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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 123 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 78 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 414 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 1274531 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 3666 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 1902 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


ITAT Quashes Reassessment of Section 80GGC Political Donation Claim Due to Limitation

Income Tax : The ITAT Mumbai held that reassessment proceedings initiated on the basis of information arising from a search in the case of a th...

June 25, 2026 138 Views 0 comment Print

CSR Disallowance Under Section 37 Does Not Bar Relief Under Section 80G- Bangalore ITAT

Income Tax : The Tribunal ruled that although CSR expenditure is not allowable under Section 37, eligible donations made to recognised institut...

June 25, 2026 75 Views 0 comment Print

No Section 271D Penalty if AO Not Recorded Satisfaction: ITAT Delhi

Income Tax : The Tribunal held that penalty under Section 271D could not be levied because the Assessing Officer failed to record satisfaction ...

June 25, 2026 105 Views 0 comment Print

ITAT Deletes Sections 271D and 271E Penalties as Assessment Order Lacked Satisfaction

Income Tax : The Tribunal held that penalties under Sections 271D and 271E could not be sustained because the Assessing Officer failed to recor...

June 25, 2026 75 Views 0 comment Print

Section 153C Assessment Upheld as Delay in Handing Over Seized Material Did Not Extend Limitation Illegally

Income Tax : Smt. Pavithra Sugichandran Vs Office of the DCIT (Madras High Court) The Madras High Court considered six writ petitions challengi...

June 25, 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 50067 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 687 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 222 Views 0 comment Print


Notification No. S.O.2919-Income Tax, Dated: 02.06.1988

June 2, 1988 388 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 Gram Vikas Trust, Ahmedabad , for the purpose of the said sub-clause for the assessment years 1984-85 to 1988-89

Notification No. S.O.2920-Income Tax, Dated: 02.06.1988

June 2, 1988 316 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 Swaminarayan Aksharpith, Shahibaug, Ahmedabad, for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89.

Notification No. S.O.2921-Income Tax, Dated: 02.06.1988

June 2, 1988 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 The Theosophy Company (India) Private Ltd., Bombay for the purpose of the said sub-clause for the assessment year 1988-89.

Notification No. S.O.2221-Income Tax Dated 2/6/1988

June 2, 1988 459 Views 0 comment Print

Notification No. S.O.2221-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 following temples to be places of historical importance and of public worship of renown throughout the States of Andhra Pradesh and Rajasthan respectively for the purposes of the said section

Circular No. 514-Income Tax dated 31-5-1988

May 31, 1988 510 Views 0 comment Print

Circular: No. 514-Income Tax I am directed to invite a reference to this Department’s Circular No. 488, dated 16-6-1987, wherein the rates at which the deduction of income-tax was to be made during the financial year 1987-88 from payment of income by way of insurance commission under section 194D of the Income-tax Act, 1961 were intimated to you.

Circular No. 515-Income Tax dated 31-5-1988

May 31, 1988 840 Views 0 comment Print

Circular : No. 515-Income TaxI am directed to invite a reference to this Department’s Circular No. 485, dated 27-5-1987 and Circular No. 507, dated 23-2-1988 on the above subject, wherein the rates at which deduction of tax under sections 194B and 194BB to be made during the finan­cial year 1987-88 from winnings from lotteries or crossword puzzles or horse races and the rate of surcharge leviable thereon were communicated.

Notification No. S.O.2426-Income Tax, Dated: 31.05.1988

May 31, 1988 484 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 Juma Musjid of Bombay Trust for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

Notification No. S.O.2427-Income Tax, Dated: 31.05.1988

May 31, 1988 349 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 Pir Haji Ali Dargah Trust, Bombay for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

Notification No. S.O.2428-Income Tax, Dated: 31.05.1988

May 31, 1988 355 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 Shree Santram Maharaj Mandir, Nadiad (Gujarat) for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

Notification No. S.O.2429-Income Tax, Dated: 31.05.1988

May 31, 1988 319 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 Roman Catholic Diocese of Calicut for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.

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