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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


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 72 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 996 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 75 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 51 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 51 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 1725 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 3807 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


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 27 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 39 Views 0 comment Print

Natural Justice Violated as Assessee’s Explanations Were Not Properly Examined Before Reopening

Income Tax : The Court emphasized that reassessment proceedings must comply with principles of natural justice by providing an effective opport...

June 15, 2026 63 Views 0 comment Print

Bogus Political Donation Claim Fails: ITAT Upholds Denial of Section 80GGC Deduction

Income Tax : ITAT held that proving the mode of payment is not enough to secure deduction for political contributions where evidence points to ...

June 15, 2026 66 Views 0 comment Print

IT Department’s Order Quashed as Giving Effect Order Was Passed Beyond Section 153(5) Time Limit

Income Tax : The Court ruled that an order passed over three years after the statutory deadline under Section 153(5) was without jurisdiction a...

June 15, 2026 69 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 47859 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 672 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.2561 – Income Tax Date 1/6/1981

June 1, 1981 517 Views 0 comment Print

Notification No. S.O.2561 – Income Tax In notification No. 299 (F. No. 203/23/71–ITA–II] dated 28-10-1971, after the words, ” Raghvendra Industrial Research Foundation, Delhi “, a sub-para. may be added as follows

Notification No. S.O.396(E) – Income Tax Date 30/5/1981

May 30, 1981 520 Views 0 comment Print

Notification No. S.O.396(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.2044 – Income Tax Date 29/5/1981

May 29, 1981 601 Views 0 comment Print

Notification No. S.O.2044 – 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 Kasturbhai Lalbhai Charity Trust, Ahmedabad, for the purpose of the said section for the period covered by the assessment years 1980-81 and 1981-82.

Notification No. S.O.2043 – Income Tax Date 29/5/1981

May 29, 1981 313 Views 0 comment Print

Notification No. S.O.2043 – 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 Sri Subramania Samaj, Bombay for the purpose of the said section for the period covered by the assessment years 1980-81 and 1981-82.

Notification No. S.O.2042 – Income Tax Date 29/5/1981

May 29, 1981 457 Views 0 comment Print

Notification No. S.O.2042 – 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 Narotam Lalbhai Trust, Ahmedabad, for the purpose of the said section for the period covered by the assessment years 1980-81 and 1981-82.

Notification No. S.O.1991 – Income Tax Date 29/5/1981

May 29, 1981 376 Views 0 comment Print

Notification No. S.O.1991 – 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 Lalbhai Dalpatbhai Charity Trust, Ahmedabad for the purpose of the said section for the period convered by the assessment years 1980-81 and 1981-82.

Notification No. S.O.1895-Income Tax, Dated: 29.05.1981

May 29, 1981 376 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 Lal Bahadur Shastri National Memorial Trust for the purpose of the said section for the period covered by the assessment years 1967-68 to 1981-82.

Notification No. S.O.2128 – Income Tax Date 28/5/1981

May 28, 1981 502 Views 0 comment Print

Notification No. S.O.2128 – 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 Thiru Jeer Mutt, Thirukkuraungudi P.O. (Tamil Nadu) for the purpose of the said section for and from the assessment years 1976-77 to 1981-82.

Notification No. S.O.2041 – Income Tax Date 28/5/1981

May 28, 1981 400 Views 0 comment Print

Notification No. S.O.2041 – 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 Sri Maridammavari Temple, Peddapuram, for the purpose of the said section for and from the assessment years 1978-79 to 1981-82.

Notification No. S.O.2040 – Income Tax Date 28/5/1981

May 28, 1981 394 Views 0 comment Print

Notification No. S.O.2040 – 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 The Institute of Franciscan Missionaries of Mary Society, Tiruchirapalli, for the purpose of the said section for the period covered by the assessment years 1980-81 and 1981-82.

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