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Latest Articles


ITAT Deletes On-Money Addition as Unsigned Agreement & Third-Party Records Lacked Evidence

Income Tax : Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) The appeals involved three assessees belonging to the Kalta Gro...

June 30, 2026 129 Views 0 comment Print

​International Business- Income Tax Sections to be remembered

Income Tax : The guide compiles the principal Income-tax Act provisions applicable to non-residents establishing business in India and resident...

June 30, 2026 18146 Views 1 comment Print

Compulsory Income Tax Scrutiny Guidelines FY 2026-27: CS01–CS06 Explained

Income Tax : CBDT has identified six categories of returns for compulsory scrutiny during FY 2026-27. Selection triggers detailed examination b...

June 30, 2026 318 Views 0 comment Print

Countrywise Withholding Tax Rates: IT Act vs. Tax Treaties/DTAA

Income Tax : Tax on dividends, interest, royalties and FTS earned by non-residents is governed by the more beneficial rate under the Income-tax...

June 30, 2026 43501 Views 1 comment Print

Countrywise Withholding Tax Rates / Chart as per DTAA

Income Tax : The applicable withholding tax depends on the Income-tax Act or the relevant DTAA, whichever is more beneficial. Treaty rates diff...

June 30, 2026 454289 Views 28 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 267 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 6262 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 318 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 1983 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 4032 Views 1 comment Print


Latest Judiciary


Delay in Income Tax Appeal Condoned as Jail Custody Prevented E-Filing

Income Tax : ITAT ruled that a justice-oriented approach should prevail over technical objections. Matter remanded for adjudication on merits....

July 1, 2026 30 Views 0 comment Print

Section 68 Addition Deleted as Earlier Accepted Shares Can’t Be Held Bogus: ITAT Kolkata

Income Tax : ITAT ruled that genuine sale proceeds supported by books, bank records and purchaser details cannot be treated as unexplained cash...

July 1, 2026 30 Views 0 comment Print

Loan to Non-Shareholder Company Not Taxable as Deemed Dividend

Income Tax : ITAT Kolkata held that a loan received by a company that was not a shareholder of the lender could not be taxed as deemed dividend...

July 1, 2026 60 Views 0 comment Print

ITAT Restores Appeal After Accepting Speed Post Envelope as Proof of Timely Order Receipt

Income Tax : ITAT Kolkata held that the CIT(A) wrongly dismissed the appeal as time-barred despite evidence showing it was filed within limitat...

July 1, 2026 63 Views 0 comment Print

Reassessment Order Passed Beyond Section 153 Limitation was Time-Barred: Chhattisgarh HC

Income Tax : Chhattisgarh High Court upheld ITAT's finding that the reassessment order exceeded the limitation under Section 153 and dismissed ...

July 1, 2026 54 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 267 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 129 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 50994 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 930 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 738 Views 0 comment Print


Notification No. S.O.2923-Income Tax, Dated: 10.06.1988

June 10, 1988 451 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Satya Sai Central Trust, Brindavan, Bangalore, for the purpose of the said sub-clause for the assessment year 1988-89

Notification No. S.O.557(E)-Income Tax, Dated: 09.06.1988

June 9, 1988 526 Views 0 comment Print

This notification contains Amendment to Income-tax Rules carried out on 9-6-1988 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification No. S.O.558(E)-Income Tax, Dated: 09.06.1988

June 9, 1988 571 Views 0 comment Print

This notification contains Amendment to Income-tax Rules carried out on 9-6-1988 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification No. S.O.553(E)-Income Tax, Dated: 08.06.1988

June 8, 1988 655 Views 0 comment Print

In exercise of the powers conferred by sub-clause (ii) of clause (10AA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the period of earned leave at their credit at the time of their retirement whether on superannuation or otherwise, hereby specifies the amount mentioned in column (2) of the Table below as the limit in relation to employees mentioned in that sub-clause who retire, whether on superannuation or otherwise, within the period mentioned in the corresponding entry in column (3) of the said Table.

Notification No. S.O.2222-Income Tax, Dated: 02.06.1988

June 2, 1988 424 Views 0 comment Print

In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Sri Varasidhi Vinayagar Koil, Nungambakkam, Madras, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section on the condition that the temple will maintain separate books of account for this purpose and that the donations received will be utilised exclusively for the renovation of the temple.

Notification No. S.O.2919-Income Tax, Dated: 02.06.1988

June 2, 1988 388 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Gram Vikas Trust, Ahmedabad , for the purpose of the said sub-clause for the assessment years 1984-85 to 1988-89

Notification No. S.O.2920-Income Tax, Dated: 02.06.1988

June 2, 1988 316 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Swaminarayan Aksharpith, Shahibaug, Ahmedabad, for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89.

Notification No. S.O.2921-Income Tax, Dated: 02.06.1988

June 2, 1988 487 Views 0 comment Print

In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Theosophy Company (India) Private Ltd., Bombay for the purpose of the said sub-clause for the assessment year 1988-89.

Notification No. S.O.2221-Income Tax Dated 2/6/1988

June 2, 1988 459 Views 0 comment Print

Notification No. S.O.2221-Income Tax In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following temples to be places of historical importance and of public worship of renown throughout the States of Andhra Pradesh and Rajasthan respectively for the purposes of the said section

Circular No. 514-Income Tax dated 31-5-1988

May 31, 1988 513 Views 0 comment Print

Circular: No. 514-Income Tax I am directed to invite a reference to this Department’s Circular No. 488, dated 16-6-1987, wherein the rates at which the deduction of income-tax was to be made during the financial year 1987-88 from payment of income by way of insurance commission under section 194D of the Income-tax Act, 1961 were intimated to you.

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