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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


No TDS on Transport Payments: Declaration Format Under Income Tax Act 2025

Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...

April 21, 2026 156 Views 0 comment Print

ITR Filing FY 2025-26: Step by Step Guide for Salaried Professionals

Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...

April 21, 2026 333 Views 0 comment Print

Selling Trust: The Quiet Problem of Product Mis-Selling in Indian Banking

Income Tax : Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural r...

April 21, 2026 150 Views 0 comment Print

Addition Deleted Due to Lack of Corroborative Evidence in Search-Based Case

Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...

April 21, 2026 183 Views 0 comment Print

Computerization of Form 121 (Earlier Form 15G & Form 15H)

Income Tax : A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal ...

April 21, 2026 2712 Views 0 comment Print


Latest News


CBDT Refutes Allegations of Tax Raid, Terms Claims Baseless; Complaint Filed with Election Commission & Police

Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...

April 21, 2026 54 Views 0 comment Print

CAAS Moves Supreme Court on ITAT Vacancies

Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...

April 18, 2026 228 Views 0 comment Print

Massive Tax Irregularities Found Due to Improper Deductions by Banks & NBFCs: CAG

Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...

April 6, 2026 3336 Views 0 comment Print

Free Live Webinar: Decoding the New Income Tax Act, 2025

Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...

April 5, 2026 7959 Views 0 comment Print

Representation for enhancement of monetary limit for SMC cases before ITAT

Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...

April 4, 2026 876 Views 0 comment Print


Latest Judiciary


SC Dismisses Appeal Due to Delay, HC Ruling on No PE and Offshore Taxability Stands

Income Tax : The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not const...

April 21, 2026 69 Views 0 comment Print

Offshore Supply Income Not Taxable in India Due to Absence of Business Connection: Delhi HC

Income Tax : The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India. The liaiso...

April 21, 2026 102 Views 0 comment Print

Income Tax Appeal Reinstated as Delay due to Bona Fide Belief & COVID-19 Disruption

Income Tax : The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law constituted sufficient cause for...

April 21, 2026 66 Views 0 comment Print

Reopening Valid Where Income Escapement Based on Search-Derived Information

Income Tax : The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits. The r...

April 21, 2026 69 Views 0 comment Print

Wage Arrears Deduction Allowed as Liability Accrued from Pay Revision Effective Date

Income Tax : The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective date. The provisi...

April 21, 2026 63 Views 0 comment Print


Latest Notifications


Income Tax Notification Corrected Due to Technical Errors in Rules & References

Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...

April 17, 2026 666 Views 0 comment Print

Transition from Form 15G/15H to Consolidated Form 121 for TDS-exempted Incomes

Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...

April 15, 2026 1956 Views 0 comment Print

Corrigendum to Notification of Income tax return Form U

Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...

April 11, 2026 447 Views 0 comment Print

Corrigendum to Notification of Income tax return Form 7 (ITR 7)

Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...

April 11, 2026 153 Views 0 comment Print

Corrigendum to Notification of Income tax return Form 6 (ITR 6)

Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...

April 11, 2026 168 Views 0 comment Print


Income Tax Form 58: Intimation by Indian Constituent Entity – Section 511(1)

March 25, 2026 171 Views 0 comment Print

Form 58 informs the Income Tax Department about the parent or alternate reporting entity responsible for filing the Country-by-Country Report.

Income Tax Form 57: Intimation by Designated Constituent Entity – Section 171(4)

March 25, 2026 159 Views 0 comment Print

Form 57 is filed by a designated constituent entity of an international group where multiple entities are required to file the Master File.

Income Tax Form 56: Information & Documents for Constituent Entities under Section 171(4)

March 25, 2026 171 Views 0 comment Print

Covers Master File, CbCR, and related forms, explaining compliance requirements and global alignment under new tax rules.

Income Tax Form 55: Application Form for Indian Resident Assessee to Invoke MAP under Tax Treaties

March 25, 2026 165 Views 0 comment Print

Form 55 enables Indian taxpayers to invoke MAP for resolving double taxation disputes. It provides a structured mechanism for relief under DTAA provisions.

Income Tax Form 54: Application for Renewal of an Advance Pricing Agreement (APA)

March 25, 2026 201 Views 0 comment Print

Form 54 streamlines APA renewals for similar transactions, enabling quicker evaluation and resolution. This enhances administrative efficiency and taxpayer convenience.

Income Tax Form 53: Past Years’ Details for MAT Relief under Section 206(1)

March 25, 2026 177 Views 0 comment Print

Explains how taxpayers can recompute book profits and reduce MAT liability using Form 53 for APA and secondary adjustments.

Income Tax Form 52: Annual Compliance Report on Advance Pricing Agreement

March 25, 2026 360 Views 0 comment Print

Form 52 replaces Form 3CEF and mandates annual APA compliance reporting. It introduces structured disclosures and ensures accurate transfer pricing compliance.

Income Tax Form 51: Application for Advance Pricing Agreement (APA)

March 25, 2026 417 Views 0 comment Print

Once submitted, Form 51 cannot be modified except for defect corrections. Taxpayers must ensure accuracy at the time of filing. The key takeaway is the importance of precision and careful preparation.

Income Tax Form 50: Application for a pre-filing consultation – Income Tax Act, 2025

March 25, 2026 222 Views 0 comment Print

Once Form 50 is submitted and acknowledged, it cannot be modified. Taxpayers must ensure accuracy before filing. The ruling emphasizes procedural discipline in the APA consultation process.

Income Tax Form 49: Application for Safe Harbour under Section 167

March 25, 2026 792 Views 0 comment Print

Explains how Form 49 replaces multiple forms to streamline Safe Harbour compliance and reduce duplication in transfer pricing filings.

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