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Income Tax Act

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 827 items in 17 pages
1Short title, extent and commencement
2Definitions
3Previous year defined
4Charge of income-tax
5Scope of total income
5A Apportionment of income between spouses governed by Portuguese Civil Code
6Residence in India
7Income deemed to be received
8Dividend income
9Income deemed to accrue or arise in India
10Incomes not included in total income
10A Special provision in respect of newly established undertakings in free trade zone, etc
10AA Special provisions in respect of newly established Units in Special Economic Zones
10B Special provisions in respect of newly established hundred per cent export-oriented undertakings
10BA Special provisions in respect of export of certain articles or things
10BB Meaning of computer programmes in certain cases
10C Special provision in respect of certain industrial undertakings in North-Eastern Region
11Income from property held for charitable or religious purposes
12Income of trusts or institutions from contributions
12A Conditions for applicability of sections 11 and 12
12AA Procedure for registration
13Section 11 not to apply in certain cases
13A Special provision relating to incomes of political parties
13B Special provisions relating to voluntary contributions received by electoral trust
14Heads of income
14A Expenditure incurred in relation to income not includible in total income
15Salaries
16Deductions from salaries
17“Salary”, “perquisite” and “profits in lieu of salary” defined
18[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
22Income from house property
23Annual value how determined
24Deductions from income from house property
25Amounts not deductible from income from house property
25A Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25AA Unrealised rent received subsequently to be charged to income-tax
25B Special provision for arrears of rent received
26Property owned by co-owners
27“Owner of house property”, “annual charge”, etc., defined
28Profits and gains of business or profession
29Income from profits and gains of business or profession, how computed
30Rent, rates, taxes, repairs and insurance for buildings
31Repairs and insurance of machinery, plant and furniture
32Depreciation
32A Investment allowance
32AB Investment deposit account
32AC Investment in new plant or machinery
33Development rebate
33A Development allowance
33AB Tea development account ,coffee development account and rubber development account

News, Due Date Reminder and Location Map

News

03 Apr 26
New Tax Payment Challans Go Live on Income Tax Portal from 1st April 2026 Under IT Act 2025
Gujarat HC Quashes GST Appeal Rejection Over Non-Appearance
Bombay HC Quashes Extended GST ITC Blocking, Says One-Year Limit Under Rule 86A Is Mandatory
CBDT Introduces New Tax Payment Challans on Portal Effective April 1, 2026
Gauhati HC: GST Cancellation Proceedings Must Be Dropped if Returns Filed and Dues Paid
02 Apr 26
New PAN Correction Rules 2026: CBDT Introduces Forms PAN CR-01 & CR-02
Gujarat HC: Cross-State GST ITC Transfer Allowed in Case of Amalgamation
ICAI Announces One-Time Window (Apr 1–30) to Generate Missed UDINs for Past Documents
Uttarakhand HC Dismisses Petition Against GST Order; Pre-Deposit for Appeal Can’t Be Bypassed
March 2026 GST Revenue Collection Rises 8.2% to ?1.78 Lakh Crore
01 Apr 26
Delhi HC Quashes GST Notice as Invalid Where ITC Was Reversed Before SCN
Karnataka HC Quashes GST Order Over ITC Mismatch Between GSTR-3B and GSTR-2A
How to Prepare Fixed Assets Data Using ROC Software
30 Mar 26
CBDT Issues New UIN Procedure for Form 121 Declarations from 1st April 2026 Under IT Act 2025
New Duty Deferment Scheme: CBIC Outreach Highlights Benefits for MSMEs
New GDP Series 2022-23 Uses 300+ Data Sources, Says FM Sitharaman
CBDT Extends TDS Certificate Deadline for Dec 2025 Quarter to 31st March 2026
29 Mar 26
Jurisdiction Error Can’t Deny Justice: Orissa HC Grants Relief to LIC in GST Case
CBDT Notification 01/CPC(TDS)/2026: New UIN Framework for Form 121 (Income Tax Act, 2025)
Chhattisgarh HC Allows Relief in GST Recovery Case, Directs Taxpayer to Follow CBIC Circular
28 Mar 26
Major Tax Relief: Taxpayers Can Now Revise ITR Despite Ongoing Reassessment
Jurisdiction Error Can’t Deny Justice: Orissa HC Grants Relief to LIC in GST Case
Gauhati HC: GST Registration Can Be Restored Despite Section 29(2)(c) Default if Returns and Dues Are Cleared
26 Mar 26
Big Relief for Taxpayers: FM Sitharaman Allows ITR Updates Even After Reassessment Proceedings
Lok Sabha Passes Finance Bill 2026 with 32 Amendments
CBDT Rolls Out Reckoner Tool for Tax Compliance, Tutorials and Awareness
ROC Pune Imposes Penalty on Steam Equipments Ltd. for Incorrect AGM Date in E-Filing
How GST Software Helps in GSTR 3B Tax Liability Breakup
25 Mar 26
CBDT Launches `Reckoner` Tool to Simplify Income Tax Provisions for Taxpayers
CBDT Issues Circular 01/2026 on Delay Relief for Trust Registration via Form 10A
ROC Chandigarh Imposes ?50,000 Penalty for Holding Multiple DINs
How ROC Software Helps File LLP Returns Fast & Stress-Free
24 Mar 26
No Deadline Extension! Income Tax Dept. Warns on TDS and TCS Corrections Date
Meghalaya HC: GST Notice via Portal Alone Invalid After Registration Cancellation
Karnataka HC: Spouse Cannot Access Partner’s ITRs Under RTI Act, Citing Personal Information Exemption
Corporate Laws (Amendment) Bill 2026 Introduced in Lok Sabha
PM Modi Addresses Lok Sabha on West Asia Conflict, Highlights India`s Economic & Security Concerns
RBI & NABARD Strengthen Cooperative Bank Governance with New Safeguards
23 Mar 26
CBDT Releases FAQs on Transition to Income Tax Act 2025 Effective 1st April 2026
CBDT Issues FAQs & Guidance Notes on New ITR Forms Under Income Tax Rules, 2026
Income Tax Department Launches Utility to Compare IT Act, 1961 with IT Act, 2025
Income Tax Department Offers Popular Tax Tools: IT, TDS & TCS Calculators
22 Mar 26
CBIC Issues SOP for Tax Officers on HSNS Cess Implementation from 1st Feb 2026
Government Launches RELIEF Scheme to Support Exporters Amid West Asia Logistics Crisis
CBDT Directs IT Offices to Stay Open on 31st March 2026 for Financial Year-End Work
FM Sitharaman Urges Income Tax Officers to Ensure Smooth Rollout of Income Tax Act 2025
21 Mar 26
Karnataka HC: GST Rate Benefits Under NN 41/2017 Not Available If Goods Supply to Third-Party Manufacturer
Kerala Govt Sets June 30, 2026 Deadline for GST Appeals in Cases Communicated by March 31, 2026
Kerala HC Quashes Multi-Year GST SCN; Calls for Separate Notices & Fair Hearing
20 Mar 26
Net Direct Tax Collections Rise 7.19% to Rs 22.8 Lakh Crore in FY26
Finance Ministry Revises Monetary Threshold in FEMA Enforcement Cases: Key Changes Notified
Gujarat HC: GST ITC as a Transferable Business Asset Can’t Be Denied Due to State-Wise Registrations
GST Advisory 653: Confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B
Bajaj Electricals Limited Discloses ?3.62 Crore GST Demand Upheld in Adverse Appeal Order
Delhi HC Allows Consolidation of GST SCNs Covering Multiple FY U/S 73 & 74

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
07 Apr 26 Payment of TCS collected in March. In case of government offices where : (a) TDS is deposited by challan, 7th April is the last date to deposit TDS. (b) TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected.
07 Apr 26 "Seller to upload declarations received in March, from buyers for non-deduction of TCS. "
07 Apr 26 Return of External Commercial Borrowings for March.
10 Apr 26 Monthly Return by Tax Deductors for March.
10 Apr 26 Monthly Return by e-commerce operators for March.
11 Apr 26 Monthly Return of Outward Supplies for March.
13 Apr 26 Quarterly Return of Outward Supplies for January-March.
13 Apr 26 Monthly Return by Non-resident taxable person for March.
13 Apr 26 Monthly Return of Input Service Distributor for March.
14 Apr 26 Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in February.
14 Apr 26 Issue of TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB where lease has terminated in February.
14 Apr 26 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in February.
14 Apr 26 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in February.
15 Apr 26 E-Payment of PF for March.
15 Apr 26 Payment of ESI for March
15 Apr 26 Upload of Statement of Foreign Remittances by banks and other authorised dealers for January-March.
18 Apr 26 Payment of GST by Composition taxpayers for January-March .
20 Apr 26 Monthly Return by persons outside India providing online information and data base access or retrieval services, for March.
20 Apr 26 Add/amend particulars (other than GSTIN) in GSTR-1 of March. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.
20 Apr 26 Summary Return cum Payment of Tax for March by Monthly filers. (other than QRMP).
22 Apr 26 Add/amend particulars (other than GSTIN) in GSTR-1 of Mar quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep. . It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.
22 Apr 26 Summary Return of January-March quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
25 Apr 26 Half yearly Details of goods/capital goods sent to & from job worker for October -March for turnover above 5 cr.
25 Apr 26 Yearly Details of goods/capital goods sent to & from job worker for April-March for turnover upto 5 cr.
28 Apr 26 Return for March by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
30 Apr 26 Taxpayers with Turnover upto Rs 5 Crores in 2025-26 can opt in or opt out of QRMP Scheme from April-June quarter. Those already availing the scheme not required to reapply.
30 Apr 26 Payment of TDS deducted in March (both Salary & non-salary)
30 Apr 26 Details of Deposit of TDS/TCS of March by book entry by an office of the Government.
30 Apr 26 Deposit of TDS u/s 194-IA on payment made for purchase of property in March.
30 Apr 26 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 23-24. (In case of termination of lease during the year, TDS is to be deposited within 30 days of the next month).
30 Apr 26 Deposit of TDS on certain payments made by individual/HUF u/s 194M for March.
30 Apr 26 Deposit of TDS on Virtual Digital Assets u/s 194S for March.
30 Apr 26 Uploading declarations received in Form 15G/15H for Mar quarter.
30 Apr 26 e-filing of declarations containing particulars of Form 60 received during October - March.
30 Apr 26 Half yearly Statement of Financial Transactions by Depositories, Registrars & Share Transfer Agents for reporting of information relating to Capital gains on transfer of listed securities or units of Mutual Funds from Oct -Mar.
30 Apr 26 Disclosure of dues of more than 45 days to MSME Suppliers by companies from Oct to Mar.
30 Apr 26 Opening of Bank Account for Un-spent CSR Account and transfer of unspent CSR amount to that account (For Cos to whom CSR is applicable)
30 Apr 26 Annual Return of Dormant Company for FY 2025-26.
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