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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


I Sold Listed Shares & Made INR 3 Lakh Profit – How Is LTCG Taxed Now?

Income Tax : Learn how the increased Rs. 1.25 lakh exemption and 12.5% LTCG tax rate apply to listed shares and equity mutual funds. The guide ...

June 19, 2026 1272 Views 0 comment Print

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 11754 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 510 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 291 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 243 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 90 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


Belated Return Filed in Response to Section 148 Cannot Revive Section 80P Deduction: Bangalore ITAT

Income Tax : The Tribunal ruled that filing a return in response to Section 148 does not cure the failure to file the original return within th...

June 19, 2026 21 Views 0 comment Print

Section 154 Cannot Be Used to Make Fresh Disallowance of Asset Write-Off Claim: Bangalore ITAT

Income Tax : ITAT Bangalore held that Section 154 cannot be invoked to make a fresh disallowance of an asset write-off claim that was never exa...

June 19, 2026 39 Views 0 comment Print

Second Form 10AB Application Maintainable; CIT(E) Cannot Reject Registration Solely Because Earlier Rejection Was Not Challenged

Income Tax : ITAT Bangalore held that the Income-tax Act does not prohibit a charitable trust from filing a second application for registration...

June 19, 2026 60 Views 0 comment Print

ITAT Quashes Two Reassessments: Time-Barred Assessment and Second Section 148 Notice During Pendency of Earlier Reassessment Held Invalid

Income Tax : ITAT ruled that the reassessment order passed under Section 147 was unsustainable as it exceeded the limitation period prescribed ...

June 19, 2026 54 Views 0 comment Print

Bona Fide Claim Under Newly Introduced Section 71(3A) Saves Assessee from Penalty Under Section 270A

Income Tax : ITAT Bangalore deleted the penalty under Section 270A after holding that the assessee's incorrect claim arose from a bona fide mis...

June 19, 2026 60 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 49110 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 747 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


Taxpayer/assessee should be heard as far as reasonably possible: ITAT Pune

August 28, 2023 501 Views 0 comment Print

ITAT Pune orders re-adjudication, emphasizing the importance of natural justice and giving Sachin Vasant Jare a chance to present his submissions.

Assessment cannot be deemed as erroneous merely for difference between guideline value & sale consideration

August 28, 2023 1023 Views 0 comment Print

ITAT Chennai rules no fresh assessment by CIT if AO chooses not to add on Income Tax. Deepika Subramanian’s appeal upheld against PCIT’s decision.

DCB reports relevant in determining proper payment of CST & VAT: ITAT

August 28, 2023 582 Views 0 comment Print

ITAT Hyderabad recognizes the relevance of DCB reports in determining proper payment of CST and VAT by Sri Gurukrupa Agro Industries for 2015-16.

CBDT inserts New Income Tax Rule 13 & 13A & New Form No. 6C and 6CA

August 28, 2023 16992 Views 0 comment Print

Understand the latest additions to the Income Tax Rules by CBDT. Dive into the details of Rule 13 & 13A and the significance of Form No. 6C & 6CA.

Form 13 and Declaration under section 194C(6) of Income Tax Act

August 28, 2023 40920 Views 0 comment Print

Details of Form 13 & section 194C(6) of Income Tax Act 1961. Learn importance of these for transporters & how to avoid excess TDS deductions.

Use of technology in Income Tax tax proceedings & its impact on taxpayers: ITBA Suggestions

August 28, 2023 9279 Views 0 comment Print

An insight into suggestions made by Income Tax Bar Association, Varanasi on use of technology in tax proceedings and its impact on taxpayers.

Revamped CBDT Income Tax Website: Features & Insights

August 28, 2023 1914 Views 0 comment Print

Explore new CBDT’s Income Tax website. Redesigned for mobile, featuring a Mega Menu, guided tours, and functionalities to compare Acts, Sections, and more.

Income Tax, Tax Audit and Trust Glossary

August 26, 2023 2382 Views 0 comment Print

Income Tax Glossary Advance Ruling : The Advance Ruling is a mechanism that helps in bringing certainty in the determination of tax liability on a particular transaction. Advance tax : The scheme of advance tax requires every assessee to estimate his current income, and if tax liability on such estimated income exceeds the specified limit, […]

German Income Tax: Latest developments, 2023

August 26, 2023 1572 Views 0 comment Print

Explore the latest developments in German Income Tax for 2023, including changes influenced by the Russia-Ukraine conflict. With the Indo-German free trade agreement looming, understanding corporate tax intricacies becomes crucial. This comprehensive guide covers aspects like Corporate Income Tax, Trade Tax, Corporate Withholding Tax, Tax Returns, and more. Stay informed about the evolving tax landscape in Germany, Europe’s largest economy, to navigate compliance and leverage potential benefits effectively.

Tax Audit under Income Tax Act,1961

August 26, 2023 5397 Views 0 comment Print

Explore intricacies of Tax Audit under Income Tax Act 1961. Dive deep into its applicability, tax report components, filing deadlines, penalties, and more.

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