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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 81 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 1041 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 306 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 153 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 2256 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 54 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 48 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 39 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 60 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 285 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 408 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 99 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 111 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.1740 Date of Issue: 28/4/1967

April 28, 1967 442 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 Shri Parthasarathy Swamy Devasthanam, Triplicane, Madras, to be of historic importance and also as a place of public worship of renown throughout the State of Madras

Notification: S.O.1739 Date of Issue: 28/4/1967

April 28, 1967 460 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 Shri Purshotamaperumal Temple, Nangoor, Madras, to be a place of worship of renown throughout the State of Madras

Notification: S.O.1562 Date of Issue: 22/4/1967

April 22, 1967 451 Views 0 comment Print

In exercise of the powers conferred by sub-section 23 of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “Polo” as one of the games for the purposes of the said section

Notification: S.O.1469 Date of Issue: 15/4/1967

April 15, 1967 532 Views 0 comment Print

In exercise of the powers conferred by sub-section 126 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial Nos. 46, 47, 48, 50 and 51 and the entries thereagainst from the Schedule annexed to its Notification S.R.O. 1211 (No. 44-Income-tax), dated the 1st July, 1952

Notification: S.O.1466 Date of Issue: 6/4/1967

April 6, 1967 511 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961, the Central Government hereby notifies Sri Subramaniaswamy Temple, Kumarayayalur, Madras State, to be of a place of public worship of renown throughout the Madras State, to be of a place of public worship of renown throughout the Madras State for the purpose of the said section

Notification: S.O.1284 Date of Issue: 31/3/1967

March 31, 1967 586 Views 0 comment Print

Notification: S.O.1284 It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial 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.1102 Date of Issue: 8/3/1967

March 8, 1967 469 Views 0 comment Print

Notification: S.O.1102 In exercise of the powers conferred by sub-section (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Table Tennis as one of the games for the purposes of the said sub-section

Notification: S.O.1101 Date of Issue: 1/3/1967

March 1, 1967 541 Views 0 comment Print

Notification: S.O.1101 In exercise of the powers conferred by sub-section (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ‘Rifle Shooting’ as one of the games for the purposes of the said section

Notification: S.O.598 Date of Issue: 13/2/1967

February 13, 1967 568 Views 0 comment Print

Notification: S.O.598 This Notification contains amendment to Income-tax (Amendment) Rules, 1967 carried out on 13th February, 1967 not reproduced here as it is already contained in the body of the Rules itself.

Notification: S.O.349 Date of Issue: 24/1/1967

January 24, 1967 598 Views 0 comment Print

In pursuance of sub-section (1) of section 54A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves the following investments for the purposes of that section in re

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