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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


Old vs New Income Tax Regime: 7 Costly Mistakes to Avoid in FY 2026-27

Income Tax : Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including deductions, deadlines,...

April 19, 2026 1779 Views 0 comment Print

Choose Your Subcontractor Wisely: A Costly ITAT Lesson

Income Tax : ITAT Kolkata remands case on disallowance of subcontractor expenses, stressing need for evidence, due diligence, and verification ...

April 19, 2026 1485 Views 0 comment Print

Concise Manual for Non-Profit Organizations under Income Tax Act 2025

Income Tax : The new law introduces a structured framework for NPO registration, income application, and taxation. It simplifies compliance but...

April 18, 2026 492 Views 0 comment Print

Form 41 for DTAA Claims: Complete Guide under Income Tax Act 2025  

Income Tax : Form 41 is now compulsory for non-residents claiming DTAA benefits, replacing Form 10F. The update mandates online filing and ensu...

April 18, 2026 2685 Views 0 comment Print

Notices under New Income Tax Act 2025 – Step-by-Step Response Guide

Income Tax : Notices are increasingly triggered by AIS/TIS mismatches and automated systems. Accurate reporting and reconciliation are key to a...

April 18, 2026 114 Views 0 comment Print


Latest News


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 168 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 3294 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 7926 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 870 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 3507 Views 1 comment Print


Latest Judiciary


Bombay Quashed Section 148 Notice Due to Issuance by Wrong Authority

Income Tax : The issue was whether a reassessment notice issued by a jurisdictional officer instead of a faceless officer is valid. The Court h...

April 18, 2026 1203 Views 0 comment Print

No Addition for Cessation of Liability if no Evidence of Remission: ITAT Mumbai

Income Tax : The Tribunal held that addition under Section 41(1) cannot be made without proof of actual cessation of liability. It found that m...

April 18, 2026 120 Views 0 comment Print

Tenancy Rights Transfer Taxable Only on Possession: STCG Addition Deleted

Income Tax : The Tribunal ruled that surrender of tenancy rights occurs only upon receiving new property possession. As possession was given la...

April 18, 2026 96 Views 0 comment Print

JDA May Trigger Transfer- But No Double Taxation Allowed: Karnataka HC Relief

Income Tax : The issue involved taxing capital gains from a development agreement in multiple years. The court held the same income cannot be t...

April 18, 2026 114 Views 0 comment Print

CIT(A) Enhancement Quashed for No Notice – ITAT Restores LTCG Issues to AO

Income Tax : The Tribunal held that enhancement of income without issuing notice under section 251(2) is invalid. Such action violates principl...

April 18, 2026 84 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 477 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 1491 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 426 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 150 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 135 Views 0 comment Print


Notification: S.O.83 Date of Issue: 27/10/1976

October 27, 1976 355 Views 0 comment Print

Notification: S.O.83 Industrial Consulting Bureau Private Limited, Bombay. This approval takes effect from 27-2-1976.

Notification: S.O.4065 Date of Issue: 25/10/1976

October 25, 1976 343 Views 0 comment Print

Notification: S.O.4065 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 “Jawan

Notification: S.O.4064 Date of Issue: 25/10/1976

October 25, 1976 466 Views 0 comment Print

Notification: S.O.4064 Section(s) Referred: 10 ,10(23C) ,10(23C)(iv) Statute: INCOME TAX Date of Issue: 25/10/1976 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 following funds for the purpose of the said section for and from the assessment year(s) 1976-77.

Notification: S.O.4063 Date of Issue: 25/10/1976

October 25, 1976 454 Views 0 comment Print

Notification: S.O.4063 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 ‘Amalgamated Tamilnadu Shares of Post War Services Reconstruction and Rehabilitation of Ex-servicemen Fund’, for the purpose of the said section for and from the assessment ye

Notification: S.O.4676 Date of Issue: 18/10/1976

October 18, 1976 321 Views 0 comment Print

Notification: S.O.4676 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 Shri Digamber Jain Atishya Kshetr

Notification: S.O.4675 Date of Issue: 18/10/1976

October 18, 1976 337 Views 0 comment Print

Notification: S.O.4675 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 Shri Dhyneshwar Maharaj Sa

Notification: S.O.4062 Date of Issue: 18/10/1976

October 18, 1976 358 Views 0 comment Print

Notification: S.O.4062 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 Officer

Notification: S.O.4061 Date of Issue: 18/10/1976

October 18, 1976 334 Views 0 comment Print

Notification: S.O.4061 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 ‘Ratan Deep Trust

Notification: S.O.4570 Date of Issue: 12/10/1976

October 12, 1976 292 Views 0 comment Print

Notification: S.O.4570 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the pres

Notification: S.O.4569 Date of Issue: 30/9/1976

September 30, 1976 337 Views 0 comment Print

Notification: S.O.4569 That the said University 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 i

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