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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


Latest Changes in ITR-1, ITR-2 & ITR-4 for A.Y. 2026-27

Income Tax : The revised ITR forms for AY 2026-27 introduce new tax slabs, expanded ITR eligibility, and enhanced disclosure requirements. Unde...

June 13, 2026 747 Views 0 comment Print

Daily Backup Dilemma: Decoding “Electronic Mode” vs. “Computer System” under Income Tax Act 2025.

Income Tax : The article argues that the daily backup requirement under Rule 46(8) applies only to books maintained in electronic mode, not mer...

June 13, 2026 4656 Views 0 comment Print

Restricted Stock Units Taxation in India: Foreign Tax Credit, Form 67 & Reporting

Income Tax : Judicial authorities have held that Foreign Tax Credit is a substantive right and cannot be denied merely due to procedural delays...

June 13, 2026 414 Views 0 comment Print

Tax Treatment of Cash Credit U/s. 68, 69, 69A, 69B, 69C and 69D

Income Tax : This guide explains how unexplained cash credits under Section 68 and related provisions can attract steep taxation under Section ...

June 13, 2026 193911 Views 1 comment Print

Minimum Alternate Tax (MAT) & Alternate Minimum Tax (AMT)

Income Tax : The document outlines how MAT and AMT ensure that companies and eligible non-corporate taxpayers pay a minimum level of income tax...

June 13, 2026 107204 Views 5 comments Print


Latest News


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 6094 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 255 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 1698 Views 0 comment Print

Reduce CASS 2026 Scrutiny Cases Due to New Income Tax Act Transition Challenges: ITGOA

Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...

May 21, 2026 3804 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3984 Views 0 comment Print


Latest Judiciary


Bogus LTCG Addition Sustained as Tribunal Finds Evidence of Fabricated Share Purchase Records

Income Tax : The Delhi ITAT sustained the addition arising from the sale of listed shares after finding discrepancies in purchase records, incl...

June 14, 2026 231 Views 0 comment Print

ITAT Lucknow Allows Set-Off of Spouse’s F&O Losses Arising From Gifted Funds

Income Tax : ITAT Lucknow held that derivative losses incurred by a spouse using funds gifted by the assessee can be clubbed and set off under ...

June 14, 2026 684 Views 0 comment Print

JAO Lacked Jurisdiction to Issue Section 148 Notice: Rajasthan HC

Income Tax : While recognising that earlier judgments had invalidated JAO-issued notices, the Court avoided passing orders that would make the ...

June 14, 2026 303 Views 0 comment Print

ITAT Directs GP-Based Addition as Jewellery Purchases Formed Part of Sales & Closing Stock

Income Tax : The Delhi ITAT held that where purchases are reflected in accepted sales and closing stock, the entire purchase amount cannot be d...

June 14, 2026 138 Views 0 comment Print

Faceless Reassessment Amounting to Best Judgment Assessment Can Be Remitted by CIT(A)

Income Tax : The Delhi ITAT held that repeated non-compliance with statutory notices transformed the reassessment into a best judgment assessme...

June 14, 2026 99 Views 0 comment Print


Latest Notifications


CBDT Issues Complete Income Tax Scrutiny Guidelines for FY 2026-27

Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...

June 7, 2026 47634 Views 1 comment Print

Income-Tax (Amendment) Commencement Ordinance, 2026

Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...

June 6, 2026 648 Views 0 comment Print

CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act 2025

Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...

June 2, 2026 525 Views 0 comment Print

CBDT Approves National Institute of Advanced Studies as Scientific Research Institution  

Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...

May 30, 2026 195 Views 0 comment Print

CBDT Approves S. Nijalingappa Sugar Institute for Scientific Research Tax Benefit Eligibility 

Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...

May 30, 2026 159 Views 0 comment Print


Don’t Rush! Read This Before Responding to IT Department’s Notice on Political Contributions!

March 9, 2025 10848 Views 0 comment Print

Received an IT notice on political donations? Understand why, what to do, and avoid penalties. Expert advice to respond effectively.

India’s Digital Service Taxation: Issues and Solutions

March 9, 2025 2790 Views 0 comment Print

Explore India’s digital taxation measures like Equalization Levy, Significant Economic Presence, and GST on online services. Learn about challenges and solutions.

What is ITR-U Form and How to File It?

March 9, 2025 5709 Views 0 comment Print

Learn about ITR-U, a form for updating income tax returns. Understand eligibility, filing process, deadlines, and additional tax implications.

Evolution of Digital Taxation: Addressing Challenges in Global Economy

March 9, 2025 1749 Views 0 comment Print

This article explores the evolution of digital taxation, its implications for businesses and economies, the challenges associated with its implementation, and the possible future direction of tax regulations in the digital age.

Impact of Progressive Taxation on Income Inequality

March 9, 2025 2040 Views 0 comment Print

In this blog post here, we would like to address the impact of progressive taxation on income inequality in India with regard to the legal framework, economic implications and the challenges and potential of the tax regime.

Comparative Analysis of Old Tax Regime and New Tax Regime

March 9, 2025 4530 Views 0 comment Print

This blog compares the Old Tax Regime and New Tax Regime in detail, highlighting their key features and helping taxpayers make an informed decision.

Understanding Permanent Account Number (PAN) Structure

March 8, 2025 23508 Views 0 comment Print

Discover essentials of PAN (Permanent Account Number) issuance, structure, and changes. Learn about Form-49A and Form-49AA requirements for Indian and non-resident entities.

Entire Bank Transactions Cannot Be Treated as Turnover for Section 271B Penalty

March 8, 2025 4743 Views 0 comment Print

ITAT Surat remands penalty case under Section 271B to AO, ruling that bank transactions alone cannot determine turnover. Fresh consideration ordered.

Taxation for Freelancers and Gig Workers in India

March 8, 2025 4959 Views 0 comment Print

Learn how freelancers and gig workers in India comply with income tax, GST, TDS, and international tax laws. Navigate compliance and claim deductions.

Income Tax Law for Small Businesses: Key Strategies & Considerations

March 8, 2025 1524 Views 0 comment Print

Learn how tax laws impact small businesses, from selecting the right entity and managing deductions to complying with payroll taxes and self-employment taxes.

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