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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


Carry Forward and Set Off of Losses with FAQs

Income Tax : Learn how taxpayers can set off losses against taxable income and carry forward unadjusted losses under the Income-tax Act. The FA...

June 24, 2026 1569850 Views 129 comments Print

Clubbing of Income under Income Tax Act, 1961 with FAQs

Income Tax : Learn when the Income-tax Act requires another person's income to be included in your taxable income. The FAQs explain clubbing pr...

June 24, 2026 932905 Views 80 comments Print

FAQs on Income from house property

Income Tax : Learn how rental income is taxed, who is treated as the owner, and how deductions under Section 24 are computed. The guidance also...

June 24, 2026 556888 Views 67 comments Print

Taxability of Gift received by an individual or HUF with FAQs

Income Tax : Learn when monetary, immovable, and movable property gifts become taxable under the Income-tax Act. The FAQs explain exemptions, t...

June 24, 2026 401748 Views 61 comments Print

Cross-Border ESOPs in India: Unresolved Taxation Gap Silently Costing Mobile Professionals

Income Tax : The article highlights that Indian tax law lacks a statutory formula for allocating cross-border ESOP income, increasing the risk ...

June 24, 2026 75 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 219 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 6202 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 288 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 1887 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 3966 Views 1 comment Print


Latest Judiciary


Bangalore ITAT Deletes Demonetisation Additions; Confirmations from Debtors Not Mandatory When Sales Are Accepted

Income Tax : The ITAT ruled that failure to produce confirmations from debtors did not justify additions where sales, ledger accounts, and samp...

June 24, 2026 Views 0 comment Print

Bangalore ITAT Deletes Bonus Disallowance and Consequential Penalty; CIT(A) Faulted for Ignoring Additional Evidence

Income Tax : The ITAT ruled that bonus payments recorded in a separate bonus ledger, audit report, and profit and loss account could not be dis...

June 24, 2026 Views 0 comment Print

Bangalore ITAT Deletes Demonetisation Addition; Recorded Cash Receipts Cannot Be Treated as Unexplained Money

Income Tax : The ITAT Bangalore held that cash deposits recorded in audited books of account could not be treated as unexplained merely because...

June 24, 2026 21 Views 0 comment Print

Gross Receipts Cannot Be Taxed if Charitable Expenditure Was Undisputed: ITAT Delhi

Income Tax : The ITAT Delhi held that although failure to file Form 10B disentitled the assessee from claiming exemption under Sections 11 and ...

June 24, 2026 63 Views 0 comment Print

Bangalore ITAT Allows Full Exemption for BSNL VRS Compensation 

Income Tax : The Tribunal held that the ex gratia received under the BSNL Voluntary Retirement Scheme, 2019 qualified for exemption under Secti...

June 24, 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 49845 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 870 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 636 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 249 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 210 Views 0 comment Print


Notification: S.O.1336 Date of Issue: 15/4/1965

April 15, 1965 601 Views 0 comment Print

It is hereby notified for general information that the institution below has been approved by the Indian Council of Agricultural Research, the “prescribed authority”, for the purposes of clause (

Notification: S.O.1179 Date of Issue: 8/4/1965

April 8, 1965 451 Views 0 comment Print

In exercise of the powers conferred by sub-section (11) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Central Board of Direct Taxes as the authority for the purposes of that sub-section

Notification: S.O.1086 Date of Issue: 30/3/1965

March 30, 1965 601 Views 0 comment Print

Notification: S.O.1086 This notification contains Amendment to Income-tax Rules carried out on 30-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself

Notification: S.O.929 Date of Issue: 12/3/1965

March 12, 1965 475 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial No. 43 and the entries thereaganist from the Schedule annexed to its notification S. R. O. 1214 (No. 44-Income-tax) dated the 1st July, 1952

Notification: S.O.930 Date of Issue: 12/3/1965

March 12, 1965 421 Views 0 comment Print

In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby makes the following additions to the Schedule annexed to its Notification No. 1 (F. No. 55/233/63–IT) dated the 1

Notification: S.O.860 Date of Issue: 8/3/1965

March 8, 1965 568 Views 0 comment Print

Notification: S.O.860 This notification contains Amendment to Income-tax Rules carried out on 8-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

Notification: S.O.654 Date of Issue: 16/2/1965

February 16, 1965 499 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S.O. 169, dated 4th January, 1965, published in the Gazette of India. This notification contains corrigendum to Income-tax Act carried out on 16th February, 1995 not reproduced here as it is already contained in the body of the act itself

Notification: S.O.605 Date of Issue: 15/2/1965

February 15, 1965 454 Views 0 comment Print

Notification: S.O.605 RESEARCH INSTITUTE OF ANCIENT SCIENTIFIC STUDIES, NEW DELHI It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research

Notification: S.O.591 Date of Issue: 15/2/1965

February 15, 1965 508 Views 0 comment Print

Notification: S.O.591 This notification contains amendments to Income-tax Rules carried out on 15th February, 1965 not reproduced here as it is already contained in the body of the rules itself

Notification: S.O.476 Date of Issue: 3/2/1965

February 3, 1965 565 Views 0 comment Print

Notification: S.O.476 INDIAN ACADEMY OF MEDICAL SCIENCES, NEW DELHI has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

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