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


FAQs on Income Tax e-Verification Scheme 2021

Income Tax : The Income Tax Department explains how the e-Verification Scheme addresses mismatches between reported financial transactions and ...

June 19, 2026 11712 Views 0 comment Print

Can Capital Gains Exemption Be Claimed If House Is Bought in Spouse’s/Family Members Name?

Income Tax : This article examines conflicting judicial views on whether capital gains exemption is available when a new residential house is p...

June 18, 2026 447 Views 0 comment Print

Section 43B(h): MSME Payment Clause Every Business Must Understand

Income Tax : This guide explains how Section 43B(h) defers tax deductions where payments to Micro and Small Enterprises remain unpaid beyond th...

June 18, 2026 258 Views 0 comment Print

Income Tax Department: Double Standards

Income Tax : The case highlights denial of TDS credit after an incorrect TAN was reported in the income tax return, even though the correct TDS...

June 18, 2026 186 Views 0 comment Print

Guide to HRA Exemption Claims under Scrutiny by Income Tax Authorities

Income Tax : The Income Tax Department is using AI, data analytics, AIS, and PAN-based verification to identify incorrect HRA exemption claims....

June 18, 2026 1092 Views 0 comment Print


Latest News


Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 66 Views 0 comment Print

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 6148 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 276 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 1824 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 3897 Views 1 comment Print


Latest Judiciary


Wrong Section, Wrong Assessment: Bangalore ITAT Annuls Section 143(3) Order Passed After Search

Income Tax : ITAT Bangalore held that once a search under Section 132 was conducted, the assessment for the relevant year had to proceed under ...

June 19, 2026 51 Views 0 comment Print

Form 3CD Reporting Error Not Sufficient to Deny Bonus Deduction: ITAT Bangalore

Income Tax : The ITAT Bangalore held that a mismatch between the income tax return and Form 3CD cannot by itself justify disallowance of a genu...

June 19, 2026 72 Views 0 comment Print

ITAT Remands Cash Deposit Addition as Documentary Evidence Was Not Examined

Income Tax : ITAT Visakhapatnam remanded the assessment after holding that documentary evidence relating to cash deposits, members' records and...

June 19, 2026 60 Views 0 comment Print

ITAT Hyderabad Deletes Section 69 Addition as Dumb Document Lacked Evidence

Income Tax : ITAT Hyderabad held that an addition under Section 69 cannot be sustained solely on the basis of an uncorroborated loose sheet. Th...

June 19, 2026 87 Views 0 comment Print

ITAT Allows Foreign Tax Credit as Delay in Filing Form 67 Is Procedural: ITAT Visakhapatnam

Income Tax : The ITAT Visakhapatnam held that delayed filing of Form No. 67 does not justify denial of Foreign Tax Credit where taxes have been...

June 19, 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 49089 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 744 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 591 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 228 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 183 Views 0 comment Print


Cenvat credit left on closure of manufacturing unit allowable as deduction u/s 37(1)

September 14, 2023 711 Views 0 comment Print

ITAT Delhi held that unadjusted cenvat credit left on closure on manufacturing unit, which cannot be utilised further, is allowable as business expenditure under section 37(1) of the Income Tax Act

ITAT Directs Individual Tax Rates for Trust with Known Beneficiaries

September 14, 2023 3288 Views 0 comment Print

Analyzing ITAT Chennai’s decision on the tax rate application in Dinroze Estate Vs ITO case. The trust with known beneficiaries should be taxed at individual rates.

Delhi HC Quashes Income Tax Notice Due to Failure to Note Disclosures in ITR

September 14, 2023 6249 Views 0 comment Print

Delhi High Court’s landmark judgment in Shalini Mittal Vs ITO case, quashing the income tax notice issued under Section 148A(b) of the Income Tax Act for Assessment Year 2018-19.

Taxation of Salary for Work in Foreign Jurisdiction Under India-China DTAA

September 14, 2023 1272 Views 0 comment Print

An in-depth analysis of the Ramesh Kumar AE Vs ITO (ITAT Chennai) case. Discover why the ITAT Chennai ruled that salary earned in a foreign jurisdiction is not taxable in India.

Re-adjudicate Deceased Assessee’s Foreign Income Based on Previous Year’s Residential Status: ITAT

September 14, 2023 870 Views 0 comment Print

Read the full text of ITAT Mumbai’s order directing re-adjudication of foreign income earned by a deceased assessee based on the residential status of the previous year.

Give chance to Assessee to establish non-receipt of statutory notices: ITAT

September 14, 2023 1374 Views 0 comment Print

An in-depth analysis of the ITAT Delhi’s order in the case Poonam C/o Sanjeev Anand vs ITO, focusing on the significance of the ruling that assessees should be given a chance to establish non-receipt of statutory notices.

Taxing Agricultural Income Under Section 153C: Role of Incriminating Material

September 14, 2023 696 Views 0 comment Print

Exploring the key takeaways from the ITAT Chennai ruling in Duraisamy Parameswaran Vs ACIT, focusing on how agricultural income is treated under Section 68 of the Income Tax Act.

ITAT Quashes Reassessment on grounds of being based on vague & non-descript reasons

September 14, 2023 1395 Views 0 comment Print

An in-depth analysis of ITAT Delhi’s verdict in the case of Captive Commerce Pvt. Ltd. Vs ACIT. The tribunal quashes the reassessment order under Section 148 of Income Tax Act for vague reasons.

Bonus Shares cannot be taxed under section 56(2)(vii)(c )

September 14, 2023 1317 Views 0 comment Print

Analysis of ITAT Delhis decision in DCIT Vs Aruna Chandhok case. Understand why no income tax is payable on bonus shares under Income from Other Sources.

Advisory on Validating Bank Account on Income Tax Portal for Income Tax Refund

September 14, 2023 34761 Views 0 comment Print

Check if your bank account is valid for refund. Learn how to update or revalidate your account details on the e-filing portal. Get assistance and support.

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