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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 921 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 141 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 516 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 1274705 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 6747 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 237 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 1905 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 3984 Views 1 comment Print


Latest Judiciary


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 21 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 33 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 54 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 51 Views 0 comment Print

Bangalore ITAT Deletes ₹10 Lakh Addition Caused by DRP’s Typographical Error- AO Cannot Sustain Addition Contrary to DRP’s Intent

Income Tax : The Tribunal ruled that a clerical mistake in the DRP's order could not justify sustaining a ₹10 lakh addition. It held that the...

June 26, 2026 54 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 50118 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 885 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.197-Income Tax, Dated: 11.10.1988

October 11, 1988 373 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 Sanjay Gandhi Memorial Trust, New Delhi, for the purpose of the said sub-clause for the assessment year 1989-90.

Notification No. S.O.196-Income Tax, Dated: 10.10.1988

October 10, 1988 421 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 West Zone Cultural Centre, Udaipur, Rajasthan, for the purpose of the said sub-clause for the assessment years 1987-88 and 1989-90.

Notification No. S.O.3236-Income Tax, Dated: 10.10.1988

October 10, 1988 436 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 Evangelical Luthern Church, Madhya Pradesh , for the purpose of the said sub-clause for the assessment years 1985-86 and 1989-90

Notification No. S.O.936(E)-Income Tax, Dated: 10.10.1988

October 10, 1988 490 Views 0 comment Print

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 cancels the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S. O. 585(E), dated 14th June, 1988, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), dated 14th June, 1988.

Notification No. S.O.937(E)-Income Tax, Dated: 10.10.1988

October 10, 1988 538 Views 0 comment Print

This notification contains Amendment (Ninth Amendment) to Income-tax Rules carried out on October 10, 1988 not reproduced here as it is already contained in the body of the Rules itself.

Notification No. S.O.194-Income Tax, Dated: 05.10.1988

October 5, 1988 988 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 Khelaghar Shishu Nivas and Shiksha Kendra, Calcutta, for the purpose of the said sub-clause for the assessment years 1988-89 and 1989-90.

Notification No. S.O.195-Income Tax, Dated: 05.10.1988

October 5, 1988 541 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 Karnataka State Seed Certification Agency, Bangalore , for the purpose of the said sub-clause for the assessment years 1987-88 and 1989-90.

Notification No. S.O.3347-Income Tax, Dated: 05.10.1988

October 5, 1988 481 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 Shri Swaminarayan Mandir Trust, Ahmedabad , for the purpose of the said sub-clause for the assessment years 1986-87 and 1989-90

Notification No. S.O.3348-Income Tax, Dated: 05.10.1988

October 5, 1988 625 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 Mandhirapureeswaraswamy Temple, Kovilur, Muthupet , for the purpose of the said sub-clause for the assessment years 1987-88 and 1989-90.

Notification No. S.O.919(E)-Income Tax, Dated: 05.10.1988

October 5, 1988 2620 Views 0 comment Print

This notification contains Amendment (Eight Amendment) to Income-tax Rules carried out on October 5, 1988 not reproduced here as it is already contained in the body of the Rules itself.

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