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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 186 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 759 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 2613 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 1920 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 195555 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 6118 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 1767 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 3822 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 90 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 90 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 99 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 81 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 102 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 48540 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


No Section 35(1)(ii) deduction on Donation to ineligible Scientific Research Trust 

March 30, 2024 1842 Views 0 comment Print

ITAT Ahmedabad ruled against C K Zipper Pvt Ltd, disallowing deduction under Section 35(1)(ii) of Income Tax Act for donations to ineligible research trust.

Section 139(8A)- Updated Return (ITR-U): FAQs

March 30, 2024 182841 Views 3 comments Print

Section 139(8A) of the Income Tax Act allows filing an updated return within 24 months from the end of the relevant assessment year. Learn more about eligibility, provisions, and FAQs.

Financial Tax Planning: A comprehensive guide

March 30, 2024 3963 Views 0 comment Print

Discover the importance of financial tax planning for individuals and businesses. Learn key strategies to minimize tax liabilities and optimize financial resources effectively.

Section 271(1)(c) penalty based on estimated addition & Defective notice is unsustainable

March 30, 2024 2187 Views 0 comment Print

Read how ITAT Mumbai ruled in Jatin Enterprises vs ACIT case, quashing a penalty notice containing concealed and inaccurate income particulars.

Sale Deemed Void: Previous Owner’s Transaction Post-Income Tax Proceedings

March 30, 2024 759 Views 0 comment Print

Explore the judgment by Madras High Court on the dispute between C. Sowmyaraga and the Inspector General of Registration regarding property attachment and validity of sale.

Kachha Arthias cannot take credit of erroneously deducted TDS: ITAT Delhi

March 29, 2024 999 Views 0 comment Print

Delve into the legal intricacies of Rajesh Kumar’s appeal against the CIT(A) order regarding TDS credit denial. Explore the impact on Kachha Arthias and tax liabilities.

TDS Rate Chart (FY 2024-25; AY 2025-26)

March 29, 2024 394800 Views 8 comments Print

Understand TDS rates, exemptions, and sections for FY 2024-25. Stay compliant to avoid penalties. Comprehensive TDS rate chart for various nature of payments.

Taxation of Debt Funds

March 29, 2024 10005 Views 0 comment Print

Explore the changes in taxation of debt mutual funds pre and post April 2023. Learn about impacts, benefits, and strategies. Invest wisely for optimal returns.

TOP 7 Tax Saving Options Other Than 80C- For FY 2023-24

March 29, 2024 11427 Views 0 comment Print

Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home loan interest, electric vehicle purchases, charitable donations, savings account interest, and rebates.

Form 10 IE Or Form 10 IEA: Which Form Is to Be Filed and By Whom?

March 29, 2024 8229 Views 2 comments Print

Confused about which form to file for tax regime choice? Understand the differences between Form 10IE and Form 10IEA, filing dates, and more for informed decision-making.

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