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 300 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 1716 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 6156 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 1956 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 195624 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 6121 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 1779 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 3828 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


Reopening Quashed for Borrowed Satisfaction: AO Added ‘Share Capital, Loan and Premium’ Without Even Knowing the Nature of Transaction

Income Tax : Jaipur ITAT held that reassessment proceedings were invalid because the Assessing Officer mechanically relied on Investigation Win...

June 17, 2026 18 Views 0 comment Print

WhatsApp Chats, Screenshots & Suspicion Can’t Prove On-Money: ITAT Deletes ₹9.51 Crore Addition and Quashes U/s 153C Assessment

Income Tax : The Tribunal ruled that third-party WhatsApp messages and decoded chat entries lacked evidentiary value against the assessee witho...

June 17, 2026 42 Views 0 comment Print

ITAT Directs TDS Refund Despite Delayed E-Verification; Revenue Cannot Retain Tax on Technical Grounds

Income Tax : The Tribunal ruled that technical lapses in e-verification cannot override a taxpayer's lawful entitlement to a refund. Once the d...

June 17, 2026 48 Views 0 comment Print

ITAT Quashes Reassessment: Approval from PCIT Instead of PCCIT Renders Section 148 Notice Invalid

Income Tax : The Tribunal ruled that reopening proceedings cannot survive where the mandatory sanction under Section 151 is not obtained from t...

June 17, 2026 45 Views 0 comment Print

CSR Donations Eligible for Section 80G Deduction; No Double Disallowance Merely Because They Form Part of CSR Spend

Income Tax : Delhi ITAT held that donations qualifying under Section 80G do not lose eligibility merely because they form part of Corporate Soc...

June 17, 2026 69 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 48696 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 696 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 561 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 210 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


AO Can Initiate Reassessment Based on Investigation Wing Info: ITAT

September 16, 2023 2694 Views 0 comment Print

Understanding the Nakoda Metal Industries Vs ITO case in ITAT Mumbai. The article elaborates on why the court validated AO’s reassessment proceedings based on external information.

AO’s Addition u/s 68 Unsustainable: Assessee Proves Identity, Creditworthiness & Genuineness – ITAT

September 16, 2023 1107 Views 0 comment Print

Explore the ITAT Delhi’s judgment in ACIT vs Rishi Infratach Pvt Ltd case pertaining to Section 68. Learn how the court settled matters related to identity, creditworthiness, and genuineness of share capital transactions.

DSC Issues and Solutions for E-Verification on Income Tax e-Filing portal

September 15, 2023 28677 Views 1 comment Print

Discover solutions to common DSC issues during e-Verification. Learn how to update expired certificates, troubleshoot errors, and ensure smooth tax filing.

Section 148 notices Issued by Jurisdictional AO Invalid After Section 151A: Telangana High Court

September 15, 2023 35049 Views 2 comments Print

Telangana High Court declares Section 148 notices issued by Jurisdictional Assessing Officer invalid post-amendment under Section 151A of the Income Tax Act.

Section 271D Penalty for Technical Violation of Section 269SS not sustainable

September 15, 2023 1602 Views 0 comment Print

In Gopinath Kanduri vs. ITO case, penalty under section 271D was imposed for a technical violation of section 269SS. Learn how tribunal ruled in favor of assessee.

Audit Requirements for LLPs in FY 2022-23 and 2023-24: Tax and Statutory Audits

September 15, 2023 168480 Views 3 comments Print

Learn about mandatory tax and statutory audit requirements for LLPs in India, including penalties for non-compliance & filing deadlines for FY 2022-23

Request to Postpone Form 10B & 10BB Applicability

September 15, 2023 6093 Views 0 comment Print

Chartered Accountants Association, Ahmedabad, requests a one-year postponement of Form 10B & 10BB applicability, citing voluminous data requirements and late notification.

Benefit of indexed cost of acquisition available based on payments dates

September 15, 2023 2301 Views 0 comment Print

ITAT Delhi held that held that benefit of indexed cost of acquisition should be available to assessee based on payments made. Accordingly, AO directed to re-compute gain.

Understanding Marginal Relief in Indian Income Tax

September 15, 2023 10269 Views 1 comment Print

Learn about the concept of Marginal Relief in Indian income tax, how it applies to individuals and companies, and its impact on tax liability.

Treatment of cash deposited out of sales as income u/s 68 unjustified as sales not disputed

September 15, 2023 4137 Views 0 comment Print

ITAT Delhi held that the cash deposited out of sales cannot be treated as income u/s 68 of the Income Tax Act once the sales are not disputed by the revenue.

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