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Latest Articles


Section 50C Cannot Create Income Under Section 56: Statutory Analysis

Income Tax : Analysis explains why Section 50C is a computation provision, discusses the First Proviso to Section 50C(1), and examines its stat...

July 9, 2026 69 Views 0 comment Print

10 Transactions Requiring Shift From ITR-1 to ITR-2 or ITR-3

Income Tax : Capital gains, business income, foreign assets, directorship and other transactions may make taxpayers ineligible to file ITR-1....

July 9, 2026 945 Views 0 comment Print

ITR Filing Due Dates for FY 2025-26 (AY 2026-27)

Income Tax : Know ITR due dates for FY 2025-26, belated and revised return deadlines, ITR-U timelines, late filing consequences and correspondi...

July 9, 2026 285 Views 0 comment Print

Red Alert: Capital Gains Tax on US-Listed RSU/ESOP Share Sales

Income Tax : Learn how to report RSU and ESOP share sales for AY 2026-27, including capital gains, Schedule FA, Schedule CG, advance tax and di...

July 9, 2026 138 Views 0 comment Print

ITR-1, ITR-2 or ITR-4: Choosing Correct Return Form for AY 2026-27

Income Tax : Know the eligibility, exclusions and key differences between ITR-1, ITR-2 and ITR-4 for AY 2026-27, including Section 139(9) and r...

July 9, 2026 87 Views 0 comment Print


Latest News


Request to Enable Section 270AA Immunity Applications for Misreporting Cases

Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...

July 8, 2026 354 Views 0 comment Print

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 321 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 6319 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 372 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 2253 Views 0 comment Print


Latest Judiciary


BSNL VRS Compensation Qualifies for Section 10(10B) Exemption: ITAT Panaji

Income Tax : ITAT Panaji held BSNL VRS-2019 compensation is retrenchment compensation exempt under Section 10(10B), set aside CIT(A) orders, an...

July 9, 2026 12 Views 0 comment Print

BSNL VRS Compensation Exempt Under Section 10(10B): ITAT Pune

Income Tax : ITAT Pune held BSNL VRS compensation exempt under Section 10(10B), condoned delay in filing appeals, and directed grant of refund ...

July 9, 2026 9 Views 0 comment Print

Delay in Appeal Condoned to Allow Section 10(10B) Exemption Claim: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad condoned delay in filing appeal and allowed Section 10(10B) exemption claim for BSNL VRS compensation, making the a...

July 9, 2026 9 Views 0 comment Print

Section 80G Deduction for Eligible CSR Donations Allowed; TP Adjustments Deleted: ITAT Delhi

Income Tax : ITAT Delhi deleted TP adjustments on export commission and model fee, allowed Section 80G claim principles, and granted relief on ...

July 9, 2026 30 Views 0 comment Print

CSR Donation Eligible for Section 80G Despite Section 37(1) Disallowance: Delhi ITAT

Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not prevent Section 80G deduction for eligible donat...

July 9, 2026 36 Views 0 comment Print


Latest Notifications


CBDT Authorises Upload of AEOI Information in Form 168 Under AIS

Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(...

July 9, 2026 267 Views 0 comment Print

CBDT Authorises Upload of AEOI Information in Form 26AS Under AIS

Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in AIS Form 26AS under sections 119, 90 and 90A, prescribing timelines a...

July 9, 2026 333 Views 0 comment Print

CBDT Clarifies Safe Harbour Rules for Rough Diamond Sales in Special Notified Zones

Income Tax : CBDT Circular 05/2026 clarifies safe harbour rules for foreign companies selling raw diamonds in Special Notified Zones, covering ...

July 9, 2026 99 Views 0 comment Print

No TDS on IFSC Aircraft Lease Rent Subject to Form 1(N): CBDT

Income Tax : CBDT Notification 74/2026 exempts TDS on eligible IFSC aircraft lease rent under section 393, subject to Form 1(N), effective from...

July 9, 2026 111 Views 0 comment Print

CBDT Notifies NCCL Core Settlement Guarantee Fund Under Section 11

Income Tax : CBDT notifies NCCL's Core Settlement Guarantee Fund under Section 11 and Schedule III of the Income-tax Act, 2025, subject to spec...

July 8, 2026 96 Views 0 comment Print


Notification No. T-V461(21)/64, Date of Issue: 05.02.1964

February 5, 1964 568 Views 0 comment Print

Notification: T-V461(21)/64 In pursuance of sub-section (5) of section 226, and section 229 of the Income-tax Act, 1961 (43 of 1961), section 33 of the Gift-tax Act, 1958 (18 of 1958), and section 19 of the Super Profits Tax Act, 1963 (14 of 1963), and of all other powers enabling him in this behalf and in supersession of all previous orders in so far as they

Notification No. S.O.511, Date of Issue: 04.02.1964

February 4, 1964 595 Views 0 comment Print

Notification: S.O.511 This notification contains Amendment to Income-tax Rules carried out on 4-2-1964 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.347, Date of Issue: 20.01.1964

January 20, 1964 612 Views 0 comment Print

Notification: S.O.347 Wool Research Association, Bombay – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,

Notification No. S.O.107 Date of Issue: 01.01.1964

January 1, 1964 658 Views 0 comment Print

Notification: S.O.107 Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :—This notification contains Amendment to Income-tax Rules carried out on 1-1-1964 not reproduced here as it is already contained in the body of the Rules itself

Notification No. S.O.3128, Date of Issue: 28.10.1963

October 28, 1963 618 Views 0 comment Print

Notification: S.O.3128 Study Group of Tetanus, K. E. M. Hospital, Bombay 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).

Notification No. S.O. 2953, Date of Issue: 09.10.1963

October 9, 1963 732 Views 0 comment Print

Notification: S.O.2953 In pursuance of sub-clause (ii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following Certificates for the purposes of that sub-clause, namely :

Notification No. S.O. 2869, Date of Issue: 05.10.1963

October 5, 1963 541 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Nachiar (Sri Andal) an

Notification No. S.O. 2806, Date of Issue: 17.09.1963

September 17, 1963 550 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Jambukeswarar and Sri Akhilandeswari

Circular No.1(15)-63/TPL – Income Tax dated 8/9/1963

September 8, 1963 3309 Views 0 comment Print

Circular No.1(15) – Income Tax The basic rates of income-tax and super tax for the assessment year 1963-64 continue to be exactly the same as for the assess­ment year 1962-63. So far as Union surcharge and the special surcharge on unearned income are concerned, the rates are the same as in the last year, subject to the following changes

Notification No. S.O. 3142 Date of Issue: 04.10.1962

October 4, 1962 627 Views 0 comment Print

Notification: S.O.3142 Section(s) Referred: 230 ,230(1) Statute: INCOME TAX Date of Issue: 4/10/1962 In exercise of the powers conferred by sub-section (1) of section 230 of the INCOME-TAX ACT, 1961 (43 of 1961), the Central Government hereby makes the following further amendment to the notification of the Government of India in the Ministry of Finance (Revenue Division) No. S.R.O. 961, dated the 25th May, 1953, namely : This notification contains amendments to Income-tax Act, carried out on 4th October, 1962, not reproduced here as it is already contained in the body of the act itself In exercise of the powers conferred by sub-section (1) of section 230 of the INCOME-TAX ACT, 1961 (43 of 1961), the Central Government hereby makes the following further amendment to the notification of the Government of India in the Ministry of Finance (Revenue Division) No. S.R.O. 961, dated the 25th May, 1953, namely : This notificatio

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