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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


Complete Income Tax Rate Guide for AY 2026-27 After Finance Act 2026

Income Tax : This guide explains the income-tax rates applicable to individuals, HUFs, companies, firms, co-operative societies, and other taxp...

July 1, 2026 Views 0 comment Print

Rates of Depreciation as Per Income Tax Act, 1961

Income Tax : This guide compiles the depreciation rates applicable to buildings, machinery, vehicles, computers, renewable energy assets, ships...

July 1, 2026 2842159 Views 148 comments Print

Income Tax Benefits for Individuals & HUFs for A.Y. 2026-27 (FY 2025-26)

Income Tax : This comprehensive guide summarizes all major tax exemptions, deductions, rebates, TDS reliefs, and procedural benefits available ...

July 1, 2026 333181 Views 32 comments Print

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 186 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 18188 Views 1 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 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 6265 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 1992 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


MMR Cannot Be Applied Through Rectification as Issue Required Detailed Examination

Income Tax : ITAT held that Section 154 cannot be used where applicability of Section 167B requires factual examination, making the issue debat...

July 1, 2026 Views 0 comment Print

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 75 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 66 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 51 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 66 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 273 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 51036 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


Circular No. 452-Income Tax dated 17-3-1986

March 17, 1986 14883 Views 0 comment Print

Circular : No. 452-Income Tax Section 44AB, as inserted by the Finance Act, 1984, casts an obligation on every person carrying on business to get his accounts audited, if his total sales, turnover or gross receipts, as the case may be, exceed Rs. 40 lakhs in any previous year relevant to the assessment year commencing on 1-4-1985 or any subsequent assessment year.

Notification No. S.O.2235-Income Tax Dated 17/3/1986

March 17, 1986 564 Views 0 comment Print

Notification No. S.O.2235-Income Tax 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 Cawasjee Jehangir Charitable Trust, Bombay” for the purpose of the said section for the period covered by the assessment years 1984-85 to 1986-87.

Notification No. S.O.2234-Income Tax Dated 17/3/1986

March 17, 1986 543 Views 0 comment Print

Notification No. S.O.2234-Income Tax 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 makes the following amendment in its notification No. 6182, dated 2-4-1985. This notification contains Corrigendum to Income-tax Act, 1961 carried out on March 17, 1986 not reproduced here as it is already contained in the body of the Act itself

Notification No. S.O.2023-Income Tax Dated 17/3/1986

March 17, 1986 552 Views 0 comment Print

Notification No. S.O.2023-Income Tax In continuation of this office notification No. 5736 (F. No. 203/245/82-ITA. II) dated 31-3-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Scientific & Industrial Research, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 (Thirty-five/One/Three) of the

Notification No. S.O.2167-Income Tax Dated 11/3/1986

March 11, 1986 525 Views 0 comment Print

Notification No. S.O.2167-Income Tax It is hereby notified for general information that perpetual approval granted under section 35(1)(ii) of the Income-tax Act, 1961, to the Institute of the History of Medicine and Medical Research, New Delhi, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 567 (F. No. 203/6/74-ITA. II) dated 23-2-1974, is hereby superseded by limited approval valid up to

Notification No. S.O.2022-Income Tax Date 11/3/1986

March 11, 1986 549 Views 0 comment Print

Notification No. S.O.2022-Income Tax It is hereby notified for general information that the approval granted under section 10(2)(xviii) of the Indian Income-tax Act, 1922, to the National Council of Applied Economic Research, New Delhi, vide Ministry of Finance Notification No. 2742, dated 19-11-1956, is hereby superseded and converted into time-bound approval under section 35(1)(iii) of the Income-tax Act, 1961.

Notification No. S.O.2021-Income Tax Dated 11/3/1986

March 11, 1986 429 Views 0 comment Print

Notification No. S.O.2021-Income Tax It is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/One/Two) of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Institution” subject to the following conditions

Notification No. S.O.1952-Income Tax Dated 11/3/1986

March 11, 1986 459 Views 0 comment Print

Notification No. S.O.1952-Income Tax

Notification No. S.O.2020-Income Tax Dated 10/3/1986

March 10, 1986 402 Views 0 comment Print

Notification No. S.O.2020-Income Tax In continuation of this office notification No. 5914 (F. No. 203/35/84-ITA. II) dated 26-7-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Scientific & Industrial Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/One/Two) of the

Notification No. S.O.2019-Income Tax Dated 3/3/1986

March 3, 1986 650 Views 0 comment Print

Notification No. S.O.2019-Income Tax It is hereby notified for general information that the institution mentioned below and in programmes given hereunder have been approved by the Secretary, Department of Environment, Government of India, New Delhi, being the prescribed authority under rule 6AAC of the Income-tax Rules, 1962, for the purposes of section 35CCB of the Income-tax Act, 1961.

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