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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


Common Mistakes While Responding to Income Tax Notices

Income Tax : The issue is frequent additions arising from poor handling of notices. It highlights that improper or incomplete responses lead to...

April 17, 2026 102 Views 0 comment Print

Buyback Tax Reset: Promoter Penalty and New Capital Gains Framework

Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...

April 16, 2026 210 Views 0 comment Print

Section 378, Income-tax Act, 2025: Revision of Other Orders, Procedure & Relief

Income Tax : Clarifies that revision under sections 264 and 378 is a taxpayer-friendly remedy where authorities cannot pass orders prejudicial ...

April 16, 2026 96 Views 0 comment Print

Section 263 & 377 Notices – Income-tax Act, 2025: Reply, Remedies & Mitigation

Income Tax : Clarifies that revision under both old and new tax laws requires proof of error and revenue prejudice. Mere disagreement with the ...

April 16, 2026 117 Views 0 comment Print

Income Tax Act, 2025: A New Compliance Regime For NPOs

Income Tax : The issue addressed is fragmented and complex compliance for NPOs under earlier law. The new Act consolidates provisions and intro...

April 15, 2026 1665 Views 0 comment Print


Latest News


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 3225 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 7884 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 846 Views 0 comment Print

Income-tax Act, 2025 comes into force from 1st April, 2026

Income Tax : The government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...

April 4, 2026 3474 Views 1 comment Print

Record 219 APAs Signed Due to Rising Need for Transfer Pricing Certainty

Income Tax : CBDT signed a record number of APAs to provide clarity on transfer pricing and reduce disputes. The framework ensures advance dete...

April 1, 2026 222 Views 0 comment Print


Latest Judiciary


Set-Off of Loss Denied as Kerala Agriculture Income Tax Not Permits Transfer in Amalgamation: SC

Income Tax : The Supreme Court held that the Kerala Agricultural Income Tax Act does not allow an amalgamated company to claim losses of the am...

April 17, 2026 33 Views 0 comment Print

Delay of 3 Days in Appeal Filing Must Be Condoned to Advance Substantial Justice: ITAT Nagpur

Income Tax : A three-day delay in filing an appeal was rejected by CIT(A), but the tribunal held that minor delays should not defeat justice. T...

April 17, 2026 57 Views 0 comment Print

Reassessment Quashed as Wrong Provision Invoked Instead of Section 153C: ITAT Jaipur

Income Tax : The Tribunal held that reopening under Section 147 was invalid where it was based on third-party search material. It ruled that Se...

April 17, 2026 51 Views 0 comment Print

Transfer of passive infrastructure assets to Vodafone Infrastructure was a ‘Gift’ eligible for sec 47(iii) exemption

Income Tax : Transfer of passive infrastructure (PI) assets under a court-approved scheme of demerger without consideration qualified as a gift...

April 16, 2026 114 Views 0 comment Print

No Capital Gains Without Consideration Under Development Agreement: ITAT Hyderabad

Income Tax : The Tribunal held that a development agreement granting only a limited license for construction does not constitute transfer under...

April 16, 2026 165 Views 0 comment Print


Latest Notifications


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 663 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 408 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 138 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 114 Views 0 comment Print

Corrigendum to Notification of Income tax return Form 5 (ITR 5)

Income Tax : The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accura...

April 11, 2026 117 Views 0 comment Print


Notification No. S.O.1283 Date of Issue: 24/2/1977

February 24, 1977 520 Views 0 comment Print

The National Chemical Laboratory, Poona, is a unit of Council of Scientific & Industrial Research, New Delhi, which stands approved under section 10(2)(xiii) of the Income-tax Act, 1922, vide notification No. 34 dated 23rd November, 1946.

Notification No. S.O.1282 Date of Issue: 24/2/1977

February 24, 1977 358 Views 0 comment Print

The National Chemical Laboratory, Poona, is a laboratory of the Council of Scientific & Industrial Research which has been approved under section 10(2)(xiii) of the Income-tax Act, 1922, vide notification No. 34 dated 23rd November, 1946.

Notification No. S.O.1075 Date of Issue: 24/2/1977

February 24, 1977 388 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-clause (2) of section 35D of the Income-tax Act, 1961, in the field of refractory manufacturing : Institution

Notification No. S.O.1068 Date of Issue: 24/2/1977

February 24, 1977 463 Views 0 comment Print

that the said Institute will furnish the annual return 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.2178 Date of Issue: 23/2/1977

February 23, 1977 364 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 ” Rajput Charitable Trust, Jammu “, for the purpose of the said section for and from the assessment year 1972-73.

Notification No. S.O.1991 Date of Issue: 23/2/1977

February 23, 1977 337 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 Ex-Services League, New Delhi “, for the purpose of the said section.

Notification No. S.O.1990 Date of Issue: 21/2/1977

February 21, 1977 301 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 ” Kasturba Gandhi National Memorial Trust, Indore ” for the purposes of the said section for and from the assessment year 1976-77.

Notification No. S.O.1989 Date of Issue: 21/2/1977

February 21, 1977 367 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 Society of Immaculate Heart of Mary-Dindigul ” for the purpose of the said section.

Notification No. S.O.1067 Date of Issue: 19/2/1977

February 19, 1977 325 Views 0 comment Print

that the said Institute will furnish the annual return 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. Institution

Notification No. S.O.1281 Date of Issue: 16/2/1977

February 16, 1977 304 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, New Delhi, the prescribed authority, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

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