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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


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 582 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 2103 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 710652 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 93729 Views 7 comments Print

Taxation of Capital Gain in India – FAQs

Income Tax : This guide explains the taxation of capital gains, computation methods, capital assets, and transfer provisions under the Income-t...

June 24, 2026 495763 Views 165 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 219 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


Karnataka HC Quashes Tax Assessment as Assessee Was Not Heard & Unfreezes Account

Income Tax : The Court held that the assessment and consequential demand could not stand where the petitioner had not participated in the proce...

June 25, 2026 63 Views 0 comment Print

ITAT Remands Property Sale Gain Addition as Purchase Cost Was Not Considered

Income Tax : The ITAT Hyderabad held that the entire sale consideration could not be assessed as short-term capital gains without examining the...

June 25, 2026 69 Views 0 comment Print

ITAT Admits Additional Evidence as Delay Was Due to Accountant’s Son’s Medical Emergency

Income Tax : The ITAT Hyderabad accepted the assessee's explanation that supporting documents could not be produced because the accountant was ...

June 25, 2026 57 Views 0 comment Print

ITAT Quashes Reassessment as Section 151 Approval Was Not Obtained from Competent Authority

Income Tax : ITAT Pune held that the reassessment proceedings were invalid because the notice under Section 148 was approved by the Principal C...

June 24, 2026 222 Views 0 comment Print

Section 80P Deduction Allowed on Interest Income Attributable to Credit Society’s Business

Income Tax : ITAT held that interest earned by a co-operative credit society from deposits with a co-operative bank remained attributable to it...

June 24, 2026 105 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 49959 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 876 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 663 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.2261- Income Tax Dated 31/7/1987

July 31, 1987 486 Views 0 comment Print

Notification No.S.O.2261- 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 bonds issued by the Industrial Finance Corporation of India, New Delhi, as specified in the Table hereto annexed for the purposes of the said clause

Notification No. S.O.2470-Income Tax, Dated: 29.07.1987

July 29, 1987 364 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 Tamil Evangelical Lutheran Church, Tiruchirapalli , for the purpose of the said clause for the assessment years 1985-86 to1988-89.

Notification No. S.O.2584-Income Tax, Dated: 29.07.1987

July 29, 1987 298 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.2471-Income Tax, Dated: 29.07.1987

July 29, 1987 373 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 Society of the Daughters of Mary, Trivandrum , for the purpose of the said clause for the assessment years 1983-84 to1986-87.

Notification No. S.O.2949-Income Tax, Dated: 29.07.1987

July 29, 1987 406 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 Shri Sadguru Seva Sangh Trust, Bombay for the purpose of the said clause for the assessment years 1985-86 to 1988-89.

Notification No. S.O.2950-Income Tax, Dated: 29.07.1987

July 29, 1987 400 Views 0 comment Print

Notification: S.O.2950Section(s) Referred: 10 ,10(23C) ,10(23C)(iv) Central Government hereby notifies Ecumonical Christian Centre, Banglore for the purpose of the said clause for the assessment years 1985-86 to 1988-89.

Notification No.S.O.3521 – Income Tax Dated 23/7/1987

July 23, 1987 312 Views 0 comment Print

Notification No.S.O.3521 – 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% Secured Redeemable NTPC Bonds, 1986–First Series ” issued by the National Thermal Power Corporation Limited, New Delhi, for the purpose of the said item

Circular No. 492-Income Tax dated 21-7-1987

July 21, 1987 591 Views 0 comment Print

Circular : No. 492 -Income Tax Attention is invited to Board’s Circular No. 12/66-IT(B), dated 9-6-1965 copy attached for ready reference. It has been brought to the notice of the Board that relying upon the example in the above circular, even in cases where there is no delay attributa­ble to the assessee for completion of the assessment, waiver is limited only up to the date of taking up of the case for assess­ment beyond the

Notification No.S.O.2469 – Income Tax Dated 15/7/1987

July 15, 1987 552 Views 0 comment Print

Notification No.S.O.2469 – Income Tax In exercise of the powers conferred by clause (d) of Explanation 1 to sub-section (1) of section 54E of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ” 3-year HUDCO Capital Gains Debentures ” issued by the Housing & Urban Development Corporation Limited, for the purposes of the said clause

Notification No. S.O.2331-Income Tax, Dated: 15.07.1987

July 15, 1987 400 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 Samastha Kerala Jem-Iyyathul Ulema (Kerala) for the purpose of the said clause for the assessment year 1987-88.

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