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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


FAQs on Penalty provisions under Income Tax Act, 1961

Income Tax : This guide explains when penalties can be imposed under various provisions of the Income-tax Act, 1961. It also outlines the appli...

June 22, 2026 5700 Views 0 comment Print

One Mismatch Away from a Notice: How 3CD–ITR Gaps Trigger Scrutiny

Income Tax : Even genuine reporting differences between Form 3CD and the ITR can attract automated scrutiny. This article explains key reconcil...

June 22, 2026 111 Views 0 comment Print

Why 30 June Matters: Last Date for Section 143(2) Income Tax Scrutiny Notices

Income Tax : The article explains that 30 June is the Department's deadline to issue scrutiny notices for eligible returns, not a filing deadli...

June 22, 2026 123 Views 0 comment Print

Why You Shouldn’t Let AI File Your Income Tax Return Without Professional Review

Income Tax : AI can simplify tax work but cannot replace professional judgment in income tax filing. The article explains why human review rema...

June 22, 2026 87 Views 0 comment Print

Appellate Kill Shot to Reassessment Notices Under Section 148/148A

Income Tax : This article explains why reassessment proceedings may be invalid if the Assessing Officer merely relies on Investigation Wing rep...

June 20, 2026 681 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 192 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 6178 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 282 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 3951 Views 1 comment Print


Latest Judiciary


Pune ITAT Deletes ₹4.02 Crore ‘On-Money’ Addition; Third-Party Statements and Dumb Documents Not Enough

Income Tax : The Tribunal held that contradictory third-party statements and unverified allegations cannot form the sole basis for taxing alleg...

June 22, 2026 39 Views 0 comment Print

Pune ITAT Deletes ₹50 Lakh Penalty U/s 271D; Third-Party Statement Alone Cannot Prove Cash Loan

Income Tax : The ITAT held that an untested third-party statement, without supporting evidence or cross-examination, cannot form the sole basis...

June 22, 2026 72 Views 0 comment Print

Pune ITAT Quashes Section 263 Revision; Detailed AO Enquiry Bars Revision on Mere Change of Opinion

Income Tax : The ITAT held that Section 263 cannot be invoked where the Assessing Officer has made necessary inquiries and adopted a plausible ...

June 22, 2026 48 Views 0 comment Print

Pune ITAT: BSNL VRS Compensation Fully Exempt u/s 10(10B); Delay in Appeal Condoned

Income Tax : The ITAT held that BSNL employees are entitled to full exemption under Section 10(10B) for compensation received under the 2019 VR...

June 22, 2026 84 Views 0 comment Print

Section 263 Revision Quashed as AO Had Examined Section 80G Claim on CSR Expenses

Income Tax : The ITAT Mumbai held that revision under Section 263 was not justified where the Assessing Officer had examined and consciously al...

June 22, 2026 60 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 49506 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 783 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 615 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 234 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 192 Views 0 comment Print


Notification No. S.O.470-Income Tax, Dated: 26.12.1985

December 26, 1985 328 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Nilgiri Diocesan Society, Ootacamund”, for the purpose of the said section for the period covered by the assessment years 1980-81 to 1985-86.

Notification No. S.O.469-Income Tax, Dated: 26.12.1985

December 26, 1985 397 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Gita Bhawan Trust Society (Regd.) Moga”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.468-Income Tax, Dated: 19.12.1985

December 19, 1985 349 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Jawan’s Welfare Trust Maharashtra”, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.555-Income Tax, Dated: 19.12.1985

December 19, 1985 394 Views 0 comment Print

It is notified for general information that the approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to Electrical Research and Development Association, vide Ministry of Finance (Department of Revenue & Insurance) Notification No. 710 (F. No. 203/48/74-ITA. II) dated 26-8-1974, is hereby restricted up to 31-3-1984.

Notification No. S.O.198-Income Tax, Dated: 19.12.1985

December 19, 1985 307 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 “Arulmigu Vellingiri Andavar Temple, Poondi”, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1986-87.

Notification No. S.O.197-Income Tax, Dated: 19.12.1985

December 19, 1985 352 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 Institute of the Franciscan Missionaries of Mary Society No. 9”, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1986-87.

Notification No. S.O.554 – Income Tax Dated 19/12/1985

December 19, 1985 474 Views 0 comment Print

Notification No.S.O.554 – Income Tax It is hereby notified for general information that consequent upon the change in the name of “Reghvendra Industrial Research Foundation”, Delhi, to “Punjab Research Institute” w.e.f. 28-8-1981, the name of the Institution in the Ministry of Finance

Notification No. S.O.901(E)-Income Tax, Dated: 18.12.1985

December 18, 1985 385 Views 0 comment Print

This notification contains Amendment to Income-tax (Eighth Amendment) Rules, 1985 carried out on 18th December, 1985 not reproduced here as it is already contained in the body of the rules itself.

Notification No. S.O.477-Income Tax, Dated: 17.12.1985

December 17, 1985 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.476-Income Tax, Dated: 17.12.1985

December 17, 1985 328 Views 0 comment Print

That the said Institute will not receive any sums to be used for social science research towards the activities of the Economic Research Division of Department of Science and Industrial Research, Delhi, and for any other non-research objectives. It will also not spend any sums received under section 35(1)(ii) towards the aforesaid activities.

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