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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


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 21 Views 0 comment Print

Angel Tax Abolished, But Section 56(2)(viib) Scrutiny Continues for AY 2026-27

Income Tax : The Finance (No. 2) Act, 2024 abolished angel tax from AY 2025-26 for all investors. This article explains why startups filing ret...

June 27, 2026 24 Views 0 comment Print

Think You Don’t Need to File an ITR? Here Are 8 Reasons Why You Should

Income Tax : Filing an Income Tax Return offers benefits beyond tax compliance, including easier loans, TDS refunds, visa processing, and finan...

June 27, 2026 141 Views 0 comment Print

Six Compulsory Income Tax Scrutiny Categories Every Taxpayer Should Know

Income Tax : The article clarifies that the CBDT's 4 June 2026 instruction governs six categories of compulsory manual scrutiny and is distinct...

June 25, 2026 2076 Views 0 comment Print

Why Your Indian Subsidiary Abroad Might Be Triggering Tax Residency You Never Signed Up For?

Income Tax : The article explains how India's Place of Effective Management (POEM) rules may treat a foreign company as an Indian tax resident ...

June 25, 2026 285 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 6223 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 1917 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 3999 Views 1 comment Print


Latest Judiciary


Missing Original Section 12A Certificate Cannot Deny Section 12AB Registration: Mumbai ITAT

Income Tax : The Tribunal ruled that loss of an old Section 12A registration certificate is only a procedural deficiency and cannot by itself j...

June 26, 2026 117 Views 0 comment Print

Flat Registration for Mortgage Alone Does Not Trigger Section 56(2)(x): Mumbai ITAT

Income Tax : The ITAT observed that registration undertaken solely to satisfy a banks mortgage requirement cannot automatically attract tax und...

June 26, 2026 99 Views 0 comment Print

Mere Typographical Error in Tax Audit Report Cannot Deny PF Deduction: ITAT Mumbai

Income Tax : The ITAT held that the incorrect payment date mentioned in the Tax Audit Report was an obvious typographical mistake and not evide...

June 26, 2026 228 Views 0 comment Print

Pune ITAT Refuses to Condon 661-Day Delay in 12AB Appeal Over Vague Claims

Income Tax : The Pune ITAT refused to condone a 661-day delay in filing an appeal against rejection of Section 12AB registration. It held that ...

June 26, 2026 270 Views 0 comment Print

₹10 Lakh Addition Deleted Over Weak Cash Payment for Flat Evidence: Pune ITAT

Income Tax : The Pune ITAT deleted a ₹10 lakh addition after finding no reliable evidence that the assessee paid cash while purchasing a flat...

June 26, 2026 186 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 36 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 33 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 50385 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.1032(E) – Income Tax Dated 29/12/1989

December 29, 1989 639 Views 0 comment Print

Notification No.S.O.1032(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 amendment 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.

Notification No. S.O.1233-Income Tax, Dated: 29.12.1989

December 29, 1989 487 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 Sir Ratan Tata Trust, Bombay for the purpose of the said sub-clause for the assessment year 1989-90.

Notification No. S.O.1229-Income Tax, Dated: 21.12.1989

December 21, 1989 472 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 Harijan Sevak Sangh (Bengal), Howrah for the purpose of the said sub-clause for the assessment years 1987-88 to 1989-90.

Notification No. S.O.1230-Income Tax, Dated: 21.12.1989

December 21, 1989 436 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 Maharashtra Gandhi Smarak Nidhi, Pune for the purpose of the said sub-clause for the assessment years 1985-86 to 1989-90.

Notification No. S.O.1231-Income Tax, Dated: 21.12.1989

December 21, 1989 379 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 Navajbhai Ratan Tata Trust, Bombay for the purpose of the said sub-clause for the assessment years 1986-87 to 1989-90.

Notification No. S.O.1232-Income Tax, Dated: 21.12.1989

December 21, 1989 382 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 Asian Institute of Transport Development for the purpose of the said sub-clause for the assessment years 1990-91 to 1992-93.

Notification No. S.O.400-Income Tax, Dated: 21.12.1989

December 21, 1989 385 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 William Carey Study and Research Centre, Calcutta for the purpose of the said sub-clause for the assessment years 1988-89 and 1989-90.

Notification No. S.O.1046(E)-Income Tax, Dated: 14.12.1989

December 14, 1989 601 Views 0 comment Print

Provided that the benefit under the said clause shall be admissible in the case of transfer of such bonds, by endorsement or delivery, only if the transferee informs the Hindustan Zinc Limited by registered post within a period of sixty days of such transfer.

Notification No. S.O.1047(E)-Income Tax, Dated: 14.12.1989

December 14, 1989 391 Views 0 comment Print

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 the 10-year 13 per cent. (taxable) Secured Non-convertible Bonds, issued by the Hindustan Zinc Limited, for the purposes of the said clause.

Notification No. S.O.1227-Income Tax, Dated: 11.12.1989

December 11, 1989 337 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 Sri Krishnagopal Ayurved Bhavan (Dharmarth Aushdhlaya), Kalera, Ajmer for the purpose of the said sub-clause for the assessment year 1989-90.

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