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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 Disallowance of cash expenses or limit on cash transactions

Income Tax : This FAQ serves as a reference for the Income-tax Act provisions relating to cash receipts, loans, repayments, and electronic paym...

June 22, 2026 4695 Views 0 comment Print

FAQs on ICDS (Income Computation and Disclosure Standards)

Income Tax : This FAQ covers all ten notified ICDS, explaining their scope, applicability, disclosures, and treatment of various tax-related tr...

June 22, 2026 7473 Views 0 comment Print

FAQs on Penalty provisions under Income Tax Act, 1961

Income Tax : This guide explains when penalties can be imposed under various provisions of the Income-tax Act, 1961. It also outlines the appli...

June 22, 2026 5724 Views 0 comment Print

One Mismatch Away from a Notice: How 3CD–ITR Gaps Trigger Scrutiny

Income Tax : Even genuine reporting differences between Form 3CD and the ITR can attract automated scrutiny. This article explains key reconcil...

June 22, 2026 138 Views 0 comment Print

Why 30 June Matters: Last Date for Section 143(2) Income Tax Scrutiny Notices

Income Tax : The article explains that 30 June is the Department's deadline to issue scrutiny notices for eligible returns, not a filing deadli...

June 22, 2026 183 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 192 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 6178 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 282 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 1866 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 3951 Views 1 comment Print


Latest Judiciary


Section 148 Notice Set Aside as AO Ignored Explanations & Supporting Materials

Income Tax : The Calcutta High Court set aside the Section 148A(3) order and Section 148 notice after finding that the Assessing Officer failed...

June 22, 2026 45 Views 0 comment Print

Calcutta HC Quashes Section 148A Order for Failure to Consider Assessee’s Replies

Income Tax : The Calcutta High Court set aside the Section 148A(3) order and Section 148 notice after finding that the Assessing Officer failed...

June 22, 2026 45 Views 0 comment Print

Pune ITAT Deletes ₹44.80 Crore Angel Tax Addition; AO Cannot Replace Assessee’s DCF Valuation with NAV Method

Income Tax : The Tribunal held that Rule 11UA gives the assessee the exclusive option to choose the valuation method for unquoted shares. While...

June 22, 2026 48 Views 0 comment Print

Pune ITAT Deletes ₹4.02 Crore ‘On-Money’ Addition; Third-Party Statements and Dumb Documents Not Enough

Income Tax : The Tribunal held that contradictory third-party statements and unverified allegations cannot form the sole basis for taxing alleg...

June 22, 2026 60 Views 0 comment Print

Pune ITAT Deletes ₹50 Lakh Penalty U/s 271D; Third-Party Statement Alone Cannot Prove Cash Loan

Income Tax : The ITAT held that an untested third-party statement, without supporting evidence or cross-examination, cannot form the sole basis...

June 22, 2026 90 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 49518 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 783 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 615 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 234 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 192 Views 0 comment Print


Section 195 not applies to payment not in the nature of FTS to Non-Resident not having PE in India

September 5, 2022 1848 Views 0 comment Print

Assessee was not having any permanent establishment in India and was providing the service only from Singapore and therefore the provisions of Section 195 of the Act are not applicable.

Section 80JJAA Deduction on cost of new & incremental employees

September 5, 2022 10548 Views 1 comment Print

Section 80JJAA of the Income Tax Act, 1961 is a deduction which an assessee can claim on the emoluments paid to new and incremental employees during the previous year.

Not declaring swimming pools to avoid tax in France – Al to Detect Swimming Pools

September 4, 2022 1716 Views 0 comment Print

Property tax in France is based on the rental value of the property and any addition to the property like permanent (not temporary) has to be declared before tax authorities within 90 days, since property tax is based on rental value, so any improvement will increase the rental value of property resulting in increased property tax.

Future & Options (F&O) Accounting, Audit and Taxation

September 4, 2022 349815 Views 36 comments Print

Understand the tax implications of Future & Options (F&O) trading. Learn how to report and maintain records for F&O transactions in your income tax return.

Overview of Free Trade Agreements and Recent Developments

September 2, 2022 2667 Views 0 comment Print

Free trade agreements essentially are agreements between two or more nations to curtail the plethora of trade barriers to imports and exports. Free trade agreements help in reducing governmental barriers including but not limited to tariffs, subsidies, restrictions, and prohibitions.

Regular books of accounts maintained in tally not constitute incriminating material  

September 2, 2022 2511 Views 0 comment Print

Regular books of accounts maintained by assessee in tally software, now being referred by Revenue, to justify impugned addition did not constitute incriminating material unearthed during search.

GAAR- General Anti Avoidance Rules

September 2, 2022 9384 Views 0 comment Print

Understanding GAAR: Learn about the General Anti Avoidance Rules and how they can impact tax planning and transactions for accommodating parties.

Start Up Recognition (How to apply for Start up Certificate)

September 2, 2022 2667 Views 0 comment Print

Learn how to apply for a Start-up Certificate under the Start-up India Scheme. Get recognized as a start-up and unlock opportunities for growth and employment.

Philanthropy, Trusts and Their Taxation- A Glance Back

September 2, 2022 6030 Views 0 comment Print

Explore the history and significance of philanthropy, trusts, and their taxation. Discover how these concepts have shaped society and contributed to charitable activities.

Contribution received from members towards infrastructure facilities should be treated as a capital receipt

September 2, 2022 1137 Views 0 comment Print

Contribution received from the members towards infrastructure facilities should be treated as a capital receipt as these contributions were received for a specific purpose.

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