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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


Tax Relief up to 12 Lakh in New Tax Regime, Yet ITR Filing is Still Mandatory

Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...

June 24, 2026 714 Views 8 comments Print

11 Situations Where Filing ITR Is Mandatory for AY 2026-27

Income Tax : This article explains the key situations where filing an Income Tax Return is compulsory, even if income is below the basic exempt...

June 24, 2026 2400 Views 0 comment Print

Tax Benefits Available to Senior Citizens

Income Tax : Learn about the income tax benefits available to resident senior and very senior citizens, including higher exemption limits, dedu...

June 24, 2026 710667 Views 150 comments Print

FAQs on Assessments under Income-tax Law

Income Tax : Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures...

June 24, 2026 93744 Views 7 comments Print

Taxation of Capital Gain in India – FAQs

Income Tax : This guide explains the taxation of capital gains, computation methods, capital assets, and transfer provisions under the Income-t...

June 24, 2026 495811 Views 165 comments Print


Latest News


Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 219 Views 0 comment Print

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 6202 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 288 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 1890 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 3972 Views 1 comment Print


Latest Judiciary


Delay of 252 Days Condoned as CIT(A) Failed to Consider Delay Condonation Application

Income Tax : The ITAT Bangalore condoned a 252-day delay after finding that the assessees legal representatives had shown sufficient cause aris...

June 25, 2026 15 Views 0 comment Print

TPO Cannot Value Management Fees at Nil Without Rejecting Evidence of Services Rendered

Income Tax : The ITAT Delhi held that the Transfer Pricing Officer could not arbitrarily determine the arm's length price of management service...

June 25, 2026 15 Views 0 comment Print

ITAT Deletes Section 69A Addition as Cash Deposits Were Backed by Cash-in-Hand

Income Tax : The ITAT Surat held that cash deposited during demonetisation was sufficiently explained through opening cash-in-hand, prior bank ...

June 25, 2026 39 Views 0 comment Print

ITAT Ranchi Allows Full Leave Encashment Exemption as CBDT Raised Limit to ₹25 Lakh

Income Tax : The ITAT Ranchi held that a retired non-government employee was entitled to exemption under Section 10(10AA)(ii) for the entire le...

June 25, 2026 48 Views 0 comment Print

ITAT Allows Section 80P Deduction on Interest from Statutory Deposits with Co-operative Banks

Income Tax : The ITAT Bangalore held that interest earned on compulsory statutory deposits made under the Karnataka Souharda Sahakari Act const...

June 25, 2026 51 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 49968 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 879 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 669 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 249 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 213 Views 0 comment Print


Notification: S.O.161 Date of Issue: 9/11/1979

November 9, 1979 397 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 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

Notification: S.O.3862 Date of Issue: 6/11/1979

November 6, 1979 411 Views 0 comment Print

Notification: S.O.3862 In exercise of the powers conferred under sub-section (1) of section 132 of the Income-tax Act, 1961 (43 of 1961), hereinafter referred to as the Act, the Central Board of Direct Taxes hereby empowers the following Deputy Directors of Inspection and Inspecting Asstt. Commissioners to authorise action under sub-section (1) of section 132 of the Act :–

Notification No. S.O.641(E), Dated: 06.11.1979

November 6, 1979 379 Views 0 comment Print

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.607(E), Dated: 29.10.1979

October 29, 1979 427 Views 0 comment Print

This notification contains Amendment to Income-tax (Fifth Amendment) Rules 1979 carried out on 29th October 1979 not reproduced here as it is already contained in the body of the rules itself

Notification No. S.O.608(E), Dated: 29.10.1979

October 29, 1979 346 Views 0 comment Print

This notification contains Amendment to Income-tax (Sixth Amendment) Rules 1979 carried out on 29th October 1979 not reproduced here as it is already contained in the body of the rules itself.

Notification: S.O.609(E) Date of Issue: 29/10/1979

October 29, 1979 312 Views 0 comment Print

Notification: S.O.609(E) 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 :– This notification contains Amendment to Income-tax (Seventh Amendment)

Notification No. S.O.158, Dated: 27.10.1979

October 27, 1979 427 Views 0 comment Print

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 and as may be laid down and intimated to them for this purpose by 30th April each year.

Notification No. S.O.159, Dated: 27.10.1979

October 27, 1979 472 Views 0 comment Print

It is hereby notified for general information that the following scientific research programme has 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 Income-tax Rules 1962 by the Secretary Department of Science Technology New Delhi.

Notification No. S.O.160, Dated: 27.10.1979

October 27, 1979 562 Views 0 comment Print

This notification contains Amendment to Income-tax Act carried out on October 27 1979 not reproduced here as it is already contained in the body of the Act itself.

Notification No. S.O.162, Dated: 27.10.1979

October 27, 1979 343 Views 0 comment Print

That the said Academy 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.

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