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Latest Articles


Request to Implement Foreign Assets Disclosure Scheme 2026

Income Tax : Representation urges notification, rules, forms and e-filing facility for FAST-DS under the Finance Act, 2026, along with clarific...

July 22, 2026 95 Views 0 comment Print

Crypto Futures Tax in India: How Speculative Treatment Can Reduce Tax

Income Tax : Article explains possible tax treatment of crypto perpetual futures, comparing Sections 43(5), 73 and 115BBH, turnover, valuation ...

July 22, 2026 102 Views 0 comment Print

Section 143(2) Notice Not Invalid for Omitting Scrutiny Category: ITAT Bengaluru

Income Tax : ITAT Special Bench held that omission of scrutiny category in a Section 143(2) notice is a procedural defect curable under Section...

July 22, 2026 99 Views 0 comment Print

Beware of Fake ‘Tax Authority Checklist for July 2026’ Income Tax Email

Income Tax : A fake email titled Tax Authority Checklist for July 2026 is targeting taxpayers by impersonating the Ministry of Finance and the ...

July 22, 2026 615 Views 0 comment Print

Section 35D Deduction for REIT IPO Expenses Rejected as Assessee Is Not a Company: ITAT Bangalore

Income Tax : ITAT held section 35D(2)(c) applies only to companies and upheld disallowance of REIT's claim for IPO and listing expense amortisa...

July 21, 2026 183 Views 0 comment Print


Latest News


No Proposal to Scrap LTCG Tax, Govt Clarifies FPI G-Sec Tax Exemption

Income Tax : Finance Ministry reports LTCG tax revenue, clarifies FPI Government Securities tax exemption from 1 April 2026, and says no LTCG r...

July 22, 2026 93 Views 0 comment Print

No Proposal to Scrap LTCG Tax: Finance Ministry

Income Tax : Finance Ministry says no proposal exists to scrap LTCG tax and outlines SEBI investor awareness, grievance redressal and market pr...

July 22, 2026 153 Views 0 comment Print

Finance Ministry Clarifies Section 43B(h) and 45-Day MSME Payment Rule

Income Tax : Finance Ministry says Section 43B(h) allows deduction for dues to micro and small enterprises only on actual payment beyond the 45...

July 22, 2026 150 Views 0 comment Print

Appeal Restored as ITBA Upload Alone Is Not Valid Section 282 Service: ITAT Bangalore

Income Tax : ITAT Bangalore restored the appeal after holding that mere upload of an order on the ITBA portal is not valid service under Sectio...

July 19, 2026 261 Views 0 comment Print

Net Direct Tax Collections Rise 16.40% as on 13 July 2026

Income Tax : Direct tax collections as on 13 July 2026 show 16.11% growth in gross collections and 16.40% growth in net collections over the pr...

July 15, 2026 120 Views 0 comment Print


Latest Judiciary


No Section 69A Addition on Disclosed Property Sale Cash Receipts: ITAT Delhi

Income Tax : ITAT Delhi deleted the section 69A addition of ₹33.50 lakh after holding the intercepted cash formed part of the disclosed prope...

July 22, 2026 76 Views 0 comment Print

Depreciation Allowed on Leased Vehicles Despite Customer Registration: Bombay HC

Income Tax : Bombay HC declined to entertain Revenue's depreciation challenge and remanded the matter to ITAT only to decide the deferred maint...

July 22, 2026 66 Views 0 comment Print

Section 263 Cannot Revise Search Assessment for Unabated Year Without Incriminating Material: Bombay HC

Income Tax : Bombay HC dismissed Revenue's appeal, holding the Section 263 issue in unabated search assessments was covered by Abhisar Buildwel...

July 22, 2026 51 Views 0 comment Print

Section 270A Penalty Invalid Without Specific Charge; No Penalty on Bona Fide Debatable Claim: ITAT Delhi

Income Tax : ITAT Delhi deleted Section 270A penalty as notices lacked specific Section 270A(9) charge and the expenditure claim involved a deb...

July 22, 2026 75 Views 0 comment Print

Bengaluru ITAT Restores Search Assessments Despite Repeated Non-Compliance, Subject to ₹50,000 Cost Per Appeal

Income Tax : ITAT Bangalore restored six Section 153A search assessment appeals to the AO, subject to ₹50,000 cost per appeal for repeated no...

July 22, 2026 48 Views 0 comment Print


Latest Notifications


CBDT Amends Rule 157 to Align Specified Fund Definition with Rule 114AAB

Income Tax : CBDT Notification No. 94/2026 amends Rule 157 of the Income-tax Rules, 2026 by revising the definition of “specified fund” wit...

July 22, 2026 110 Views 0 comment Print

CBDT Notifies District Legal Service Authority, Jind for Section 11 Exemption

Income Tax : CBDT Notification No. 93/2026 grants Schedule III read with Section 11 exemption to District Legal Service Authority, Jind for tax...

July 22, 2026 147 Views 0 comment Print

CBDT Notifies District Legal Services Authority, Jind for Section 10(46) Income Tax Exemption

Income Tax : CBDT Notification No. 92/2026 grants Section 10(46) exemption to District Legal Service Authority, Jind, subject to specified cond...

July 22, 2026 180 Views 0 comment Print

CBDT Notifies NPCIL Asset Transfer to ASHVINI as Tax-Neutral U/s. 47(viiaf)

Income Tax : CBDT Notification No. 91/2026 notifies NPCIL's capital asset transfer to ASHVINI under section 47(viiaf), applicable for FY 2025-2...

July 18, 2026 252 Views 0 comment Print

CBDT Approves IIIT Dharwad for Scientific Research Under Section 45

Income Tax : CBDT approves IIIT Dharwad for scientific research under Section 45 of the Income-tax Act, 2025, subject to Rules 31, 32 and 34 co...

July 18, 2026 177 Views 0 comment Print


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

September 26, 1968 481 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 469 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 493 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 484 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 4890 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 5536 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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