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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 84 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 1071 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 318 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 159 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 57 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 57 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 45 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 63 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 309 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 459 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 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


Claim for depreciation- Where required particulars not been furnished

August 31, 1965 3953 Views 0 comment Print

Numerous instances have come to the notice of the Board where assessee’s claim for depreciation duly shown in the return was not considered by the Income-tax Officer because books of account produced were not properly maintained and it was necessary to estimate profits by invoking the proviso to section 13 of the 1922 Act.

Notification: S.O.2800 Date of Issue: 30/8/1965

August 30, 1965 567 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 Sri Lakhmi Narasimha Swamy Devasthanam, Ahobilam Village, Allagadda Taluk, District Kurnool, Andhra Pradesh, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2599 Date of Issue: 10/8/1965

August 10, 1965 466 Views 0 comment Print

Notification: S.O.2599 Cancer Institute (W. I. A.), Madras 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.2598 Section(s) Referred: 88 ,88(6) Statute: INCOME TAX Date of Issue: 9/8/1965

August 9, 1965 1260 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 following temple as a place of public

Notification: S.O.2597 Date of Issue: 7/8/1965

August 7, 1965 523 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 Sri Kasiviswanat

Notification: S.O.2353 Date of Issue: 19/7/1965

July 19, 1965 541 Views 0 comment Print

Notification: S.O.2353 Central Government hereby notifies the following temple as a place of public worship of renown throughout the State of Mysore for the purposes of the said section – Shri Dattatreya Temple, Ghangapur, District Gulbarga, Mysore

Notification: S.O.2215 Date of Issue: 7/7/1965

July 7, 1965 667 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S. O. 3660 dated the 13th October, 1964, published at pages 979 to 988 in Part II—Section 3—sub-section (ii) of the Gazette of India, Extraordinary, dated the 13th October, 1964.

Notification: S.O.2214 Date of Issue: 7/7/1965

July 7, 1965 466 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (5) of section 2 of the Finance Act, 1965 (10 of 1965), the Central Board of Direct Taxes hereby makes the following rules, namely :—-

Notification: S.O.2153 Date of Issue: 2/7/1965

July 2, 1965 706 Views 0 comment Print

Notification: S.O.2153 This notification contains Amendment to Income-tax Rules carried out on 2-7-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.2161 Date of Issue: 30/6/1965

June 30, 1965 384 Views 0 comment Print

Notification: S.O.2161 Sardar Patel Institute of Social and Economic Research, Ahmedabad -It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

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