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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


Latest Changes in ITR-1, ITR-2 & ITR-4 for A.Y. 2026-27

Income Tax : The revised ITR forms for AY 2026-27 introduce new tax slabs, expanded ITR eligibility, and enhanced disclosure requirements. Unde...

June 13, 2026 843 Views 0 comment Print

Daily Backup Dilemma: Decoding “Electronic Mode” vs. “Computer System” under Income Tax Act 2025.

Income Tax : The article argues that the daily backup requirement under Rule 46(8) applies only to books maintained in electronic mode, not mer...

June 13, 2026 4869 Views 0 comment Print

Restricted Stock Units Taxation in India: Foreign Tax Credit, Form 67 & Reporting

Income Tax : Judicial authorities have held that Foreign Tax Credit is a substantive right and cannot be denied merely due to procedural delays...

June 13, 2026 414 Views 0 comment Print

Tax Treatment of Cash Credit U/s. 68, 69, 69A, 69B, 69C and 69D

Income Tax : This guide explains how unexplained cash credits under Section 68 and related provisions can attract steep taxation under Section ...

June 13, 2026 193935 Views 1 comment Print

Minimum Alternate Tax (MAT) & Alternate Minimum Tax (AMT)

Income Tax : The document outlines how MAT and AMT ensure that companies and eligible non-corporate taxpayers pay a minimum level of income tax...

June 13, 2026 107225 Views 5 comments 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 6097 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 255 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 1698 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 3984 Views 0 comment Print


Latest Judiciary


Bogus LTCG Addition Sustained as Tribunal Finds Evidence of Fabricated Share Purchase Records

Income Tax : The Delhi ITAT sustained the addition arising from the sale of listed shares after finding discrepancies in purchase records, incl...

June 14, 2026 312 Views 0 comment Print

ITAT Lucknow Allows Set-Off of Spouse’s F&O Losses Arising From Gifted Funds

Income Tax : ITAT Lucknow held that derivative losses incurred by a spouse using funds gifted by the assessee can be clubbed and set off under ...

June 14, 2026 777 Views 0 comment Print

JAO Lacked Jurisdiction to Issue Section 148 Notice: Rajasthan HC

Income Tax : While recognising that earlier judgments had invalidated JAO-issued notices, the Court avoided passing orders that would make the ...

June 14, 2026 351 Views 0 comment Print

ITAT Directs GP-Based Addition as Jewellery Purchases Formed Part of Sales & Closing Stock

Income Tax : The Delhi ITAT held that where purchases are reflected in accepted sales and closing stock, the entire purchase amount cannot be d...

June 14, 2026 153 Views 0 comment Print

Faceless Reassessment Amounting to Best Judgment Assessment Can Be Remitted by CIT(A)

Income Tax : The Delhi ITAT held that repeated non-compliance with statutory notices transformed the reassessment into a best judgment assessme...

June 14, 2026 117 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 47655 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 648 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 525 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 195 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 159 Views 0 comment Print


Notification: S.O.849 Date of Issue: 12/12/1978

December 12, 1978 562 Views 0 comment Print

Notification: S.O.849 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 purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the category of “Scientific Research Association”

Notification: S.O.848 Date of Issue: 12/12/1978

December 12, 1978 421 Views 0 comment Print

Notification: S.O.848 It is hereby notified for general information that the following scientific research programme had been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the I.T. Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.

Notification: S.O.468 Date of Issue: 12/12/1978

December 12, 1978 484 Views 0 comment Print

Notification: S.O.468 (1) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (2) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 31st May each year at the latest in such form as may be laid down and intimated to them for this purpose. Institution Nutrition Foundation of India, New Delhi.

Notification: S.O.467 Date of Issue: 12/12/1978

December 12, 1978 414 Views 0 comment Print

Notification: S.O.467 Notification: S.O.467 Section(s) Referred: 10 ,10(23C) ,10(23C)(iv) Statute: INCOME TAX Date of Issue: 12/12/1978 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 amends its Notification No. 2209 (F. No. 197/58/77-IT(AI)) dated 4th March, 1978, as under :– This notification contains Corrigendum to Income-tax Act, 1961 carried out on 12th December, 1978 not reproduced here as it is already

Notification: S.O.847 Date of Issue: 8/12/1978

December 8, 1978 409 Views 0 comment Print

Notification: S.O.847 This notification contains Corrigendum to Income-tax Act, 1961 carried out on 8th December, 1978 not reproduced here as it is already contained in the body of the Act itself

Notification: S.O.379 Date of Issue: 23/11/1978

November 23, 1978 349 Views 0 comment Print

In continuation of this Department Notification No. 1569 F. No. 203/167/76-ITA. II dated 30th November, 1976, it is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the category of “Scientific Research Association” in the field of medical research, subject to the following conditions :–

Notification: S.O.380 Date of Issue: 23/11/1978

November 23, 1978 405 Views 0 comment Print

Notification: S.O.380 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 purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the category of “Scientific Research Association” in the field of medical research, subject to the following conditions :– (1) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research.

Notification: S.O.378 Date of Issue: 22/11/1978

November 22, 1978 361 Views 0 comment Print

Notification: S.O.378 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961. Institution Institute of Management Development, U. P., Lucknow.

Notification: S.O.377 Date of Issue: 22/11/1978

November 22, 1978 520 Views 0 comment Print

In continuation of this Department’s Notification No. 1346 F. No. 203/43/76-ITA.II, dated 5th June, 1976, 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 purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Income-tax Rules, 1962, under the category of “Scientific Research Association” in the field

Notification: S.O.226 Date of Issue: 21/11/1978

November 21, 1978 394 Views 0 comment Print

Notification: S.O.226 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 Arulmigu Lakshminarasimhaswamy Temple, Polur, North Arcot District, to be place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

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