Follow Us:

Income Tax

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


Appellate Kill Shot to Reassessment Notices Under Section 148/148A

Income Tax : This article explains why reassessment proceedings may be invalid if the Assessing Officer merely relies on Investigation Wing rep...

June 20, 2026 315 Views 0 comment Print

Every Foreign Asset Is Not a Black Asset: Lessons from Two Recent Tribunal Rulings

Income Tax : The Jaipur Tribunal held that every foreign asset or remittance cannot be treated as undisclosed wealth under the Black Money Act....

June 20, 2026 894 Views 0 comment Print

Old vs New Tax Regime: Complete Comparison of Deductions & Tax Benefits

Income Tax : This guide compares the Old and New Tax Regimes, explaining differences in deductions, exemptions, home loan benefits, and standar...

June 20, 2026 342 Views 0 comment Print

Nil LTCG Tax or Higher Demand? Section 112 Utility Computation Sparks Legal Debate

Income Tax : The article explains how different interpretations of Section 112 may produce either nil tax or a positive tax liability for the s...

June 20, 2026 1938 Views 0 comment Print

ITAT Grants TDS Credit Despite Employer’s Failure to Deposit Tax with Government

Income Tax : ITAT Mumbai held that an employee cannot be denied TDS credit merely because the employer failed to deposit the tax deducted from ...

June 20, 2026 129 Views 0 comment 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 168 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 6169 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 279 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 1845 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 3927 Views 1 comment Print


Latest Judiciary


Orissa HC Quashes Section 143(2) Notice as It Was Issued Without Jurisdiction

Income Tax : The Orissa High Court held that the Section 143(2) notice was issued by an authority lacking jurisdiction and set it aside. The Co...

June 21, 2026 126 Views 0 comment Print

FMV of Surrendered Tenancy Rights Is Cost of Acquisition for Redeveloped Property: ITAT Mumbai

Income Tax : The Mumbai ITAT held that ownership premises received under a redevelopment scheme are acquired in exchange for valuable tenancy r...

June 21, 2026 159 Views 0 comment Print

Section 80-IB Deduction Denied as Housing Project Covered Less Than One Acre: ITAT Cochin

Income Tax : The Cochin Bench held that the minimum one-acre condition must be satisfied by the land comprising the approved housing project it...

June 21, 2026 66 Views 0 comment Print

CPC Cannot Deny Section 11 Exemption for Delayed Form 10B in Section 143(1) Processing: ITAT Kolkata

Income Tax : ITAT Kolkata held that appellate authority should have awaited outcome of pending condonation application before deciding exempti...

June 21, 2026 90 Views 0 comment Print

CPC Cannot Pass Section 143(1) Intimation After Section 143(2) Notice: ITAT Kolkata

Income Tax : ITAT Kolkata held that once a scrutiny notice under Section 143(2) is issued, CPC cannot process the return under Section 143(1) a...

June 21, 2026 90 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 49365 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 768 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 600 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 228 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 186 Views 0 comment Print


Notification: S.O.591 Date of Issue: 15/2/1965

February 15, 1965 508 Views 0 comment Print

Notification: S.O.591 This notification contains amendments to Income-tax Rules carried out on 15th February, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O.476 Date of Issue: 3/2/1965

February 3, 1965 565 Views 0 comment Print

Notification: S.O.476 INDIAN ACADEMY OF MEDICAL SCIENCES, NEW DELHI 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 (43 of 1961).

Notification: S.O.169 Date of Issue: 4/1/1965

January 4, 1965 592 Views 0 comment Print

Notification: S.O.169 This notification contains amendments to Income-tax Rules carried out on 4th January, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification No. S.O. 4024, Date of Issue: 16.11.1964

November 16, 1964 508 Views 0 comment Print

Notification: S.O.4024 THE SPECIAL COFFEE RESEARCH ASSOCIATION, MADRAS. It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification No. S.O. 3801, Date of Issue: 24.10.1964

October 24, 1964 487 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby notifies the Sri Kanyaka Parameswari De

Notification No. S.O. 3660, Date of Issue: 13.10.1964

October 13, 1964 484 Views 0 comment Print

Notification: S.O.3660 This notification contains Amendment to Income-tax Rules carried out on 13-10-1964 not reproduced here as it is already contained in the body of the Rules itself.

Notification No. S.O. 3673, Date of Issue: 05.10.1964

October 5, 1964 523 Views 0 comment Print

Notification: S.O.3673 Central Government hereby accords approval to the Banque Francaise du Commerce Exterieur, Paris, for the purposes of exemption from tax on the interst payable by any industrial undertaking in India on moneys borrowed by it under a loan agreement entered into with the said foreign financial institution

Notification No. S.O. 2817 Date of Issue: 14.08.1964

August 14, 1964 523 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 104 of the Income-tax Act, 1961 (43 of 1961), the Central Government, being of opinion that it is necessary and

Notification No. S.O. 2772, Date of Issue: 01.08.1964

August 1, 1964 490 Views 0 comment Print

It is hereby notified for general information that the institution mentioned below has been by the Council of Scientific and Industrial Research, the ‘prescribed authority’ for the purposes of clause

Notification No. S.O. 2663, Date of Issue: 29.07.1964

July 29, 1964 583 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section 5 of section 2 of the Finance Act, 1964 (5 of 1964), the Central Board of Direct Taxes hereby makes the following rules, namely :—

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930