Follow Us:

Income Tax

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


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 1274231 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 876 Views 8 comments Print

11 Situations Where Filing ITR Is Mandatory for AY 2026-27

Income Tax : This article explains the key situations where filing an Income Tax Return is compulsory, even if income is below the basic exempt...

June 24, 2026 2673 Views 0 comment Print

Tax Benefits Available to Senior Citizens

Income Tax : Learn about the income tax benefits available to resident senior and very senior citizens, including higher exemption limits, dedu...

June 24, 2026 710682 Views 150 comments Print

FAQs on Assessments under Income-tax Law

Income Tax : Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures...

June 24, 2026 93756 Views 7 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 225 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 6202 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 288 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 1890 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 3972 Views 1 comment Print


Latest Judiciary


ITAT Delhi Quashes Assessment as It Was Passed on Non-Existent Company

Income Tax : ITAT Delhi held that an assessment framed after an approved merger in the name of the amalgamating company was without jurisdictio...

June 25, 2026 36 Views 0 comment Print

ESOP Discount Allowed as Karnataka HC Precedent Covered Issue: ITAT Mumbai

Income Tax : ITAT Mumbai allowed deduction of ESOP expenses under Section 37(1) by following Karnataka High Court's ruling in Biocon Ltd. Tribu...

June 25, 2026 36 Views 0 comment Print

No Income Addition Based on Form 26AS as Books Showed Higher Revenue: ITAT Pune

Income Tax : The ITAT Pune upheld the deletion of an addition made by extrapolating a small unreconciled difference in Form 26AS to the entire ...

June 25, 2026 48 Views 0 comment Print

Mere WhatsApp Chats Cannot Justify Year-Wide Production Addition: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that WhatsApp chats indicating suppressed production for one month could not be extrapolated to the entire fin...

June 25, 2026 642 Views 0 comment Print

ITAT Remands Assessment as AO Rejected Mandatory Section 50C(2) DVO Reference

Income Tax : ITAT Kolkata held that the Assessing Officer was required to refer the property valuation to the DVO when the assessee disputed th...

June 25, 2026 51 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 49968 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 879 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 675 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 249 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 213 Views 0 comment Print


Notification No. S.O.2823-Income Tax, Dated: 31.08.1987

August 31, 1987 499 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Sree Padmanabhaswamy Temple Trust ” for the purpose of the said clause for the assessment years 1985-86 to 1988-89.

Notification No.S.O.2648 – Income Tax Dated 28/8/1987

August 28, 1987 450 Views 0 comment Print

Notification No.S.O.2648 – Income Tax 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 “HDFC–12.5 per cent. Bonds, 1997 (A)” issued by the Housing Development Finance Corporation Ltd., Bombay, for the purposes of the said clause

Notification No. S.O.2822-Income Tax, Dated: 27.08.1987

August 27, 1987 337 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 Chakkamkulangara Siva Temple, Tripunithura as a place of public workship of renown throughout the State of Kerala.

Notification No. S.O.1311-Income Tax, Dated: 26.08.1987

August 26, 1987 463 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, 3 months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.2975-Income Tax, Dated: 25.08.1987

August 25, 1987 415 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.2976-Income Tax, Dated: 25.08.1987

August 25, 1987 337 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No. S.O.2974-Income Tax, Dated: 24.08.1987

August 24, 1987 403 Views 0 comment Print

That the said Institute will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their total income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, New Delhi, and the concerned Commissioner of Income-tax.

Circular No. 493-Income Tax dated 21-8-1987

August 21, 1987 459 Views 0 comment Print

Circular : No. 493 -Income Tax Attention is invited to Instruction Nos. 1744 dated 21-1-1987 and 1765 dated 25-6-1987 in which Board have clarified that returns of income for the assessment year 1986-87 and subsequent years which are below taxable limit, should not be acted upon unless covered under the exceptions contained in the proviso to sub-section (10) of section 139. The Board, vide para 2(i) of Instruction No

Notification No. S.O.2825-Income Tax, Dated: 21.08.1987

August 21, 1987 520 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Dharma Sastha Utsavam Trust, Tattamangalam for the purposes of the said clause for the assessment years 1987-88 and 1988-89.

Notification No. S.O.2971-Income Tax, Dated: 21.08.1987

August 21, 1987 355 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Gujarat Rajya Rahat Samiti for the purpose of the said clause for the assessment years 1985-86 to 1988-89.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930