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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


ESOP Buyback in Unlisted Companies: Two-Tax Problem Employees Aren’t Prepared For

Income Tax : The article explains how ESOP taxation in unlisted companies occurs at both exercise and buyback stages. It highlights perquisite ...

June 22, 2026 117 Views 0 comment Print

FAQs on Compounding of Offences under Income Tax Act, 1961

Income Tax : The FAQs explain the revised CBDT guidelines on compounding offences under the Income-tax Act effective from 17 October 2024. They...

June 22, 2026 2175 Views 0 comment Print

FAQs on Exemption available from Capital gains under Income Tax Act, 1961

Income Tax : Learn the eligibility, investment conditions, exemption limits, timelines, and withdrawal provisions for capital gains exemptions ...

June 22, 2026 7083 Views 0 comment Print

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 4794 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 7545 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 204 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 6184 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 285 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


Sales Tax Subsidy Linked to Capital Investment is Capital Receipt: ITAT Mumbai

Income Tax : The ITAT Mumbai held that sales tax and similar State Government incentives were capital receipts because the schemes were intende...

June 22, 2026 72 Views 0 comment Print

Section 263 Revision Invalid as AO Had Already Examined Key Issues: ITAT Visakhapatnam

Income Tax : The ITAT Visakhapatnam held that the Commissioner cannot invoke Section 263 where the Assessing Officer has already conducted inqu...

June 22, 2026 69 Views 0 comment Print

Section 80P Deduction Denied as No Valid Return Was Filed: ITAT Visakhapatnam

Income Tax : The ITAT Visakhapatnam held that deduction under Section 80P cannot be allowed where the assessee failed to file a valid return of...

June 22, 2026 72 Views 0 comment Print

Foreign Tax Credit Allowed as Delayed Form 67 Filing Is Procedural: ITAT Visakhapatnam

Income Tax : The Tribunal directed the Assessing Officer to grant Foreign Tax Credit, observing that delayed filing of Form No. 67 is only a pr...

June 22, 2026 69 Views 0 comment Print

Reassessment Quashed as AO Relied on Borrowed Satisfaction Without Independent Analysis

Income Tax : The ITAT Jaipur held that reassessment under Section 147 was invalid because the Assessing Officer merely relied on Investigation ...

June 22, 2026 78 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 49593 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 789 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 621 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 237 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 198 Views 0 comment Print


Govt releases Income Tax e-book ‘Pratidhwani’

June 11, 2022 2730 Views 1 comment Print

The e-book Pratidhwani showcases policy initiatives and changes in Income Tax Department and growth of nation through the lens of Department’s outreach programmes during the period 2000 to 2022.

Govt releases CBDT’s e-book ‘Aarohan’

June 11, 2022 2040 Views 0 comment Print

CBDT e-book Aarohan gives an overview of major reforms in Income Tax Department & showcases the contribution of different batches of Indian Revenue Service to tax administration since Independence.

Notification No. 61/2022 – Jurisdiction of Income tax Authorities

June 10, 2022 8310 Views 0 comment Print

Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021– Notification No. 61/2022 – Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES), New Delhi Notification No. 61/2022 – Income Tax […]

Notification No. 60/2022-Income Tax – Control of income-tax authorities

June 10, 2022 2043 Views 0 comment Print

Notification No. 60/2022-Income Tax, Dated: 10.06.2022 – Control of income-tax authorities. Also Read: Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, […]

Income tax calculator for 2022-23 based on new & old tax rules

June 10, 2022 7473 Views 0 comment Print

Income tax calculator for 2022-23 based on new and old tax rules. Free Tool Download is just a reference tool for self awareness and learning and not to be mistaken as full and final. hope this helps you to learn !

What to Do when TDS Not Reflected in Form 26AS

June 10, 2022 159360 Views 10 comments Print

Discover solutions when TDS doesn’t reflect in Form 26AS. Learn how to resolve Tax Credit Mismatch with reasons, corrective actions, and the taxpayer’s remedy. Explore the judicial stance, statutory provisions, and CBDT’s guidance. File grievances and ensure TDS credit rightfully.

Reasonable opportunity must be given to taxpayer to submit evidences impacting tax liability

June 10, 2022 1011 Views 0 comment Print

Tax authorities are to adjudicate upon the tax liability in accordance with law. The liability to taxation in respect of assessee should not escape assessee and likewise where the assessee was not in a position to show certain evidences which impacts the tax liability, reasonable opportunity should be afforded to such assessee to bring such evidences to the notice of the tax authorities.

Income Tax Act Compliance Handbook for FY 2022-23 & AY 2023-24

June 10, 2022 17739 Views 2 comments Print

Income Tax Act, 1961 Compliance Handbook as applicable for Fy 2022-23 (AY 2023-24) contains update on Tax Rates for FY 2022-23 & AY 2023-24, Residential Status and Scope of Total Income, Advance Tax, Tax Deducted at Source (TDS)

Income Tax Implications where Contract (JDA) is not Registered

June 10, 2022 48906 Views 0 comment Print

Understanding Income Tax implications in unregistered Joint Development Agreements (JDA). Explore the tax challenges pre-Finance Act 2017 and the impact of Section 45(5A) introduced to ease hardships for landowners. Stay informed on taxation aspects in property development.

Section 153C Addition unsustainable if no incriminating material found during Search

June 10, 2022 1545 Views 0 comment Print

We hold that in absence of any incriminating material found during the course of search with respect to the impugned transaction, the AO did not have any power to make the impugned addition.

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