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


Six Compulsory Income Tax Scrutiny Categories Every Taxpayer Should Know

Income Tax : The article clarifies that the CBDT's 4 June 2026 instruction governs six categories of compulsory manual scrutiny and is distinct...

June 25, 2026 114 Views 0 comment Print

Why Your Indian Subsidiary Abroad Might Be Triggering Tax Residency You Never Signed Up For?

Income Tax : The article explains how India's Place of Effective Management (POEM) rules may treat a foreign company as an Indian tax resident ...

June 25, 2026 75 Views 0 comment Print

Income-tax Act 2025: New TDS and TCS Forms Every Deductor Must Know

Income Tax : From 1 April 2026, TDS and TCS compliance shifts to new form numbers and section references under the Income-tax Act, 2025. Busine...

June 25, 2026 405 Views 0 comment Print

Income Tax audit under section 44AB​: FAQs

Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...

June 25, 2026 1274528 Views 54 comments Print

Tax Relief up to 12 Lakh in New Tax Regime, Yet ITR Filing is Still Mandatory

Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...

June 24, 2026 3486 Views 8 comments 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 237 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 6214 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 291 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 1902 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 3978 Views 1 comment Print


Latest Judiciary


ITAT Quashes Reassessment of Section 80GGC Political Donation Claim Due to Limitation

Income Tax : The ITAT Mumbai held that reassessment proceedings initiated on the basis of information arising from a search in the case of a th...

June 25, 2026 132 Views 0 comment Print

CSR Disallowance Under Section 37 Does Not Bar Relief Under Section 80G- Bangalore ITAT

Income Tax : The Tribunal ruled that although CSR expenditure is not allowable under Section 37, eligible donations made to recognised institut...

June 25, 2026 66 Views 0 comment Print

No Section 271D Penalty if AO Not Recorded Satisfaction: ITAT Delhi

Income Tax : The Tribunal held that penalty under Section 271D could not be levied because the Assessing Officer failed to record satisfaction ...

June 25, 2026 102 Views 0 comment Print

ITAT Deletes Sections 271D and 271E Penalties as Assessment Order Lacked Satisfaction

Income Tax : The Tribunal held that penalties under Sections 271D and 271E could not be sustained because the Assessing Officer failed to recor...

June 25, 2026 63 Views 0 comment Print

Section 153C Assessment Upheld as Delay in Handing Over Seized Material Did Not Extend Limitation Illegally

Income Tax : Smt. Pavithra Sugichandran Vs Office of the DCIT (Madras High Court) The Madras High Court considered six writ petitions challengi...

June 25, 2026 54 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 50061 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 885 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 687 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 252 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 222 Views 0 comment Print


No Penalty for mere rejection of Sec 54F claim against tenancy right Sale

May 13, 2019 1275 Views 0 comment Print

The dispute between the Assessee and the Revenue was with reference to actual payment for purchase of the flat and whether when the Assessee had purchased one more flat, though contagious, could the Assessee claim exemption under Section 54F of the Act.

Order No. 111/2019: Additional Charge in CCIT grade to 16 Officers

May 13, 2019 1131 Views 0 comment Print

Office Order No. 111 of 2019- Sixteen officers are hereby ordered to hold the additional charge of the post(s), mentioned against their names, in addition to their substantive charge, with immediate effect and until further orders F.No. A-22011/4/2019-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Office Order No. […]

Office Order No. 111 of 2019 – Additional Charge in CCIT grade

May 13, 2019 1524 Views 0 comment Print

Office Order No. 111 of 2019The following officers are hereby ordered to hold the additional charge of the post(s), mentioned against their names, in addition to their substantive charge, with immediate effect and until further orders:

Order No. 110/2019: 20 Transfer & Posting in Pr. CIT Grade

May 13, 2019 2907 Views 0 comment Print

Office Order No. 110 of 2019 The following officers, who were promoted to the grade of Pr. Chief Commissioner of Income Tax, vide CBDT’s Office Orders No. 49 of 2019 dated 09.03.2019 and No. 98 of 2019 dated 30.04.2019, are hereby posted, with immediate effect and until further orders, as under:

Order No. 110/2019 Transfer & Posting in the grade of Pr. CCIT

May 13, 2019 2775 Views 0 comment Print

Office Order No. 110 of 2019 The following officers, who were promoted to the grade of Pr. Chief Commissioner of Income Tax, vide CBDT’s Office Orders No.49 of 2019 dated 09.03.2019 and No. 98 of 2019 dated 30.04.2019, are hereby posted, with immediate effect and until further orders, as under:

Human Probability Scores over Evidence

May 13, 2019 6624 Views 0 comment Print

It is a very well-known fact that High court only entertains question of law and Income tax Appellate Tribunal (ITAT) is the last fact-finding authority. Thus, finding of fact as given by the ITAT would be basis for deciding the matter by High Court or Supreme Court. If, however findings given by the ITAT is […]

Changes in ITR Forms Applicable For AY 2019-2020

May 12, 2019 8205 Views 3 comments Print

Stay updated on the changes in ITR forms applicable for AY 2019-2020. Know the new requirements of each form and file your income tax returns hassle-free.

Taxability of gifts received by an individual

May 12, 2019 23334 Views 0 comment Print

In this article, we will emphasis on the applicability of income tax laws on the gifts (movable or immovable) received by an individual from any person.

New Form-16 Generator with Auto tax Calculator & Salary Statement

May 12, 2019 197082 Views 11 comments Print

Download Latest Form-16 (New Format) Generator with Auto tax Calculator and Salary Statement  The CBDT has notified a new format for form-16 vide Income Tax notification No. 36/2019 dated 12/04/2019. The Income Tax department has made many new changes in format of Form-16 – the salary TDS certificate, requiring a detailed break-up of salary, tax exempted allowances paid […]

 Extension of time for Special audit by AO on Suo moto basis

May 11, 2019 1803 Views 0 comment Print

CIT Vs. Ram Kishan Dass (Supreme Court) Facts of the case Revenue is in appeal against Delhi High Court order holding that proviso to section 142(2C) authorizing AO to extend the time limit suo moto w.e.f. 01-04-2008 is prospective in nature and therefore AO can extend time for special audit on application of assessee and not […]

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