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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


ESOP Buyback in Unlisted Companies: Two-Tax Problem Employees Aren’t Prepared For

Income Tax : The article explains how ESOP taxation in unlisted companies occurs at both exercise and buyback stages. It highlights perquisite ...

June 22, 2026 249 Views 0 comment Print

FAQs on Compounding of Offences under Income Tax Act, 1961

Income Tax : The FAQs explain the revised CBDT guidelines on compounding offences under the Income-tax Act effective from 17 October 2024. They...

June 22, 2026 2184 Views 0 comment Print

FAQs on Exemption available from Capital gains under Income Tax Act, 1961

Income Tax : Learn the eligibility, investment conditions, exemption limits, timelines, and withdrawal provisions for capital gains exemptions ...

June 22, 2026 7104 Views 0 comment Print

FAQs on Disallowance of cash expenses or limit on cash transactions

Income Tax : This FAQ serves as a reference for the Income-tax Act provisions relating to cash receipts, loans, repayments, and electronic paym...

June 22, 2026 4881 Views 0 comment Print

FAQs on ICDS (Income Computation and Disclosure Standards)

Income Tax : This FAQ covers all ten notified ICDS, explaining their scope, applicability, disclosures, and treatment of various tax-related tr...

June 22, 2026 7581 Views 0 comment 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 207 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 6184 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 285 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 1866 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 3957 Views 1 comment Print


Latest Judiciary


Section 271D Penalty Challenge Relegated to Statutory Remedy as Facts Were Disputed

Income Tax : The Kerala High Court held that factual disputes relating to a penalty under Section 271D must first be examined through the statu...

June 23, 2026 9 Views 0 comment Print

Section 50C Cannot Deny Indexed Cost of Improvement Claim: ITAT Hyderabad

Income Tax : The ITAT held that Section 50C only substitutes the sale consideration for capital gains computation and does not prohibit deducti...

June 23, 2026 9 Views 0 comment Print

ITAT v Adopts CBDT-Approved APA Rate for Royalty and FTS ALP

Income Tax : The ITAT held that the royalty and FTS adjustment was excessive and directed the Assessing Officer to apply the 1.9% rate accepted...

June 23, 2026 9 Views 0 comment Print

ITAT Quashes Section 270A Penalty as POEM-Based Tax Position Was Debatable

Income Tax : The ITAT held that the assessee's exclusion of income based on the Place of Effective Management provisions involved a bona fide a...

June 23, 2026 21 Views 0 comment Print

Sales Tax Subsidy Linked to Capital Investment is Capital Receipt: ITAT Mumbai

Income Tax : The ITAT Mumbai held that sales tax and similar State Government incentives were capital receipts because the schemes were intende...

June 22, 2026 90 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 49629 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 792 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 621 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 240 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 201 Views 0 comment Print


Notification No. S.O.1594-Income Tax, Dated: 11.09.1986

September 11, 1986 409 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 rejected.

Notification No. S.O.4014-Income Tax, Dated: 11.09.1986

September 11, 1986 319 Views 0 comment Print

That the said Association 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.4013-Income Tax, Dated: 11.09.1986

September 11, 1986 373 Views 0 comment Print

That the said Association 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.4015-Income Tax, Dated: 11.09.1986

September 11, 1986 391 Views 0 comment Print

That the said Association 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.4096-Income Tax, Dated: 11.09.1986

September 11, 1986 457 Views 0 comment Print

It is hereby notified for general information that the approval granted to Shri Ram Scientific and Industrial Research Foundation, Delhi, under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue) Notification No. 475 (F. No. 10/90/64-ITA-II) dated 1-2-1965, is hereby restricted up to 31-3-1987.

Notification No. S.O.4097-Income Tax, Dated: 11.09.1986

September 11, 1986 394 Views 0 comment Print

It is hereby notified for general information that the approval granted to Tuberculosis Research Centre, Amargadh, under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue) Notification No. 581 (F. No. 203/19/74-ITA.II) dated 27-3-1974, is hereby restricted up to 31-3-1986.

Notification No. S.O.4095-Income Tax, Dated: 10.09.1986

September 10, 1986 331 Views 0 comment Print

The Centre can submit details of any other programme they would like to undertake and obtain clearance from time to time from DSIR.

Notification No. S.O.3605-Income Tax, Dated: 08.09.1986

September 8, 1986 382 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 “Sree Adya Jagadguru Sankaracharya Shree Mahasamasthana Gokarna Trust” for the purpose of the said clause for the assessment years 1984-85 to 1986-87.

Notification No. S.O.3606-Income Tax, Dated: 08.09.1986

September 8, 1986 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 “The Bombay Society of the Franciscan Sisters of Mary” for the purpose of the said clause for the assessment years 1983-84 to 1986-87.

Notification No. S.O.3604-Income Tax, Dated: 08.09.1986

September 8, 1986 427 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 “Society of the Sisters of the Divine Saviour, Manjalumoodu” for the purpose of the said clause for the assessment years 1982-83 to 1986-87.

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