ahmedabad ITAT Grants Full Section 10(10B) Exemption on BSNL VRS Compensation Despite Delayed Claim; Refund Directed

Income Tax : The Tribunal ruled that BSNL VRS-2019 compensation qualifies for complete exemption under Section 10(10B) despite the assessee not...

June 27, 2026 27 Views 0 comment Print

Section 68 Addition Deleted as Creditworthiness of Lenders Was Properly Established

Income Tax : The Calcutta High Court dismissed the Revenues appeal after holding that the CIT(A) and ITAT had thoroughly examined the lenders' ...

June 27, 2026 57 Views 0 comment Print

ITAT Ahmedabad Quashes Addition as AO Exceeded Limited Scrutiny Scope

Income Tax : The Tribunal held that the Assessing Officer exceeded the scope of limited scrutiny by treating capital gains as business income w...

June 27, 2026 66 Views 0 comment Print

ITAT Quashes Assessment as Section 143(2) Notice Was Issued by Non-Jurisdictional AO

Income Tax : The ITAT Delhi held that a notice under Section 143(2) issued by an Assessing Officer lacking jurisdiction cannot confer valid aut...

June 27, 2026 51 Views 0 comment Print

ITAT Quashes Assessment as Jurisdictional AO Never Issued Section 143(2) Notice

Income Tax : The ITAT held that a scrutiny assessment cannot survive where the jurisdictional Assessing Officer failed to issue the mandatory n...

June 27, 2026 63 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 111 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 81 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 50394 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 894 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 708 Views 0 comment Print


Notification No. S.O.182(E) – Income Tax Dated 14/3/1991

March 14, 1991 609 Views 0 comment Print

Notification No.S.O.182(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S. O. 392(E), dated 31st May, 1989, namely

Notification No. S.O.181(E) – Income Tax Dated 14/3/1991

March 14, 1991 528 Views 0 comment Print

Notification No.S.O.181(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S. O. 684(E), dated 24th September, 1986, namely

Notification No. S.O.180(E) – Income Tax Dated 14/3/1991

March 14, 1991 612 Views 0 comment Print

Notification No.S.O.180(E) – Income Tax The entire district of Gurgaon in Haryana State comprising the tehsils of Gurgaon, Pataudi, Nuh and Ferozpur Jhirka and including the entire area comprised in Gurgaon Municipal Committee within the meaning of the Punjab Government Gazette Part I No. 1405-14-61/5076 dated March 4, 1966

Circular No. 595-Income tax dated 5-3-1991

March 5, 1991 4674 Views 0 comment Print

Circular No. 595-Income tax The Board had clarified earlier that a gratuity fund, approved under the Income-tax Act, cannot be wound up unless it is neces­sitated by the winding up or discontinuance of the employer’s trade or undertaking, and that the revocation of a gratuity fund cannot be permitted on the basis of a resolution of the trustees and/or beneficiaries

Notification No. S.O.151(E) – Income Tax Dated 28/2/1991

February 28, 1991 489 Views 0 comment Print

Notification No.S.O.151(E) – Income Tax In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “GIC Mutual Fund”, set up by the General Insurance Corporation of India, a body corporate incorporated under the provisions of the Companies Act, 1956 (1 of 1956) and its four wholly owned subsidiaries incorporated

Circular No. 594-Income tax dated 27-2-1991

February 27, 1991 774 Views 0 comment Print

Circular No. 594-Income tax The agents of Standardised Agency System, Post Office Time Deposits and Unit Trust of India, have drawn the attention of the Board to the fact that where no detailed accounts are maintained and the gross commission received by them is less than Rs. 60,000, the benefit of an ad hoc deduction for expenses, at the rate of 50 per cent of the gross receipts of commission, is available to the authorised agents of Unit Trust of India and the agents of the following securities

Notification No. S.O.948 – Income Tax Dated 25/2/1991

February 25, 1991 567 Views 0 comment Print

Notification No.S.O.948 – Income Tax In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby notifies the ” Sri Navansetheswaraswamy Temple, Sikkal, Tamil Nadu “, to be a place of historical and archaeological importance and a place of public worship of renown for the purpose of the said clause

A.L.A. Firm v. CIT (Supreme Court) (1991) 189 ITR 285 (SC)

February 21, 1991 7780 Views 0 comment Print

Section 147(b)-Scope of-Assessment year 1961-62-Reassessment-Interpretation and meaning of the word information-Material coming to the notice of the Income Tax Officer subsequent to original assessment-Meaning of the word Escape. Dissolution of Firm-Valuation of closing stoc- Principles-In continuing business closing stock to be valued at cost or market price which ever is lower-Where business is discontinued, the closing stock to be valued at market price.

Notification No. S.O.93(E) – Income Tax Dated 13/2/1991

February 13, 1991 771 Views 0 comment Print

Notification No.S.O.93(E) – 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 ” 10-year 9 per cent. (tax-free) Secured Redeemable Non-Convertible Railway Bonds V Series “, issued by the Indian Railway Finance Corporation Limited for the purpose of the said item

Notification No. S.O.816 – Income Tax Dated 12/2/1991

February 12, 1991 555 Views 0 comment Print

Notification No.S.O.816 – Income Tax In exercise of the powers conferred by clause (ix) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Indira Gandhi National Centre for Arts, New Delhi”, for the purpose of the said sub-clause for the assessment years 1991-92 to 1994-95

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