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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 Annual Information System (AIS) & Taxpayer Information Summary (TIS)

Income Tax : The Income Tax Department has clarified the purpose, contents, and access to the Annual Information Statement (AIS) and Taxpayer I...

June 20, 2026 5835 Views 1 comment Print

FAQs on Benami Property Transactions and Definitions

Income Tax : The Income Tax Department has issued comprehensive FAQs explaining what constitutes a benami property and benami transaction under...

June 20, 2026 4314 Views 0 comment Print

FAQs on taxation of charitable or religious trusts under Income Tax Act, 1961

Income Tax : The Income Tax Department has issued detailed FAQs explaining registration, audit, return filing, investment norms, and tax exempt...

June 20, 2026 15285 Views 2 comments Print

FAQs on interest under section 234A, 234B, 234C and 234D

Income Tax : The Income Tax Department explains when interest is payable for delayed return filing, advance tax defaults, deferment of instalme...

June 20, 2026 12417 Views 0 comment Print

ITAT Quashes Section 153C Assessment Due to Lack of Independent Satisfaction

Income Tax : ITAT Jaipur held that proceedings under Section 153C are invalid where the Assessing Officer merely reproduces information from th...

June 20, 2026 90 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 150 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 6157 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 276 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 1836 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 3900 Views 1 comment Print


Latest Judiciary


ITAT Annuls Section 153A Assessment as Search Warrant Was Not in Assessee’s Name

Income Tax : The Tribunal affirmed the CIT(A)'s order annulling assessments because the search was not conducted in the assessee's name. It als...

June 20, 2026 57 Views 0 comment Print

ITAT Rejects Recall Plea as COVID Limitation Extension Not Apply to Assessment Proceedings

Income Tax : The ITAT held that the Supreme Court’s COVID-19 limitation extension did not apply to statutory timelines for completing income-...

June 20, 2026 60 Views 0 comment Print

ITAT Deletes GP Addition as AO Failed to Reject Books Under Section 145(3)

Income Tax : The ITAT Raipur held that estimated gross profit addition on unrecorded sales cannot be sustained when the Assessing Officer has n...

June 20, 2026 63 Views 0 comment Print

Karnataka HC Orders Refund After Entire Tax Demand Was Recovered Despite Interim Stay

Income Tax : The Karnataka High Court set aside the impugned order after finding that the entire tax demand had been recovered despite an inter...

June 20, 2026 51 Views 0 comment Print

ITAT Deletes MAT Addition Because Convertible Debentures Were Not Compound Financial Instruments

Income Tax : The ITAT Mumbai held that the assessee's convertible debentures lacked the liability component required for classification as Comp...

June 20, 2026 45 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 49203 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 753 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 591 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 228 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 183 Views 0 comment Print


Notification No. S.O.3850 – Income Tax Dated 16/7/1985

July 16, 1985 447 Views 0 comment Print

Notification No- S.O.3850 – Income Tax 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 ” Malankara Marthoma Syrian Church of Malabar ” for the purpose of the said section for the period covered by the assessment years 1984-85 to 1986-87

Notification No. S.O.4378 – Income Tax Dated 10/7/1985

July 10, 1985 402 Views 0 comment Print

Notification No- S.O.4378 – Income Tax It is hereby notified for general information that the approval granted to Special Coffee Association, Madras, vide Ministry of Finance Notification No. 79 (F. No. 10/81/64–ITA. I), dated November 16, 1964, is hereby withdrawn with effect from April 30, 1985

Notification No. S.O.4377 – Income Tax Dated 10/7/1985

July 10, 1985 441 Views 0 comment Print

Notification No- S.O.4377 – Income Tax In continuation of this office notification No. 6059 (F. No. 203/205/84–ITA. II) dated 26-11-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 (Thirty-five/one/three) of the Income-tax Act

Circular No. 424-Income Tax Dated 9-7-1985

July 9, 1985 714 Views 0 comment Print

Circular No. 424-Income Tax In exercise of the powers conferred by sub-section (2A) of section 4 of the Estate Duty Act, 1953 (34 of 1953), and in partial modification of all previous notifications and orders on the subject, the Central Board of Direct Taxes hereby directs that the Commissioners of Income-tax (Appeals) appointed as Appellate Controllers of Estate Duty shall exercise their powers in respect of

Notification No. S.O.4251- Income Tax Dated 8/7/1985

July 8, 1985 504 Views 0 comment Print

Notification No- S.O.4251- Income Tax 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 ” J.R.D. Tata Trust, Bombay “, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88

Notification No. G.S.R.537(E) – Income Tax Dated 1/7/1985

July 1, 1985 14682 Views 0 comment Print

Notification No- G.S.R.537(E) – Income Tax In exercise of the powers conferred by the third proviso to clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount which is for the time being exempt under sub-clause (i) of the said clause, hereby increases the limit of thirty-six thousand rupees to fifty thousand rupees for all the three purposes mentioned in the

Notification No. S.O.4241- Income Tax Dated 28/6/1985

June 28, 1985 468 Views 0 comment Print

Notification: – No- S.O.4241- Income Tax 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 ” The Bharat Scouts and Guides “, for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88.

Notification No. S.O.4240 – Income Tax Dated 28/6/1985

June 28, 1985 510 Views 0 comment Print

Notification No- S.O.4240 – Income Tax 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 ” Sri Krishna Gopal Ayurved Bhawan (Dharmarth Aushdhalaya), Kalera, Distt. Ajmer “, for the purpose of the said section for the period covered by the assessment years 1980-81 to 1985-86

Notification No. S.O.3969 – Income Tax Dated 28/6/1985

June 28, 1985 414 Views 0 comment Print

Notification: S.O.3969 – Income Tax 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 ” Sri Ramakrishna Tapovanam ” for the purpose of the said section for the period covered by the assessment years 1983-84 to 1986-87

Notification No. S.O.3846 – Income Tax Dated 28/6/1985

June 28, 1985 432 Views 0 comment Print

Notification No- S.O.3846 – Income Tax 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 ” Sri Gajanan Maharaj Sansthan, Shegaon, Khargoan, District Buldana (Maharastra) ” for the purpose of the said section for the period covered by the assessment years 1985-86 to 1987-88

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