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Latest Articles


Can Section 148A Reassessment Be Based Solely on Red-Flagged Information?

Income Tax : Ahmedabad ITAT quashed reassessment where the Assessing Officer relied on red-flagged information without independent inquiry unde...

July 14, 2026 2194 Views 0 comment Print

Charitable Trust Exemptions under Income-tax Act, 2025 (TY 2026-27)

Income Tax : Explains the RNPO exemption framework under the Income-tax Act, 2025, covering Application, Deemed Application, Accumulation and t...

July 14, 2026 3041 Views 0 comment Print

Income Tax for Freelancers in India: A Simple Guide

Income Tax : Learn the taxability of freelance income, deductions, Section 44ADA, advance tax, book-keeping and ITR compliance under the Income...

July 13, 2026 792 Views 1 comment Print

Foreign Financial Information in AIS: Tax Compliance for Residents

Income Tax : CBDT has enabled display of foreign financial information in AIS under the AEOI framework, supporting reconciliation while existin...

July 13, 2026 396 Views 0 comment Print

Seven Common ITR Filing Mistakes That May Trigger Income Tax Notices

Income Tax : The article explains seven common ITR filing mistakes, including AIS mismatches, TDS errors and wrong ITR forms, and highlights re...

July 13, 2026 1281 Views 0 comment Print


Latest News


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 264 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 3750 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 474 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 333 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 6337 Views 0 comment Print


Latest Judiciary


Section 69A Addition Reduced from ₹2.26 Crore to ₹5 Lakh as Cash Deposits Explained: ITAT Delhi

Income Tax : ITAT Delhi reduced the Section 69A addition to ₹5 lakh, holding the cash deposits were substantially supported by withdrawals an...

July 14, 2026 394 Views 0 comment Print

CIT(A) Can’t Reject Time-Barred Appeal Without Hearing on Condonation: ITAT Delhi

Income Tax : ITAT Delhi condoned delay under Section 249(3) and remanded the appeals after finding breach of natural justice in dismissal witho...

July 14, 2026 124 Views 0 comment Print

Section 148 Notice Quashed as Escaped Income Below Section 149(1)(b) Threshold: Calcutta HC

Income Tax : Calcutta HC quashed the Section 148 notice and Section 148A(3) order, holding the alleged escaped income was below the ₹50 lakh ...

July 14, 2026 145 Views 0 comment Print

No Section 68 Addition Merely Due to Changed Trading Pattern in Demonetisation: ITAT Lucknow

Income Tax : ITAT Lucknow upheld deletion of a Section 68 addition, finding cash deposits explained by books, stock records, sales and VAT retu...

July 14, 2026 112 Views 0 comment Print

Section 148A Order Quashed for Ignoring Assessee’s Reply: Calcutta HC

Income Tax : The Calcutta High Court considered a writ petition challenging the order dated 30.06.2025 passed under Section 148A(3) of the Inco...

July 14, 2026 124 Views 0 comment Print


Latest Notifications


CBDT Notifies Baddi Barotiwala Nalagarh Development Authority for Section 10(46) Exemption

Income Tax : CBDT Notification No. 83/2026 grants Section 10(46) exemption to Baddi Barotiwala Nalagarh Development Authority for AYs 2024-25 t...

July 14, 2026 69 Views 0 comment Print

CBDT Notifies Section 10(46) Exemption for Baddi Barotiwala Nalagarh Development Authority: Notification No. 82/2026

Income Tax : CBDT Notification No. 82/2026 grants Section 10(46) exemption to Baddi Barotiwala Nalagarh Development Authority, subject to speci...

July 14, 2026 79 Views 0 comment Print

CBDT Specifies Maharashtra Authority for Income Tax Information Sharing

Income Tax : CBDT Notification No. 81/2026 specifies Maharashtra's Principal Secretary for income-tax information sharing under Section 258 for...

July 11, 2026 153 Views 0 comment Print

No TDS on Specified Payments to Eligible IFSC Units: CBDT

Income Tax : CBDT Notification No. 80/2026 exempts specified payments to eligible IFSC Units from TDS, subject to conditions and Form No. 1(N)....

July 11, 2026 411 Views 0 comment Print

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 807 Views 0 comment Print


Notification: S.O.3495 Date of Issue: 26/9/1968

September 26, 1968 469 Views 0 comment Print

Notification: S.O.3495 This Notification contains amendment to Income-tax (Seventh Amendment) Rules, 1968 carried out on 26th September, 1968 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.3494 Date of Issue: 25/9/1968

September 25, 1968 466 Views 0 comment Print

This Notification contains amendment to Income-tax (Sixth Amendment) Rules, 1968 carried out on 25th September, 1968 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.3283 Date of Issue: 11/9/1968

September 11, 1968 490 Views 0 comment Print

The following modification in the Income-tax Rules, 1962, which the Houses of Parliament have made in exercise of the powers conferred by section 296 of the Income-tax Act, 1961 (43 of 1961), is hereby published for general information :–

Notification: S.O.2883 Date of Issue: 24/8/1968

August 24, 1968 508 Views 0 comment Print

Notification: S.O.2883 This Notification contains amendment to Income-tax (Fifth Amendment) Rules, 1968 carried out on 24th August, 1968 not reproduced here as it is already contained in the body of the Rules itself.

Notification: S.O.2984 Date of Issue: 20/8/1968

August 20, 1968 540 Views 0 comment Print

Notification: S.O.2984 Vedhashala Astronomical Observatory, Ahmedabad -It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification: S.O.2751 Date of Issue: 2/8/1968

August 2, 1968 523 Views 0 comment Print

Notification: S.O.2751 This Notification contains amendment to Income-tax (Fourth Amendment) Rules, 1968 carried out on 2nd August, 1968 not reproduced here as it is already contained in the body of the Rules itself

Notification: S.O.2787 Date of Issue: 24/7/1968

July 24, 1968 481 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 122 of the Income-tax Act, 1961 (43 of 1961), and all other powers enabling in that behalf, the Central Board of Dire

Circular No. 6-P-Income Tax dated 6-7-1968

July 6, 1968 4872 Views 0 comment Print

Circular No. 6-P-Income Tax The rates of income-tax for the assessment year 1968-69 in the case of all categories of taxpayers (corporate as well as non-corporate) are specified in Part I of the First Schedule to the Finance Act, 1968. These rates (summarised in Annexure I to this Circular) are the same as those specified in Part III of the First Schedule to the Finance (No. 2) Act, 1967, for the purpose

Notification: S.O.2431 Date of Issue: 2/7/1968

July 2, 1968 795 Views 0 comment Print

In pursuance of sub-clause (iv) of clause (a) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Public Provident Fund established under the Public Provident Fund Scheme, 1968, as a provident fund to which the said sub-clause shall apply

Notification: S.O.2430 Date of Issue: 2/7/1968

July 2, 1968 5506 Views 0 comment Print

In pursuance of clause (11) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Public Provident Fund established under the Public Provident Fund Scheme, 1968, as a provident fund to which the said clause shall apply

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