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Latest Articles


Section 50C Cannot Create Income Under Section 56: Statutory Analysis

Income Tax : Analysis explains why Section 50C is a computation provision, discusses the First Proviso to Section 50C(1), and examines its stat...

July 9, 2026 90 Views 0 comment Print

10 Transactions Requiring Shift From ITR-1 to ITR-2 or ITR-3

Income Tax : Capital gains, business income, foreign assets, directorship and other transactions may make taxpayers ineligible to file ITR-1....

July 9, 2026 1122 Views 0 comment Print

ITR Filing Due Dates for FY 2025-26 (AY 2026-27)

Income Tax : Know ITR due dates for FY 2025-26, belated and revised return deadlines, ITR-U timelines, late filing consequences and correspondi...

July 9, 2026 348 Views 0 comment Print

Red Alert: Capital Gains Tax on US-Listed RSU/ESOP Share Sales

Income Tax : Learn how to report RSU and ESOP share sales for AY 2026-27, including capital gains, Schedule FA, Schedule CG, advance tax and di...

July 9, 2026 171 Views 0 comment Print

ITR-1, ITR-2 or ITR-4: Choosing Correct Return Form for AY 2026-27

Income Tax : Know the eligibility, exclusions and key differences between ITR-1, ITR-2 and ITR-4 for AY 2026-27, including Section 139(9) and r...

July 9, 2026 99 Views 0 comment Print


Latest News


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 354 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 321 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 6319 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 372 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 2262 Views 0 comment Print


Latest Judiciary


BSNL VRS Compensation Qualifies for Section 10(10B) Exemption: ITAT Panaji

Income Tax : ITAT Panaji held BSNL VRS-2019 compensation is retrenchment compensation exempt under Section 10(10B), set aside CIT(A) orders, an...

July 9, 2026 63 Views 0 comment Print

BSNL VRS Compensation Exempt Under Section 10(10B): ITAT Pune

Income Tax : ITAT Pune held BSNL VRS compensation exempt under Section 10(10B), condoned delay in filing appeals, and directed grant of refund ...

July 9, 2026 63 Views 0 comment Print

Delay in Appeal Condoned to Allow Section 10(10B) Exemption Claim: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad condoned delay in filing appeal and allowed Section 10(10B) exemption claim for BSNL VRS compensation, making the a...

July 9, 2026 48 Views 0 comment Print

Section 80G Deduction for Eligible CSR Donations Allowed; TP Adjustments Deleted: ITAT Delhi

Income Tax : ITAT Delhi deleted TP adjustments on export commission and model fee, allowed Section 80G claim principles, and granted relief on ...

July 9, 2026 66 Views 0 comment Print

CSR Donation Eligible for Section 80G Despite Section 37(1) Disallowance: Delhi ITAT

Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not prevent Section 80G deduction for eligible donat...

July 9, 2026 63 Views 0 comment Print


Latest Notifications


CBDT Authorises Upload of AEOI Information in Form 168 Under AIS

Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(...

July 9, 2026 330 Views 0 comment Print

CBDT Authorises Upload of AEOI Information in Form 26AS Under AIS

Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in AIS Form 26AS under sections 119, 90 and 90A, prescribing timelines a...

July 9, 2026 477 Views 0 comment Print

CBDT Clarifies Safe Harbour Rules for Rough Diamond Sales in Special Notified Zones

Income Tax : CBDT Circular 05/2026 clarifies safe harbour rules for foreign companies selling raw diamonds in Special Notified Zones, covering ...

July 9, 2026 105 Views 0 comment Print

No TDS on IFSC Aircraft Lease Rent Subject to Form 1(N): CBDT

Income Tax : CBDT Notification 74/2026 exempts TDS on eligible IFSC aircraft lease rent under section 393, subject to Form 1(N), effective from...

July 9, 2026 114 Views 0 comment Print

CBDT Notifies NCCL Core Settlement Guarantee Fund Under Section 11

Income Tax : CBDT notifies NCCL's Core Settlement Guarantee Fund under Section 11 and Schedule III of the Income-tax Act, 2025, subject to spec...

July 8, 2026 96 Views 0 comment Print


Notification: S.O.3880 Date of Issue: 25/10/1967

October 25, 1967 574 Views 0 comment Print

This notification contains Corrigendum to Income-tax Rules carried out on 25th October, 1967 not reproduced he

Circular No. 5-P-Income Tax dated 9-10-1967

October 9, 1967 3996 Views 0 comment Print

Circular No. 5-P-Income Tax Under the Finance (No. 2) Act, 1967, the rates of income-tax in respect of the assessment year 1967-68 in the case of all categories of assessees (corporate as well as non-corporate) are the same as under the Finance Act, 1966, subject to two modifications. The main modification pertains to the rebates of income-tax available to assessees

Notification: S.O.3496 Date of Issue: 29/9/1967

September 29, 1967 490 Views 0 comment Print

In exercise of the powers conferred by rule 4 of the Income-tax (Certificate Proceedings) Rules, 1962, the Central Government hereby appoints the Commisioner of Income-tax, Andhra Pradesh, Hyderabad, to be a Tax Recovery Commissioner.

Notification: S.O.3482 Date of Issue: 23/9/1967

September 23, 1967 579 Views 0 comment Print

Notification: S.O.3482 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Maharashtra Co-operative Housing Finance Society Limited, Bombay, for the purposes of the said sub-clause

Notification: S.O.3419 Date of Issue: 22/9/1967

September 22, 1967 694 Views 0 comment Print

In pursuance of clause (d) of section 280Y of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares the areas shown in column (3) of the Schedule hereto annexed and forming part of the territory of the State or the Union territory, as the case may be, specified in the corresponding entry in column (2) thereof

Notification No. S.O.3408 Date of Issue: 18/9/1967

September 18, 1967 940 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (4) of section 2 of the Finance (No. 2) Act, 1967 (20 of 1967), and in supersession of the Income-tax (Determination of

Notification: S.O.3218 Date of Issue: 6/9/1967

September 6, 1967 610 Views 0 comment Print

Notification: S.O.3218 This notification contains amendments to Income-tax Rules carried out on 6th September, 1967 not reproduced here as it is already contained in the body of the rules itself.

Notification: S.O.3200 Date of Issue: 4/9/1967

September 4, 1967 571 Views 0 comment Print

In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby notifies — (i) the Industrial Credit and Investment Corporation of India Limited, Bombay, and

Notification: S.O.2574 Date of Issue: 25/7/1967

July 25, 1967 508 Views 0 comment Print

Notification: S.O.2574 In exercise of the powers conferred by rule 4 of the Income-tax (Certificate Proceedings) Rules, 1962, the Central Government hereby appoints the Commissioner of Income-tax, Rajasthan, Jaipur, as a Tax Recovery Commissioner.

Notification: S.O.2460 Date of Issue: 22/7/1967

July 22, 1967 456 Views 0 comment Print

Notification: S.O.2460 This notification contains amendments to Income-tax Rules carried out on 22nd July, 1967 not reproduced here as it is already contained in the body of the rules itself

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