Follow Us:

Income Tax

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


Why RERA & Income Tax Reconciliation Is Crucial for Real Estate Developers

Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...

June 16, 2026 162 Views 0 comment Print

Which Income-Tax Law Applies to Returns Filed After 1st April 2026?

Income Tax : Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income earned...

June 16, 2026 588 Views 0 comment Print

Presumptive Audit Controversy: Profit Trigger vs Turnover Trigger

Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...

June 16, 2026 2037 Views 0 comment Print

Don’t Blindly Trust Form 16: One Small Error Can Trigger a Huge Tax Demand

Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...

June 15, 2026 1905 Views 0 comment Print

Advance Tax Provisions, Challan, e-payment Utility & Examples

Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...

June 15, 2026 195522 Views 14 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 6115 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 267 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 1761 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 3816 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 4005 Views 0 comment Print


Latest Judiciary


Madras HC Upholds Section 80IA Deduction as Audit Report Filed Before Assessment Completion

Income Tax : The Court held that, for assessment year 2009-10, filing the audit report along with the return was directory and not mandatory. D...

June 16, 2026 81 Views 0 comment Print

ITAT Cancels Section 263 Revision as Issue Was Already Pending Before CIT(A)

Income Tax : The Chennai ITAT held that the Pr. CIT could not invoke Section 263 on matters already under consideration before the appellate au...

June 16, 2026 84 Views 0 comment Print

ITAT Deletes Section 69B Addition as Excess Stock Was Recorded as Business Income

Income Tax : The Chennai ITAT held that excess stock found during a survey could not be taxed as unexplained investment when it had been accoun...

June 16, 2026 93 Views 0 comment Print

ITAT Denies Section 80GGC Deduction as Political Party Denied Reciept of Donation

Income Tax : The Tribunal upheld the disallowance of a ₹10 lakh deduction after the recipient political party informed the tax authorities th...

June 16, 2026 72 Views 0 comment Print

ITAT Sustains Section 80GGC Political Donation Addition as Donation Was Found to Be Non-Genuine

Income Tax : The Tribunal upheld the denial of deduction under Section 80GGC after finding that the political donation formed part of an allege...

June 16, 2026 84 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 48510 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 690 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 558 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 207 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 165 Views 0 comment Print


ITAT Upholds Section 56(2) Addition for Property Purchase Without Consideration

July 18, 2024 987 Views 0 comment Print

Read the detailed analysis of Indira Ramaiah Vs ITO case by ITAT Bangalore. ITAT upheld the addition of gift for undisclosed investments and property purchase.

Section 56(2)(viib) Not Apply to Shares Allotted at Premium to Holding Company

July 18, 2024 1020 Views 0 comment Print

Read the full text of the ITAT Delhi order on Sec 56(2)(viib) and its implications for premium amounts on shares issued to holding companies.

Assessment Order Passed after allowing only 2 Days to respond to SCN not Sustainable

July 18, 2024 1461 Views 0 comment Print

In this case, Gudiyatham Muniraj Ashokkumaran challenged an assessment order, citing breach of natural justice principles due to inadequate response time to an Income Tax show cause notice.

Notification No. 92/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 732 Views 0 comment Print

Ministry of Finance amends tax exemption notification, extending the eligible investment deadline to 31st March 2025 under section 10 (23FE) of the Income-tax Act, 1961.

Notification No. 91/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 651 Views 0 comment Print

CBDT Notification 91/2024 extends the deadline for Section 10(23FE) tax exemptions to March 31, 2025. Discover the key changes and their implications.

Notification No. 90/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 978 Views 0 comment Print

Income Tax Notification No. 90/2024 extends the compliance deadline from March 31, 2024, to March 31, 2025. Explore the latest amendment and its impact.

Notification No. 89/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 486 Views 0 comment Print

Notification No. 89/2024 extends the tax exemption deadline under Section 10(23FE) of the Income-tax Act, 1961, from March 31, 2024, to March 31, 2025.

Notification No. 88/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 561 Views 0 comment Print

Notification 88/2024 amends Income Tax regulations, extending the deadline from March 31, 2024, to March 31, 2025. Updated by CBDT on July 18, 2024.

Notification No. 87/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 537 Views 0 comment Print

Notification No. 87/2024 amends the expiry date of certain provisions under section 10(23FE) of the Income-tax Act, 1961, extending it to March 31, 2025.

Notification No. 86/2024-Income Tax Dated: 18th July, 2024

July 18, 2024 606 Views 0 comment Print

Income Tax Notification No. 86/2024 extends the deadline from March 31, 2024, to March 31, 2025. Learn about the latest amendment and its implications.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930