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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


Latest Changes in ITR-1, ITR-2 & ITR-4 for A.Y. 2026-27

Income Tax : The revised ITR forms for AY 2026-27 introduce new tax slabs, expanded ITR eligibility, and enhanced disclosure requirements. Unde...

June 13, 2026 585 Views 0 comment Print

Daily Backup Dilemma: Decoding “Electronic Mode” vs. “Computer System” under Income Tax Act 2025.

Income Tax : The article argues that the daily backup requirement under Rule 46(8) applies only to books maintained in electronic mode, not mer...

June 13, 2026 4329 Views 0 comment Print

Restricted Stock Units Taxation in India: Foreign Tax Credit, Form 67 & Reporting

Income Tax : Judicial authorities have held that Foreign Tax Credit is a substantive right and cannot be denied merely due to procedural delays...

June 13, 2026 390 Views 0 comment Print

Tax Treatment of Cash Credit U/s. 68, 69, 69A, 69B, 69C and 69D

Income Tax : This guide explains how unexplained cash credits under Section 68 and related provisions can attract steep taxation under Section ...

June 13, 2026 193860 Views 1 comment Print

Minimum Alternate Tax (MAT) & Alternate Minimum Tax (AMT)

Income Tax : The document outlines how MAT and AMT ensure that companies and eligible non-corporate taxpayers pay a minimum level of income tax...

June 13, 2026 107195 Views 5 comments Print


Latest News


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 6094 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 249 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 1698 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 3804 Views 1 comment Print

Representation for timely release of e-filing utilities for ITR for AY 2026-27

Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...

May 13, 2026 3978 Views 0 comment Print


Latest Judiciary


Bogus LTCG Addition Sustained as Tribunal Finds Evidence of Fabricated Share Purchase Records

Income Tax : The Delhi ITAT sustained the addition arising from the sale of listed shares after finding discrepancies in purchase records, incl...

June 14, 2026 141 Views 0 comment Print

ITAT Lucknow Allows Set-Off of Spouse’s F&O Losses Arising From Gifted Funds

Income Tax : ITAT Lucknow held that derivative losses incurred by a spouse using funds gifted by the assessee can be clubbed and set off under ...

June 14, 2026 567 Views 0 comment Print

JAO Lacked Jurisdiction to Issue Section 148 Notice: Rajasthan HC

Income Tax : While recognising that earlier judgments had invalidated JAO-issued notices, the Court avoided passing orders that would make the ...

June 14, 2026 222 Views 0 comment Print

ITAT Directs GP-Based Addition as Jewellery Purchases Formed Part of Sales & Closing Stock

Income Tax : The Delhi ITAT held that where purchases are reflected in accepted sales and closing stock, the entire purchase amount cannot be d...

June 14, 2026 117 Views 0 comment Print

Faceless Reassessment Amounting to Best Judgment Assessment Can Be Remitted by CIT(A)

Income Tax : The Delhi ITAT held that repeated non-compliance with statutory notices transformed the reassessment into a best judgment assessme...

June 14, 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 47550 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 645 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 522 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 195 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 159 Views 0 comment Print


Notification No. S.O.1290-Income Tax, Dated: 28.02.1980

February 28, 1980 379 Views 0 comment Print

That the institute will furnish annual returns of its scientific research activities to the Council for each year 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.1292-Income Tax, Dated: 28.02.1980

February 28, 1980 469 Views 0 comment Print

That the institution will furnish annual returns of its scientific research activities to the Council for each year 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.1291-Income Tax, Dated: 28.02.1980

February 28, 1980 373 Views 0 comment Print

That the society will furnish a copy of the annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.1293-Income Tax, Dated: 28.02.1980

February 28, 1980 409 Views 0 comment Print

That the institution will furnish a copy of the annual audited statement of accounts to the Council for each year by 31st May, each year, and in addition send a copy of it to the concerned Income-tax Commissioner.

Notification No. S.O.723-Income Tax, Dated: 28.02.1980

February 28, 1980 472 Views 0 comment Print

In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Pratab Spinning, Weaving and Manufacturing Company Limited, Amalner, for the purpose of the said sub-clause.

Notification No. S.O.728-Income Tax, Dated: 25.02.1980

February 25, 1980 355 Views 0 comment Print

In exercise of the powers conferred by sub-section (5) of section 252 of the Income-tax Act, 1961, the President, Income-tax Appellate Tribunal, hereby delegates further powers to the Vice President, as under, with effect from 1-3-1980.

Notification No. S.O.520-Income Tax, Dated: 19.02.1980

February 19, 1980 439 Views 0 comment Print

Nothing contained in this notification shall apply to a case where the income from debentures, together with the income from salary, exceeds the minimum taxable limit.

Notification No. S.O.1288-Income Tax, Dated: 19.02.1980

February 19, 1980 442 Views 0 comment Print

That the institute will maintain a separate account of the sums received by it for scientific research in the field of medical research.

Notification No. S.O.917-Income Tax, Dated: 14.02.1980

February 14, 1980 706 Views 0 comment Print

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 Venkatesa Perumal Koil and Sri Kailasanathaswami Koil, Varagur-613101, Thanjavur District, Tamil Nadu, to be places of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.

Circular No. 264-Income Tax dated 11-2-1980

February 11, 1980 606 Views 0 comment Print

Circular No. 264-Income Tax This Ministry has had an occasion to consider the question of the deduction of tax at source under section 194B from prizes awarded to lottery agents in what are popularly known as “lucky dip draws”.

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