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Latest Articles


Form 10BD Filing & Correction Guide: Revised Forms, Omitted Donors & 80G Issues

Income Tax : The article explains how accurate Form 10BD reporting protects donor deduction claims, prevents penalties, and ensures consistency...

June 15, 2026 252 Views 0 comment Print

June 2026 Advance Tax: Key Checks Under New Income Tax 2025

Income Tax : The article explains what remains unchanged under the new tax law while highlighting critical compliance checks taxpayers should u...

June 15, 2026 1470 Views 0 comment Print

Can Depreciation Be Claimed Separately After Income Is Estimated Under Section 145(3)?

Income Tax : AO rejects books of accounts and applies flat net profit rate. Can taxpayer claim depreciation separately or is it embedded in tha...

June 15, 2026 90 Views 0 comment Print

Top 5 Mistakes Taxpayers Make While Filing Income Tax Return (ITR)

Income Tax : The article highlights common return filing errors, including wrong ITR forms and income mismatches, that can result in defective ...

June 15, 2026 93 Views 0 comment Print

ITAT Deletes Section 14A Disallowance Because No Exempt Income Was Earned

Income Tax : The ITAT Bangalore held that no disallowance under section 14A read with Rule 8D can be made where the assessee did not earn exemp...

June 15, 2026 57 Views 0 comment Print


Latest News


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 6103 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 258 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 1728 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 3810 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3990 Views 0 comment Print


Latest Judiciary


ITAT: CIT(A) Cannot Bypass Rule 46A; If Property Is Stock-in-Trade, Section 43CA Must Also Be Examined

Income Tax : The Hyderabad ITAT observed that if a property is treated as stock-in-trade, the applicability of Section 43CA cannot be ignored. ...

June 15, 2026 27 Views 0 comment Print

Hyderabad ITAT Quashes Reassessment: No Notice Under Section 143(2), Entire Assessment Held Void

Income Tax : The Tribunal quashed the reassessment after finding that the Assessing Officer failed to issue notice under Section 143(2). The de...

June 15, 2026 39 Views 0 comment Print

ITAT Quashes Reassessment: AO Reopened Case on Wrong Assumption That Assessee Was a Non-Filer

Income Tax : The Tribunal quashed the reassessment after finding that the assessee had already filed the return under Section 139 before issuan...

June 15, 2026 69 Views 0 comment Print

Confirming Party Cannot Be Taxed on Entire Sale Consideration-ITAT Deletes ₹3.27 Crore Addition

Income Tax : The Tribunal ruled that the Revenue cannot assess the full transaction value in the hands of a confirming party absent proof of be...

June 15, 2026 72 Views 0 comment Print

ITAT Deletes Capital Gains Addition: Agreement to Sell Alone Does Not Amount to Transfer

Income Tax : ITAT deleted the addition after finding that neither possession nor ownership had passed during the relevant assessment year. The ...

June 15, 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 47916 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 675 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 537 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 198 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 162 Views 0 comment Print


Notification No. S.O.2571 – Income Tax date 24/7/1981

July 24, 1981 448 Views 0 comment Print

Notification No. S.O.2571 – Income Tax 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 Swarga Ashram Trust, for the purpose of the said section for the period covered by the assessment years 1981-82 to 1983-84

Notification No. S.O.2569 – Income Tax Date 24/7/1981

July 24, 1981 322 Views 0 comment Print

Notification No. S.O.2569 – Income Tax 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 Bet Devasthan Samiti of Bet-Dwarka, for the purpose of the said section for the period covered by the assessment years 1964-65 to 1981-82

Notification No. S.O.2568 – Income Tax Date 24/7/1981

July 24, 1981 298 Views 0 comment Print

Notification No. S.O.2568 – Income Tax 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 Gita Bhawan Trust Society (Regd.), for the purpose of the said section for the period covered by the assessment years 1974-75 to 1977-78 and 1981-82

Notification No. S.O.2444 – Income Tax Date 24/7/1981

July 24, 1981 352 Views 0 comment Print

Notification No. S.O.2444 – Income Tax 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 Shree Rama Vaikunoh Temple Trust, Pushkar, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85

Notification No. S.O.3525 – Income Tax Date 22/7/1981

July 22, 1981 475 Views 0 comment Print

Notification No. S.O.3525 – Income Tax It is hereby notified for general information that the approval granted to the Gujarat Institute of Chemical Technology, Ahmedabad, u/s. 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue and Insurance), Notification No. 132 (F. No. 10/91/68—ITA II), dated 11th December, 1968, is hereby restricted up to 31-3-1983

Notification No. S.O.558(E – Income Tax Date 14/7/1981

July 14, 1981 442 Views 0 comment Print

Notification No. S.O.558(E – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Notification No. S.O.1897 – Income Tax Date 6/7/1981

July 6, 1981 511 Views 0 comment Print

Notification No. S.O.1897 – Income Tax 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 Dental Association for the purpose of the said section for the period covered by the assessment years 1977-78 to 1981-82

Circular No. 309 -Income Tax dated 3-7-1981

July 3, 1981 4509 Views 0 comment Print

Circular No. 309 -Income Tax In terms of para 1(iv) of O.M. No. 16(2)-E-IV(A)/73, dated 9-1-1974 issued by the Ministry of Finance, Department of Expenditure, the family of a Government servant, who dies in harness, is entitled to receive the cash equivalent of the leave salary that the deceased Government employee would have got if he had gone on earned leave. The amount is payable on the date

Notification No. S.O.2441 – Income Tax Date 3/7/1981

July 3, 1981 511 Views 0 comment Print

Notification No. S.O.2441 – Income Tax 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 Dwarkadishji Mandir, Bet (Gujarat), to be a place of public worship of renown throughout the State of Gujarat for the purposes of the said section

Circular No. 308-Income Tax dated 29-6-1981

June 29, 1981 1731 Views 0 comment Print

Circular No. 308-Income Tax 3.1 The rates of income-tax for the assessment year 1981-82 in the case of all categories of assessees (corporate as well as non-corporate) are specified in Part I of the First Schedule to the Finance Act. These rates are the same as those specified in Part III of the First Schedule to the Finance (No. 2) Act, 1980 for the purposes of computation of advance tax, deduction of tax at source from salaries

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