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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 381 Views 0 comment 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 1632 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 710619 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 93708 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 495697 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 3966 Views 1 comment Print


Latest Judiciary


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 165 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 96 Views 0 comment Print

Bangalore ITAT Upholds Section 11 Exemption Despite Alleged Capitation Fee Collections

Income Tax : Bangalore ITAT held that allegations of capitation fee collections could not justify denial of exemption under Sections 11 and 12 ...

June 24, 2026 66 Views 0 comment Print

ITAT Quashes Reassessment as Section 151 Approval Was Granted by Wrong Authority

Income Tax : ITAT Pune held that reassessment proceedings were invalid because the approval under Section 151 was granted by the Principal Comm...

June 24, 2026 111 Views 0 comment Print

ITAT Rejects Section 56(2)(viib) Addition as Shares Were Issued to Holding Company

Income Tax : ITAT Delhi held that Section 56(2)(viib) could not be invoked where shares were allotted at a premium to a 100% holding company. T...

June 24, 2026 78 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 49929 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 660 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 210 Views 0 comment Print


Notification No. S.O.1610-Income Tax, Dated: 05.03.1987

March 5, 1987 319 Views 0 comment Print

That the said Association will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April, each year.

Notification No.S.O.744 – Income Tax Dated 5/3/1987

March 5, 1987 444 Views 0 comment Print

Notification No.S.O.744 – Income Tax In exercise of the powers conferred by clause (iiia) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S.O. 5651, dated the 4th December, 1985, the Central Government hereby specifies all the securities of the Central Government and the State

Notification No. S.O.936-Income Tax, Dated: 04.03.1987

March 4, 1987 445 Views 0 comment Print

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% Bonds (1997) issued by the Housing Development Finance Corporation Limited, Bombay, for the purpose of the said clause.

Notification No. S.O.1765-Income Tax, Dated: 27.02.1987

February 27, 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 The Stock Exchange, Bombay , for the purpose of the said clause for the assessment years 1982-83 to 1986-87.

Notification No. S.O.1005-Income Tax, Dated: 26.02.1987

February 26, 1987 394 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 Nemmeli Sri Alavandar Charities, Mamallapuram, Chingleput for the purpose of the said clause for the assessment years 1984-85 to 1986-87.

Notification No. S.O.1113-Income Tax, Dated: 26.02.1987

February 26, 1987 286 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 makes notifies Sri Ramaswamy Temple, Thiruvangad Tellicherry, (Kerala State) to be a place of artistic importance for the purpose of the said clause.

Notification No. S.O.1114-Income Tax, Dated: 26.02.1987

February 26, 1987 439 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 Sri Kasi Viswanathar Temple and Sri Alagirinathar Temple in Salem District of Tamil Nadu to be of historic importance for the purpose of the said clause.

Notification No. S.O.1116-Income Tax, Dated: 26.02.1987

February 26, 1987 358 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 Catholic Church, Cambay, Gujarat , for the purpose of the said clause for the assessment years 1985-86 to 1987-88.

Notification No. S.O.1228-Income Tax, Dated: 26.02.1987

February 26, 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 Arulmigu Subramania Swamy Thirukkoil (Maruthamalai Temple), Coimbatore , for the purpose of the said clause for the assessment years 1981-82 to 1984-85.

Notification No. S.O.1761-Income Tax, Dated: 26.02.1987

February 26, 1987 394 Views 0 comment Print

Notification No. S.O.1761-Income Tax, Dated: 26.02.1987 Central Government hereby notifies Maratha Mandir, Bombay , for the purpose of the said clause for the assessment year 1988-89.

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