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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


Master Guide to Sections 68 to 69D of Income-tax Act & Key Judicial Principles

Income Tax : A practical guide explaining Sections 68 to 69D, burden of proof, judicial principles, litigation strategy and documentation requi...

July 18, 2026 126 Views 0 comment Print

Gold ETF, Silver ETF or Gold/Silver Mutual Fund: Taxation in India (Complete Guide under Income-tax Act, 2025)

Income Tax : Explains taxation of Gold ETFs, Silver ETFs and Gold/Silver Mutual Funds, including holding periods, LTCG, STCG and indexation rul...

July 18, 2026 222 Views 0 comment Print

ITR Forms for AY 2026–27: A Simple Guide for First-Time Taxpayers & Students

Income Tax : Learn the key changes in ITR forms for AY 2026–27, including AIS, pre-filled data, simplified ITR eligibility and disclosure req...

July 18, 2026 300 Views 0 comment Print

Missed Deadline, Lost Income Tax Refund: Is Government Profiting from Taxpayers’ Mistakes?

Income Tax : The article examines India's refund claim process after the belated ITR deadline, Section 119(2)(b), updated returns and suggested...

July 17, 2026 579 Views 1 comment Print

25 Important Income Tax Return Filing Checklist Points for Taxpayers

Income Tax : A checklist of key ITR filing points covering disclosures, deductions, AIS reconciliation, tax credits, reporting requirements and...

July 17, 2026 660 Views 0 comment Print


Latest News


Net Direct Tax Collections Rise 16.40% as on 13 July 2026

Income Tax : Direct tax collections as on 13 July 2026 show 16.11% growth in gross collections and 16.40% growth in net collections over the pr...

July 15, 2026 84 Views 0 comment Print

Section 2(47)(v) Capital Gains Deleted as Section 53A Conditions Not Satisfied: ITAT Bangalore

Income Tax : ITAT Bangalore held Section 2(47)(v) inapplicable as the JDA did not satisfy Section 53A conditions, deleting capital gains for AY...

July 11, 2026 315 Views 0 comment Print

ICAI Issues Exposure Draft on Revised Section 44AB Tax Audit Guidance Note

Income Tax : ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 20...

July 10, 2026 3969 Views 0 comment Print

Request to Enable Section 270AA Immunity Applications for Misreporting Cases

Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...

July 8, 2026 513 Views 0 comment Print

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 351 Views 0 comment Print


Latest Judiciary


Absence of Legal Heir Certificate Alone Cannot Justify Section 68 Addition; ITAT Delhi Reduces GP Estimation

Income Tax : ITAT Delhi remanded Section 68 additions for fresh verification and directed GP rate of 2.5% instead of 2.82% for trading addition...

July 18, 2026 12 Views 0 comment Print

Revised CBDT Monetary Limits Apply to Pending Appeals: Bombay HC

Income Tax :  Bombay HC disposed of the Revenue appeal as tax effect was below the revised CBDT monetary limit, holding later exceptions apply...

July 18, 2026 42 Views 0 comment Print

Bombay HC Sets Aside AY 2015-16 Reassessment Notice Following Rajeev Bansal

Income Tax : Bombay HC quashed a Section 148 notice for AY 2015-16 as time-barred, following the Supreme Court's directions in Rajeev Bansal....

July 18, 2026 54 Views 0 comment Print

Assessment Order Comes Into Effect Only Upon Signing, Not Drafting: Bombay HC

Income Tax : Bombay HC quashed a Section 147 assessment order as time-barred, holding it became operative only upon digital signing, not its pr...

July 18, 2026 60 Views 0 comment Print

Section 148 Notice Emailed on 1 April 2021 Can’t Be Treated as Issued on 31 March: Bombay HC:

Income Tax : Bombay HC held a Section 148 notice emailed on 1 April 2021 was issued on that date, quashed the reassessment order, and directed ...

July 18, 2026 57 Views 0 comment Print


Latest Notifications


CBDT Notifies India–Sri Lanka DTAA Amending Protocol

Income Tax : Notification No. 88/2026 gives effect to the India–Sri Lanka DTAA amending Protocol, effective from income derived in the specif...

July 18, 2026 72 Views 0 comment Print

CBDT Notifies Delhi Pollution Control Committee for Section 11 Exemption

Income Tax : CBDT Notification No. 87/2026 notifies the Delhi Pollution Control Committee for Section 11 exemption on specified income for tax ...

July 18, 2026 63 Views 0 comment Print

CBDT Notifies Section 10(46) Exemption for Delhi Pollution Control Committee

Income Tax : CBDT Notification No. 86/2026 grants Section 10(46) exemption to the Delhi Pollution Control Committee for AYs 2024-25 to 2026-27,...

July 18, 2026 51 Views 0 comment Print

Cost Inflation Index for FY 2026-27 Notified as 384: CBDT Notification 85/2026

Income Tax : CBDT notifies the Cost Inflation Index as 384 for FY 2026-27 under section 72(8)(a) of the Income-tax Act, 2025, effective from 1 ...

July 15, 2026 4413 Views 0 comment Print

Social Protection Fund Notified as Eligible Tax-Exempt Investor Till 2030: CBDT

Income Tax : CBDT notifies Social Protection Fund as a specified person for eligible investments in India until 31 March 2030, subject to presc...

July 15, 2026 177 Views 0 comment Print


Notification: S.O.2399 Date of Issue: 15/5/1978

May 15, 1978 505 Views 0 comment Print

Notification: S.O.2399 It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, the Department of Science & Technology, 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(iv) of the Income-tax Rules, 1962, under the category ” Association ” in the area of other natural or applied sciences, subject to the following conditions :–

Notification: S.O.2398 Date of Issue: 15/5/1978

May 15, 1978 349 Views 0 comment Print

Notification: S.O.2398 It is hereby notified for general information that the following scientific research 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 and Technology, New Delhi.

Notification: S.O.2223 Date of Issue: 15/5/1978

May 15, 1978 532 Views 0 comment Print

Notification: S.O.2223 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

Notification: G.S.R.631 Date of Issue: 2/5/1978

May 2, 1978 703 Views 0 comment Print

Notification: G.S.R.631In pursuance of the provisions of section 280D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that annuity deposits made or recovered during the year 1978-79 shall bear interest at the rate of 4 1/4 per cent. (approximately) per annum.

Notification: S.O.2222 Date of Issue: 28/4/1978

April 28, 1978 487 Views 0 comment Print

Notification: S.O.2222 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,

Circular No. 238-Income Tax dated 28-4-1978

April 28, 1978 598 Views 0 comment Print

Circular : No. 238-Income Tax In continuation of this Department’s Circular : No. 228 [F.No. 275/21/77-IT(B)], dated 14-7-1977 a copy of the draft circular letter setting out the rates at which income-tax and surcharge should be deducted from interest on Government securities after March 31, 1978 is forwarded herewith.

Notification: S.O.1789 Date of Issue: 27/4/1978

April 27, 1978 496 Views 0 comment Print

Notification: S.O.1789 Central Government hereby notifies Arulmigu Chinthamoninathaswami Temple, Vasudevanallur, for the purpose of the said section for and from the assessment year(s) 1975-76.

Notification: S.O.1788 Date of Issue: 27/4/1978

April 27, 1978 286 Views 0 comment Print

Notification: S.O.1788 In exercise of the powers conferred by sub-section (2)(b) of section 80(G) of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Kallalagar Temple, Alagar Koil, Melur Taluk, Madurai District, Tamil Nadu, to be a place of public worship of renown throughout the

Notification: S.O.2586 Date of Issue: 26/4/1978

April 26, 1978 439 Views 0 comment Print

Notification: S.O.2586 The Department of Revenue hereby amend the notification No. 2103 (F. No. 203/142/77 –ITA. II) dated 4th January, 1978, as under : This notification contains Corrigendum to Income-tax Act, 1961 carried out on April 26, 1978 not reproduced here as it is already contained in the body of the act itself

Notification: S.O.2297 Date of Issue: 26/4/1978

April 26, 1978 457 Views 0 comment Print

Notification: S.O.2297 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”

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