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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


One Mismatch Away from a Notice: How 3CD–ITR Gaps Trigger Scrutiny

Income Tax : Even genuine reporting differences between Form 3CD and the ITR can attract automated scrutiny. This article explains key reconcil...

June 22, 2026 3 Views 0 comment Print

Why 30 June Matters: Last Date for Section 143(2) Income Tax Scrutiny Notices

Income Tax : The article explains that 30 June is the Department's deadline to issue scrutiny notices for eligible returns, not a filing deadli...

June 22, 2026 3 Views 0 comment Print

Why You Shouldn’t Let AI File Your Income Tax Return Without Professional Review

Income Tax : AI can simplify tax work but cannot replace professional judgment in income tax filing. The article explains why human review rema...

June 22, 2026 3 Views 0 comment Print

Appellate Kill Shot to Reassessment Notices Under Section 148/148A

Income Tax : This article explains why reassessment proceedings may be invalid if the Assessing Officer merely relies on Investigation Wing rep...

June 20, 2026 648 Views 0 comment Print

Every Foreign Asset Is Not a Black Asset: Lessons from Two Recent Tribunal Rulings

Income Tax : The Jaipur Tribunal held that every foreign asset or remittance cannot be treated as undisclosed wealth under the Black Money Act....

June 20, 2026 1101 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 192 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 6175 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 282 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 1863 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 3948 Views 1 comment Print


Latest Judiciary


Section 263 Revision Quashed as AO Had Examined Section 80G Claim on CSR Expenses

Income Tax : The ITAT Mumbai held that revision under Section 263 was not justified where the Assessing Officer had examined and consciously al...

June 22, 2026 27 Views 0 comment Print

ESOP Discount Is Allowable Business Expenditure Despite Pending SLP: ITAT Mumbai

Income Tax : The ITAT Mumbai held that ESOP discount is an allowable deduction under Section 37(1), observing that the pendency of an SLP again...

June 22, 2026 30 Views 0 comment Print

Foreign Exchange Gain Is Operating Income as It Arises from Export of Services

Income Tax : The ITAT Delhi held that foreign exchange fluctuation gains arising from export of services must be treated as operating income fo...

June 22, 2026 42 Views 0 comment Print

Section 56(2)(viib) Addition Deleted as Shares Were Allotted to Existing Shareholders

Income Tax : The ITAT held that no addition under Section 56(2)(viib) was warranted where shares were allotted to existing shareholders and no ...

June 22, 2026 51 Views 0 comment Print

Pune ITAT Deletes ₹1.14 Crore Addition Based Solely on Hawala Operator’s Statement; Cross-Examination Denial Proves Fatal

Income Tax : The ITAT ruled that approval from the Principal Chief Commissioner/Chief Commissioner is mandatory for reopening assessments beyon...

June 22, 2026 39 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 49488 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 783 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 612 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 234 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 192 Views 0 comment Print


Notification No. S.O.4118 – Income Tax Dated 26/10/1983

October 26, 1983 399 Views 0 comment Print

Notification No- S.O.4118 – Income Tax 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 Gita Bhawan Trust Society (Regd.) Moga, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85

Notification No. S.O.4117 – Income Tax Dated 26/10/1983

October 26, 1983 444 Views 0 comment Print

Notification No- S.O.4117 – Income Tax 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 Shri Subramania Samaj, Bombay, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85

Notification No. S.O.4116 – Income Tax Dated 26/10/1983

October 26, 1983 486 Views 0 comment Print

Notification No- S.O.4116 – Income Tax 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 Jaffor Suleman Musafirkhana Trust, for the purpose of the said section for the period covered by the assessment years 1981-82 to 1983-84.

Notification No. S.O.4114 – Income Tax Dated 22/10/1983

October 22, 1983 450 Views 0 comment Print

Notification No- S.O.4114 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Association” in the area of other natural and applied

Notification No. S.O.4113 – Income Tax Dated 22/10/1983

October 22, 1983 432 Views 0 comment Print

Notification No- S.O.4113 – Income Tax In continuation of this office Notification No. 4457 (F. No. 203/191/81-ITA. II) dated 2-2-1982, 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) or section 35 of the Income-tax Act, 1961, read with rule 6 of

Notification No. S.O.4112 – Income Tax Dated 22/10/1983

October 22, 1983 474 Views 0 comment Print

Notification No- S.O.4112 – Income Tax In continuation of this office Notification No. 3795 (F. No. 203/6/80-ITA. II) dated 16-1-81, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of

Notification No. S.O.4111- Income Tax Dated 22/10/1983

October 22, 1983 504 Views 0 comment Print

Notification No- S.O.4111- Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Institution” in the area of other natural and applied

Notification No. S.O.4110 – Income Tax Dated 22/10/1983

October 22, 1983 423 Views 0 comment Print

Notification No- S.O.4110 – Income Tax In continuation of this Office Notification No. 4185 (F. No. 203/134/79-ITA. II) dated 20-8-81, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Association” in the area of other natural and applied sciences subject to the following conditions

Notification No. S.O.4109 – Income Tax Dated 17/10/1983

October 17, 1983 468 Views 0 comment Print

Notification No- S.O.4109 – Income Tax In continuation of this Office Notification No. 5005 (F. No. 203/214/82-ITA) dated 7-12-82, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of

Notification No. S.O.3995 Income Tax Dated 7/10/1983

October 7, 1983 453 Views 0 comment Print

Notification No- S.O.3995 Income Tax 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 The Association of the Physically Handicapped, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86

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