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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 48 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 36 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 36 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 1770 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 11829 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 120 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 1830 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 3897 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 51 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 51 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 45 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 51 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 45 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 49125 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 747 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


Notification No. S.O.2494-Income Tax Dated: 19/4/1982

April 19, 1982 372 Views 0 comment Print

Notification No. S.O.2494-Income Tax (i) That the Hospital will maintain a separate account of the sums received by it for medical research. (ii) That the Hospital will furnish annual returns of its scientific research activities to the Council by 31st May, each year, at the latest in such form as may be laid down and intimated to them for this purpose.

Notification No. S.O.2469-Income Tax Dated: 19/4/1982

April 19, 1982 429 Views 0 comment Print

Notification No. S.O.2469-Income Tax (i) That the Association will maintain a separate account of the sums received by it for medical research. (ii) That the Association will furnish annual returns of its scientific research activities to the Council by 31st May, each year at the latest in such form as may be laid down and intimated to them for this prupose.

Circular No. 335-Income Tax dated 13-4-1982

April 13, 1982 651 Views 0 comment Print

Circular : No. 335-Income Tax Section 11(1)(a ) provides for grant of exemption from income-tax to income derived from property held under trust for charitable or religious purposes to the extent the income is applied for such purposes in India.

Notification No. S.O.1896-Income Tax Dated: 13/4/1982

April 13, 1982 444 Views 0 comment Print

Notification No. S.O.1896-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 The Juma Masjid of Bombay Trust for the purpose of the said section for the period covered by the assessment years 1978-79 to 1981-82.

Notification No. S.O.1895-Income Tax Dated: 13/4/1982

April 13, 1982 480 Views 0 comment Print

Notification No. S.O.1895-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 Salem Diocese Society for the purpose of the said section for the period covered by the assessment years 1981-82 to 1982-83.

Notification No. S.O.1820-Income Tax Dated: 13/4/1982

April 13, 1982 375 Views 0 comment Print

Notification No. S.O.1820-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 Indo-German Social Service Society for the purpose of the said section for the period covered by the assessment years 1979-80 to 1982-83.

Notification No. S.O.1819-Income Tax Dated: 13/4/1982

April 13, 1982 441 Views 0 comment Print

Notification No. S.O.1819-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 Bhai Vir Singh Sahitya Sadan for the purpose of the said section for the period covered by the assessment year 1982-83.

Notification No. S.O.1818-Income Tax Dated: 13/4/1982

April 13, 1982 324 Views 0 comment Print

Notification No. S.O.1818-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 Arya Vaidya Sala, Kottakkal, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1982-83.

Notification No. S.O.1817-Income Tax Dated: 13/4/1982

April 13, 1982 420 Views 0 comment Print

Notification No. S.O.1817-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 for Research on International Economic Relations for the purpose of the said section for the period covered by the assessment year 1982-83.

Notification No. S.O.1816-Income Tax Dated: 13/4/1982

April 13, 1982 396 Views 0 comment Print

Notification No. S.O.1816-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 Sri Kanyakumari Gurukula Ashram for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.

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