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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


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 1152 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 159 Views 0 comment Print

Income-tax Act 2025: New TDS and TCS Forms Every Deductor Must Know

Income Tax : From 1 April 2026, TDS and TCS compliance shifts to new form numbers and section references under the Income-tax Act, 2025. Busine...

June 25, 2026 543 Views 0 comment Print

Income Tax audit under section 44AB​: FAQs

Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...

June 25, 2026 1274750 Views 54 comments Print

Tax Relief up to 12 Lakh in New Tax Regime, Yet ITR Filing is Still Mandatory

Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...

June 24, 2026 7575 Views 8 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 240 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 6214 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 291 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 1908 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 3987 Views 1 comment Print


Latest Judiciary


Mumbai ITAT Deletes Ad Hoc 10% Disallowance of Business Expenses – No Addition Sustainable Without Specific Defects in Audited Books

Income Tax : The ITAT found that the Assessing Officer failed to establish any specific infirmity in the assessee's business expenditure before...

June 26, 2026 51 Views 0 comment Print

Mumbai ITAT Restricts Addition on Alleged Bogus Diamond Purchases to 2% Following Earlier Orders in Assessee’s Own Case

Income Tax : The Tribunal held that only the profit element embedded in the disputed purchases could be taxed and affirmed a 2% estimation base...

June 26, 2026 63 Views 0 comment Print

Mumbai ITAT Reiterates: No Further Profit Attribution to Foreign Enterprise Once Indian AE Is Remunerated at Arm’s Length

Income Tax : The ITAT held that where transactions with the Indian associated enterprise are at arm's length, additional profit attribution to ...

June 26, 2026 45 Views 0 comment Print

Mumbai ITAT: Typographical Error in Tax Audit Report Cannot Deny PF Deduction if Contribution Was Actually Paid Within Due Date

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 105 Views 0 comment Print

Mumbai ITAT Allows 60% Depreciation on Computer Software and Restricts Section 14A Disallowance to Assessee’s Suo Motu Computation

Income Tax : The Tribunal ruled that application software purchased independently from computer hardware is still covered under the specific de...

June 26, 2026 57 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 50142 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 888 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 693 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 252 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 225 Views 0 comment Print


Notification No. S.O.517-Income Tax, Dated: 09.01.1989

January 9, 1989 490 Views 0 comment Print

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 Arulthiru Devi Karumari Amman Thirukkoil, Thiruverkadu, Madras, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section on the conditions that the temple will maintain separate books of account for the purpose and that the donations received will be utilised exclusively for the renovation of the temple.

Notification No. S.O.566-Income Tax, Dated: 05.01.1989

January 5, 1989 436 Views 0 comment Print

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 Thalayakkulam Sree Durga Kshetra Temple, Kuzhur, Kerala, to be a place of public worship of renown throughout the State of Kerala for the purpose of the said section on the condition that the temple will maintain separate books of account for the purpose and the donations received will be utilised exclusively for the renovation of the temple.

Notification No. S.O.1201(E)-Income Tax Dated 27/12/1988

December 27, 1988 543 Views 0 comment Print

Notification No. S.O.1201(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% (tax free) Secured Redeemable Non-Convertible NTPC Bonds-IV Issue) (Private Placement)”, issued by the National Thermal Power Corporation Limited, for the purpose of the said item

Notification No. S.O.1196(E)-Income Tax Dated 23/12/1988

December 23, 1988 495 Views 0 comment Print

Notification No. S.O.1196(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% (tax free) Secured Redeemable Non-Convertible Railway Bonds-(Second Issue) “, issued by the Indian Railway Finance Corporation Limited

Notification No. S.O.1197(E)-Income Tax Dated 23/12/1988

December 23, 1988 675 Views 0 comment Print

Notification No. S.O.1197(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% (tax free) Secured Redeemable Non-Convertible Railway Bonds-(Second Issue) “, issued by the Indian Railway Finance Corporation Limited

Notification No. S.O.2005-2-Income Tax, Dated: 21.12.1988

December 21, 1988 346 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 Indo-Arab Society, Bombay, for the purpose of the said sub-clause for the assessment year 1988-89.

Notification No. S.O.2003-2-Income Tax, Dated: 21.12.1987

December 21, 1988 412 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 Calcutta Zoroastrian Stree Mandal, for the purpose of the said sub-clause for the assessment year 1988-89.

Notification No. S.O.2004-2-Income Tax, Dated: 21.12.1988

December 21, 1988 451 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 Association of Medical Physicists of India, for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

Circular No. 528-Income Tax dated 16/12/1988

December 16, 1988 4545 Views 0 comment Print

Circular No.528 – Income Tax In respect of incomes of all categories of taxpayers (corporate as well as non-corporate) liable to tax for the assessment year 1988-89, the rates of income-tax have been specified in Part I of the First Schedule to the Finance Act, 1988. These rates are the same as those laid down in Part III of the First Schedule to the Finance Act, 1987, as amended by the Finance (Amendment) Act, 1987

Notification: S.O.73-Income Tax, Dated: 12.12.1988

December 12, 1988 529 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 The Asthika Samaj, Bombay, for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

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