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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


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 1272 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 11754 Views 0 comment Print

Can Capital Gains Exemption Be Claimed If House Is Bought in Spouse’s/Family Members Name?

Income Tax : This article examines conflicting judicial views on whether capital gains exemption is available when a new residential house is p...

June 18, 2026 510 Views 0 comment Print

Section 43B(h): MSME Payment Clause Every Business Must Understand

Income Tax : This guide explains how Section 43B(h) defers tax deductions where payments to Micro and Small Enterprises remain unpaid beyond th...

June 18, 2026 291 Views 0 comment Print

Income Tax Department: Double Standards

Income Tax : The case highlights denial of TDS credit after an incorrect TAN was reported in the income tax return, even though the correct TDS...

June 18, 2026 243 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 90 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 6148 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 1824 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


Belated Return Filed in Response to Section 148 Cannot Revive Section 80P Deduction: Bangalore ITAT

Income Tax : The Tribunal ruled that filing a return in response to Section 148 does not cure the failure to file the original return within th...

June 19, 2026 21 Views 0 comment Print

Section 154 Cannot Be Used to Make Fresh Disallowance of Asset Write-Off Claim: Bangalore ITAT

Income Tax : ITAT Bangalore held that Section 154 cannot be invoked to make a fresh disallowance of an asset write-off claim that was never exa...

June 19, 2026 39 Views 0 comment Print

Second Form 10AB Application Maintainable; CIT(E) Cannot Reject Registration Solely Because Earlier Rejection Was Not Challenged

Income Tax : ITAT Bangalore held that the Income-tax Act does not prohibit a charitable trust from filing a second application for registration...

June 19, 2026 60 Views 0 comment Print

ITAT Quashes Two Reassessments: Time-Barred Assessment and Second Section 148 Notice During Pendency of Earlier Reassessment Held Invalid

Income Tax : ITAT ruled that the reassessment order passed under Section 147 was unsustainable as it exceeded the limitation period prescribed ...

June 19, 2026 54 Views 0 comment Print

Bona Fide Claim Under Newly Introduced Section 71(3A) Saves Assessee from Penalty Under Section 270A

Income Tax : ITAT Bangalore deleted the penalty under Section 270A after holding that the assessee's incorrect claim arose from a bona fide mis...

June 19, 2026 60 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 49110 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.1414-Income Tax Dated: 11/3/1982

March 11, 1982 522 Views 0 comment Print

Notification No. S.O.1414-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 Sitaram Bhander for the purpose of the said section for and from the assessment years 1978-79 to 1981-82.

Notification S.O.1641-Income Tax Dated: 9/3/1982

March 9, 1982 375 Views 0 comment Print

Notification S.O.1641-Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, by the Indian Council of Medical Research, New Delhi.

Circular No. 330-Income Tax dated 06-03-1982

March 6, 1982 768 Views 0 comment Print

Circular No. 330-Income Tax Clause 2(a ) of the Memorandum of Association of the Indian Air Force Benevolent Association makes the following as one of the objects of the Association

Notification No. S.O.1519-Income Tax Dated: 2/3/1982

March 2, 1982 279 Views 0 comment Print

Notification No. S.O.1519-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 Hajrat Pirmohmed Shah Darga Sharif 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.1413-Income Tax Dated: 2/3/1982

March 2, 1982 483 Views 0 comment Print

Notification No. S.O.1413-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 Diocese of Thanjavur Society for the purpose of the said section for the period covered by the assessment years 1979-80 to 1981-82.

Notification No. S.O.1412Income Tax Dated: 2/3/1982

March 2, 1982 411 Views 0 comment Print

Notification No. S.O.1412Income 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 Shree Sammed Shikherjee Thirth, Parasnath, for the purpose of the said section for the period covered by the assessment years 1975-76 to 1980-81.

Notification No. S.O.1411-Income Tax Dated: 2/3/1982

March 2, 1982 444 Views 0 comment Print

Notification No. S.O.1411-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 Milagres Church, Mangalore, for the purpose of the said section for the period covered by the assessment years 1971-72 to 1981-82.

Notification No. S.O.104(E)-Income Tax Dated: 27/2/1982

February 27, 1982 435 Views 0 comment Print

Notification No. S.O.104(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 No. S.O.1640-Income Tax Dated: 25/2/1982

February 25, 1982 444 Views 0 comment Print

Notification No. S.O.1640-Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.

Circular No. 329-Income Tax dated 22-2-1982

February 22, 1982 510 Views 0 comment Print

Circular : No. 329-Income Tax A reference was made to the Board as to whether undertakings engaged in extraction of timber and other forest produce by leasing out forests would be entitled to deductions under sections 80HH and 80J.

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