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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


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 141 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 18164 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 339 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 43510 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 454301 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 1986 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 4035 Views 1 comment Print


Latest Judiciary


Gujarat HC Quashes Section 148 Notice as Adjournment Request Was Ignored

Income Tax : Gujarat HC quashed the reassessment proceedings after holding that ignoring the assessee's adjournment request violated natural ju...

July 1, 2026 48 Views 0 comment Print

New Tax Regime Benefit Allowed as Form 10IE Once Filed Continues for Subsequent Years

Income Tax : ITAT held that once Form 10IE is validly exercised and not withdrawn, it continues for later years. AO was directed to grant Secti...

July 1, 2026 54 Views 0 comment Print

Site Restoration Deduction Allowed due to PSC contractual obligation

Income Tax : Madras HC upheld deduction for site restoration expenses, holding the contractual obligation under the PSC is allowable under Sect...

July 1, 2026 45 Views 0 comment Print

No Section 270A Penalty as Education Cess Claim Was Based on Prevailing Judicial Precedents

Income Tax : ITAT Mumbai held that a deduction claim supported by prevailing judicial precedents cannot attract Section 270A penalty merely bec...

July 1, 2026 48 Views 0 comment Print

Section 68 Addition Deleted as Assessee Proved Identity, Creditworthiness & Genuineness

Income Tax : ITAT deleted the Section 68 addition after holding that the assessee fully established the lender, source of funds and genuineness...

July 1, 2026 60 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 270 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 51009 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.3528-Income Tax, Dated: 15.10.1987

October 15, 1987 358 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Diocese of Calcutta (Church of North India) for the purpose of the said clause for the assessment years 1985-86 to 1988-89.

Notification No. S.O.108-Income Tax, Dated: 13.10.1987

October 13, 1987 472 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Joint Plant Committee for the purpose of the said clause for the assessment year 1988-89.

Notification No. S.O.109-Income Tax, Dated: 13.10.1987

October 13, 1987 487 Views 0 comment Print

In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Seafarers’ Welfare Fund Society Bombay for the purpose of the said clause for the assessment years 1987-88 to 1988-89.

Notification No. S.O.182-Income Tax, Dated: 13.10.1987

October 13, 1987 349 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sree Narayana Dharma Sangham Trust, Varkala, Kerala for the purpose of the said clause for the assessment years 1984-85 to 1988-89.

Notification No. S.O.3523-Income Tax, Dated: 13.10.1987

October 13, 1987 322 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Hazarat Pir Mohammed Shah Durga Sharif Trust for the purpose of the said clause for the assessment year 1988-89.

Notification No. S.O.3524-Income Tax, Dated: 13.10.1987

October 13, 1987 295 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies His Holiness The Dalai Lama’s Charitable Trust for the purpose of the said clause for the assessment years 1987-88 and 1988-89.

Notification No. S.O.3525-Income Tax, Dated: 13.10.1987

October 13, 1987 337 Views 0 comment Print

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Dakshineswar Ramkrishna Sangha Dakshineswar, Calcutta for the purpose of the said clause for the assessment year 1988-89.

Notification No. S.O.3326-Income Tax, Dated: 12.10.1987

October 12, 1987 343 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

Notification No.S.O.894(E) – Income Tax Dated 8/10/1987

October 8, 1987 492 Views 0 comment Print

Notification No.S.O.894(E) – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Notification: S.O.3168-Income Tax, Dated: 08.10.1987

October 8, 1987 367 Views 0 comment Print

That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, three months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.

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