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Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

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 92 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 96 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 96 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 612 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 90 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 132 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 258 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 73 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 60 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 48 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 72 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 45 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 138 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 156 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 174 Views 0 comment Print


Notification: S.O.2247 Date of Issue: 29/6/1967

June 29, 1967 595 Views 0 comment Print

Notification: S.O.2247 Birla Planetarium and Astronomical Research Centre, Calcutta It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification No. S.O.2249 Date of Issue: 26/6/1967

June 26, 1967 574 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial Nos. 2B and 49 and the entries thereagainst from the Schedule annexed to its Notification S.R.O. 1214 (No. 44 Income-tax), dated the 1st July, 1952

Notification No. S.O.2007 Date of Issue: 6/6/1967

June 6, 1967 574 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 104 of the Income-tax Act, 1961 (43 of 1961), the Central Government being of opinion that it is necessary and ex

Notification No. S.O.1951 Date of Issue: 31/5/1967

May 31, 1967 1111 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 598, dated 13th February, 1967, published on pages 447 to 454 in Part II — Section 3 — Sub-section (ii) of the Gazette of India, Extraordinary, dated the 15th February, 1967 —

Notification: S.O.1949 Date of Issue: 29/5/1967

May 29, 1967 679 Views 0 comment Print

Notification: S.O.1949 This notification contains amendments to Income-tax Rules carried out on 29th May, 1967 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O. 1741 Date of Issue: 8/5/1967

May 8, 1967 433 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 Mogileswara Swamy Temple Trustee Board, Mogili, Andhra Pradesh, to be a place of public worship of renown throughout the Andhra Pradesh for the purpose of the said section

Notification: S.O.1740 Date of Issue: 28/4/1967

April 28, 1967 445 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 463 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 535 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

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