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Latest Articles


New Tax Audit Form 26 Expands Stock Reporting Requirements in 2026-27

Income Tax : Tax Audit Form 26 now requires reporting of both quantity and value of principal stock, purchases, and sales. The key takeaway is ...

June 19, 2026 186 Views 0 comment Print

Applicability of Section 332(1) of Income Tax Act, 2025 for Educational Institutions Covered by Schedule VII Sl. No. 19

Income Tax : This article examines whether educational institutions with receipts up to Rs. 5 crore must obtain RNPO registration to claim exem...

June 19, 2026 75 Views 0 comment Print

Redeemed My ELSS Fund After 3 Years – Is Gain Taxable & How Much?

Income Tax : This article explains why ELSS redemption gains are taxable despite offering tax deductions at the time of investment. It highligh...

June 19, 2026 81 Views 0 comment Print

I Sold Listed Shares & Made INR 3 Lakh Profit – How Is LTCG Taxed Now?

Income Tax : Learn how the increased Rs. 1.25 lakh exemption and 12.5% LTCG tax rate apply to listed shares and equity mutual funds. The guide ...

June 19, 2026 2088 Views 0 comment Print

FAQs on Income Tax e-Verification Scheme 2021

Income Tax : The Income Tax Department explains how the e-Verification Scheme addresses mismatches between reported financial transactions and ...

June 19, 2026 11889 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 123 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 6151 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 276 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 1833 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 3900 Views 1 comment Print


Latest Judiciary


ITAT Deletes Section 68 Addition as Accepted Cash Sales Cannot Be Treated as Unexplained

Income Tax : ITAT Delhi held that cash deposits arising from recorded and accepted cash sales cannot be added as unexplained cash credits under...

June 19, 2026 93 Views 0 comment Print

ITAT Deletes Transfer Pricing Adjustment as CCDs Are Not Call Options

Income Tax : ITAT Mumbai held that Compulsorily Convertible Debentures cannot be equated with call options and that no option premium arose fro...

June 19, 2026 78 Views 0 comment Print

ITAT Holds Interest on CCDs Allowable as RBI’s FDI Classification Cannot Govern Income Tax

Income Tax : ITAT Bangalore held that RBI's classification of compulsorily convertible debentures as equity for FDI purposes cannot determine t...

June 19, 2026 66 Views 0 comment Print

ITAT Remands Support Service Fee Disallowance as CIT(A) Ignored Documentary Evidence

Income Tax : ITAT Delhi held that no disallowance under Rule 8D(2)(ii) could be made where investments yielding exempt income were financed fro...

June 19, 2026 84 Views 0 comment Print

ITAT Deletes CCD Interest Disallowance as Debentures Remain Debt Until Conversion

Income Tax : ITAT Mumbai held that Compulsorily Convertible Debentures retain their character as debt until conversion into equity. It deleted ...

June 19, 2026 69 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 49158 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 753 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 591 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 228 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 183 Views 0 comment Print


Circular No. 350-Income Tax dated 29-9-1982

September 29, 1982 957 Views 0 comment Print

Circular No. 350-Income Tax In cases where the Central Government issues under section 72A(1), a declaration that the amalgamation of a company (which was not financially viable by reason of its liabilities, losses, etc.) with another company has been in the public interest, the accumulated losses and the unabsorbed depreciation of the amalgamating company

Notification No. S.O.4175-Income Tax Dated: 22/9/1982

September 22, 1982 361 Views 0 comment Print

Notification No. S.O.4175-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Kasiviswanathaswamy Thirukoil, Tenkasi, Tirunelveli Distt. (Tamil Nadu) to be a place of public worship of renown throughout the State of Tamil Nadu.

Notification No. S.O.4174-Income Tax Dated: 22/9/1982

September 22, 1982 400 Views 0 comment Print

Notification No. S.O.4174-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Lakshmi Venkateswaraswamy Temple, Devuni, Cuddapah, to be a place of public worship of renown throughout the State of Andhra Pradesh.

Notification No. S.O.4173-Income Tax Dated: 21/9/1982

September 21, 1982 553 Views 0 comment Print

Notification No. S.O.4173-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Martand Deo Sansthan, Jejuri, to be a place of public worship of renown throughout the State of Maharashtra.

Notification No. S.O.3994-Income Tax Dated: 21/9/1982

September 21, 1982 469 Views 0 comment Print

Notification No. S.O.3994-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 Anandpur Trust for the purpose of the said section for the period covered by the assessment years 1981-82 and 1982-83.

Notification S.O.3993-Income Tax Dated: 21/9/1982

September 21, 1982 541 Views 0 comment Print

Notification S.O.3993-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 Sri Vedantha Desikar Devasthanam, Mylapore, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.

Notification No. S.O.653(E)-Income Tax Dated: 8/9/1982

September 8, 1982 715 Views 0 comment Print

Notification No. S.O.653(E)-Income Tax In exercise of the powers conferred by clause (4B) of section 10 of the Income-tax Act, 1961 (43 of 1961), clause (xvi-c) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 (27 of 1957), and clause (ii-d) of sub-section (1) of section 5 of the Gift-tax Act, 1958 (18 of 1958), the Central Government hereby specifies the National Savings Certificates VI and VII Issues as the savings

Notification No. S.O.4294-Income Tax Dated: 6/9/1982

September 6, 1982 342 Views 0 comment Print

Notification No. S.O.4294-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 Kerala Gandhi Smarak Nidhi for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.

Notification No. S.O.4293-Income Tax Dated: 2/9/1982

September 2, 1982 327 Views 0 comment Print

Notification No. S.O.4293-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 Hindusthan Charity Trust, 1959, for the purpose of the said section for the period covered by the assessment years 1981-82 and 1982-83.

Notification No. S.O.4292-Income Tax Dated: 2/9/1982

September 2, 1982 381 Views 0 comment Print

Notification No. S.O.4292-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 Indian Council of Child Welfare for the purposes of the said section for the period covered by the assessment year 1982-83.

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