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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


Zero Tax Liability on ₹20.54 Lakh Salary Under Old Tax Regime – A Case Study

Income Tax : The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows that structured allowan...

April 23, 2026 369 Views 0 comment Print

Unaccounted cash receipt Addition Invalid Due to Denial of Cross-Examination in Third-Party Document Case

Income Tax : The ruling clarifies that unverified excel sheets seized from third parties cannot justify additions without corroborative evidenc...

April 23, 2026 201 Views 0 comment Print

Key Changes in Income Tax Forms under Income Tax Act 2025 (Part-1)

Income Tax : The new law replaces the 1961 Act with a simplified, structured tax system. It reduces compliance burden through streamlined forms...

April 23, 2026 183 Views 0 comment Print

US Taxation – IRS Audits

Income Tax : The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights taxpayer duties, righ...

April 22, 2026 600 Views 0 comment Print

No TDS on Transport Payments: Declaration Format Under Income Tax Act 2025

Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...

April 21, 2026 3261 Views 4 comments Print


Latest News


CBDT Refutes Allegations of Tax Raid, Terms Claims Baseless; Complaint Filed with Election Commission & Police

Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...

April 21, 2026 240 Views 0 comment Print

CAAS Moves Supreme Court on ITAT Vacancies

Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...

April 18, 2026 267 Views 0 comment Print

Massive Tax Irregularities Found Due to Improper Deductions by Banks & NBFCs: CAG

Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...

April 6, 2026 3387 Views 0 comment Print

Free Live Webinar: Decoding the New Income Tax Act, 2025

Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...

April 5, 2026 8010 Views 0 comment Print

Representation for enhancement of monetary limit for SMC cases before ITAT

Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...

April 4, 2026 888 Views 0 comment Print


Latest Judiciary


Employee Exit Is Sufficient Cause: ITAT Condoned Delay and Restores Appeal for Fresh Hearing

Income Tax : ITAT Bangalore condoned a 143-day delay caused by employee resignation, holding procedural lapses shouldnt deny justice. CIT(A)s o...

April 24, 2026 33 Views 0 comment Print

ITAT Bangalore: Bogus Purchase Addition Cannot Be Made Without Independent Inquiry-Entire Disallowance Deleted

Income Tax : The tribunal held that disallowance based solely on third-party information without independent verification is unsustainable. It ...

April 24, 2026 30 Views 0 comment Print

ITAT Bangalore: Power Generation Incentive Eligible for 80-IA Deduction-Direct Nexus with Business Established

Income Tax : The tribunal held that generation-based incentive linked to electricity output qualifies for deduction under Section 80-IA. It rul...

April 24, 2026 45 Views 0 comment Print

Even in Ex-Parte Assessment, Gross Deposits Can’t Be Taxed as Income: ITAT Remands with Cost

Income Tax : ITAT Bangalore held that even in ex-parte assessments, gross bank deposits cannot be taxed as income without proper inquiry. Delay...

April 24, 2026 48 Views 0 comment Print

CSR Trust Denied Registration Wrongly: ITAT Directs Grant of 12AB & 80G Approval

Income Tax : ITAT Bangalore held CSR trust denial unjustified, ruling donation genuineness proven and no 3-year track record needed. Directed g...

April 24, 2026 42 Views 0 comment Print


Latest Notifications


Income Tax Notification Corrected Due to Technical Errors in Rules & References

Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...

April 17, 2026 795 Views 0 comment Print

Transition from Form 15G/15H to Consolidated Form 121 for TDS-exempted Incomes

Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...

April 15, 2026 2499 Views 0 comment Print

Corrigendum to Notification of Income tax return Form U

Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...

April 11, 2026 477 Views 0 comment Print

Corrigendum to Notification of Income tax return Form 7 (ITR 7)

Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...

April 11, 2026 174 Views 0 comment Print

Corrigendum to Notification of Income tax return Form 6 (ITR 6)

Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...

April 11, 2026 201 Views 0 comment Print


Notification No. S.O.1652-Income Tax, Dated: 25.03.1980

March 25, 1980 412 Views 0 comment Print

That the Association will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the Association will furnish annual returns of its scientific research activities to the Council for each financial year by 31st May, each year, at the latest in such form as may be laid down and intimated to them for this purpose.

Notification No. S.O.1653-Income Tax, Dated: 25.03.1980

March 25, 1980 502 Views 0 comment Print

That the Institute will furnish an annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.1299-Income Tax, Dated: 20.03.1980

March 20, 1980 307 Views 0 comment Print

This notification contains Corrigendum to Income-tax Act carried out on 20th March, 1980 not reproduced here as it is already in the body of the act itself.

Notification No. S.O.1651-Income Tax, Dated: 20.03.1980

March 20, 1980 385 Views 0 comment Print

The All India Heart Foundation, New Delhi, has been approved under section 35(1)(ii) of the Income-tax Act, vide Ministry of Finance, Department of Revenue, Notification No. 1873 (F. No. 203/87/77-ITA-II), dated the 16th July, 1977.

Notification No. S.O.1521-Income Tax, Dated: 19.03.1980

March 19, 1980 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 “Sri Narasimha Swamy Temple, Urukunda” for the purpose of the said section for the assessment year(s) 1972-73 to 1980-81.

Notification: S.O.1491-Income Tax, Dated: 19.03.1980

March 19, 1980 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 Sri Mahanandeeswara Devasthanam, Mahanandi, for the purpose of the said section for the assessment year(s) 1973-74 to 1980-81.

Notification No. S.O.84-Income Tax, Dated: 19.03.1980

March 19, 1980 397 Views 0 comment Print

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Gurudwara Shri Hemkunt Sahib, Chamoli, Uttar Pradesh, to be a place of public worship of renown throughout the State of Uttar Pradesh for the purposes of the said section.

Notification No. S.O.1413-Income Tax, Dated: 12.03.1980

March 12, 1980 613 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 Jhargram Leprosy Project for the purpose of the said section for the assessment year(s) 1980-80 and 1980-81.

Notification No. S.O.1414-Income Tax, Dated: 12.03.1980

March 12, 1980 310 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 Army Welfare Housing Organisation for the purpose of the said section for the assessment year(s) 1980-80 and 1980-81.

Notification No. S.O.1415-Income Tax, Dated: 12.03.1980

March 12, 1980 295 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 Indian Parliamentary Group for the purpose of the said section from the assessment year 1962-63 to the assessment year 1980-81.

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