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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


Can Updated Return Be Filed After Notice Under Sections 143(2), 148A or 148?

Income Tax : The article explains how the Finance Acts, 2025 and 2026 have reshaped the Updated Return regime under Section 139(8A). It highlig...

June 27, 2026 246 Views 0 comment Print

SC Sends JAO vs Faceless Reassessment Dispute Back to High Courts

Income Tax : The Supreme Court has remitted reassessment cases for fresh consideration after the retrospective insertion of Section 147A, leavi...

June 27, 2026 111 Views 0 comment Print

25 Practical Errors Found During ITR Filing that every Taxpayer should avoid

Income Tax : Learn the most frequent errors taxpayers make while filing Income Tax Returns for AY 2026-27 and how avoiding them can prevent not...

June 27, 2026 1221 Views 1 comment Print

Section 87A Rebate Anomaly Leaves Higher Earners With Lower Take-Home Pay

Income Tax : The article explains how the interaction of Section 87A, marginal relief, and Health & Education Cess can leave taxpayers earning ...

June 27, 2026 108 Views 0 comment Print

FAQs on Authority for Advance Ruling/Board for Advance Rulings

Income Tax : Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The...

June 27, 2026 17109 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 249 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 6235 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 303 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 1932 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 4005 Views 1 comment Print


Latest Judiciary


Google AdWords Is Advertising, Not Technical Service; Section 194C TDS Upheld

Income Tax : The ITAT Hyderabad held that payments made for Google AdWords constitute advertising contracts under Section 194C and not fees for...

June 28, 2026 42 Views 0 comment Print

Section 270A Penalty Deleted as AO Failed to Specify Under-Reporting or Misreporting Charge

Income Tax : The ITAT Mumbai held that penalty under Section 270A cannot be sustained where the show cause notice and assessment order fail to ...

June 28, 2026 51 Views 0 comment Print

ITAT Deletes Section 69A Addition as Cash Deposits Represented Recorded Business Receipts

Income Tax : The ITAT Lucknow upheld deletion of the addition after finding that the cash deposits represented business receipts arising from d...

June 28, 2026 57 Views 0 comment Print

ITAT Deletes Jewellery Addition as Inheritance & Purchase Records Explained Source

Income Tax : The ITAT Delhi deleted the addition under section 69A after finding that the assessee had substantiated the source of the jeweller...

June 28, 2026 138 Views 0 comment Print

12.5% Bogus Purchase Addition Sustained as Transport & Consumption Evidence Was Missing

Income Tax : The ITAT Raipur upheld the disallowance of 12.5% of disputed purchases after finding that the assessee failed to establish the act...

June 28, 2026 87 Views 0 comment Print


Latest Notifications


CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation

Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...

June 27, 2026 159 Views 0 comment Print

CBDT Approved University of Hyderabad for Scientific Research Tax Benefits

Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...

June 27, 2026 96 Views 0 comment Print

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 50703 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 903 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 711 Views 0 comment Print


CBDT notifies date of Applicability of Equalisation Levy

May 27, 2016 9277 Views 0 comment Print

n exercise of the powers conferred by sub-section (2) of section 163 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints the 1st day of June, 2016 as the date on which Chapter VIII of the said Act shall come into force.

How to furnish details of assets & liabilities in New ITR Form

May 27, 2016 45580 Views 3 comments Print

The ITR (income tax return) forms for the the financial year ended 31st March 2016 have been notified by the government well in time this time. Generally, the forms are on the same lines as that of the previous forms except that the tax payers either an individual or an HUF have to furnish additional details of the assets and liabilities in case the taxable income exceeds Rs. 50 lacs in the year. Let us discuss what details are required to be submitted and how to comply with this requirement.

54 Reasons for Penalty/Prosecution under Income Tax Act, 1961

May 27, 2016 10888 Views 0 comment Print

IN this Article we have discussed 37 defaults which invites levy of Penalty and 17 offences which are punishable under under the Income Tax Act,1961. Articles further discusses in brief about Penalty & Prosecution Provision in Brief.

E-FIle Your Income Tax Return, The Right Action for Peace of Mind

May 27, 2016 8452 Views 0 comment Print

The process of electronically filing Income tax returns through the internet is known as e-Filing. e-Filing of Returns/Forms is mandatory for A. In the case of an Individual/HUF a. Where accounts are required to be audited under section 44AB ;

No mandatory Trust registration cancellation u/s 12AA for Turnover

May 27, 2016 4738 Views 0 comment Print

It is clarified that it shall not be mandatory to cancel the registration already granted u/s 12AA to a charitable institution merely on the ground that the cut-off specified in the proviso to section 2(15) of the Act is exceeded in a particular year without there being any change in the nature of activities of the institution

Notification No. 36/2016-Income Tax, Dated: 27.05.2016

May 27, 2016 2875 Views 0 comment Print

S.O. It is hereby notified for general information that the organization M/s G.B. Pant Institute of Himalayan Environment and Development, New Delhi (PAN-AAAAG3515F) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act 1961

Direct Tax Dispute Resolution Scheme Rules, 2016

May 26, 2016 3439 Views 0 comment Print

Form of declaration and undertaking under section 203.- (1) The declaration under sub-section (1) of section 203 shall be made in duplicate in Form-1 to the designated authority and verified in the manner specified therein.

Last date for filing deceleration under Direct Tax Dispute Resolution Scheme

May 26, 2016 2245 Views 0 comment Print

S.O. 1902(E).- In exercise of the powers conferred by section 202 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints the 31st day of December, 2016 as the date on or before which a person may make a declaration to the designated authority in respect of tax arrear or specified tax under the Direct Tax Dispute Resolution Scheme, 2016.

Brief of FA 2016, passed in Lok Sabha:- Direct Tax and Service Tax

May 26, 2016 10645 Views 1 comment Print

Brief of Finance Act 2016, passed in Lok Sabha:- Direct Tax and Service Tax.The Finance Budget 2016 has been passed in Lok Sabha on 05 May 2016 with few amendments. The president assented the finance bill on 14 May 2016. The following are the major highlights of Finance Act, 2016

Tax Return Preparers for Individual and HUF Taxpayers

May 26, 2016 16138 Views 3 comments Print

Now filing Income Tax Return is convenient than ever! Thanks to the taxpayer friendly initiatives of the Income Tax Department. Just log on to www.trpscheme.com and choose ‘Locate TRPs’ or ‘Register for Home Visit’ or ‘Online Tax Help’ and a trained Tax Return Preparer (TRP) will help you in the Return Preparation process. The Scheme […]

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