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Income Tax

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.

Income TaxITAT Quashes Reassessment over Incorrect PAN & for Non-Consideration of Reply
Income Tax

ITAT Quashes Reassessment over Incorrect PAN & for Non-Consideration of Reply

CA Sandeep Kanoi3 months ago
Income TaxWholesale & Retail Markets Cannot Be Treated Alike for TP Benchmarking: ITAT Delhi
Income Tax

Wholesale & Retail Markets Cannot Be Treated Alike for TP Benchmarking: ITAT Delhi

CA Sandeep Kanoi3 months ago
Income TaxBombay HC Quashes Section 271-D Penalty as Quantum Appeal Was Pending
Income Tax

Bombay HC Quashes Section 271-D Penalty as Quantum Appeal Was Pending

CA Sandeep Kanoi3 months ago
Income TaxCapital Gains Addition Cannot Stand When Property Sale Is Under Civil Dispute: ITAT Ahmedabad
Income Tax

Capital Gains Addition Cannot Stand When Property Sale Is Under Civil Dispute: ITAT Ahmedabad

CA Sandeep Kanoi3 months ago
Income TaxParticipation in Reassessment Proceedings Cannot Cure Section 143(2) Notice Absence: ITAT Nagpur
Income Tax

Participation in Reassessment Proceedings Cannot Cure Section 143(2) Notice Absence: ITAT Nagpur

CA Sandeep Kanoi3 months ago
Income TaxCalcutta HC Quashes Reassessment Notice as Amended Section 149 Limitation Applies Retrospectively
Income Tax

Calcutta HC Quashes Reassessment Notice as Amended Section 149 Limitation Applies Retrospectively

CA Sandeep Kanoi3 months ago
Income TaxITAT Allows Vivad Se Vishwas Settlement as Wrong Appeal Was Withdrawn by Bona Fide Mistake
Income Tax

ITAT Allows Vivad Se Vishwas Settlement as Wrong Appeal Was Withdrawn by Bona Fide Mistake

CA Sandeep Kanoi3 months ago
Income TaxUnsigned Affidavit Can’t End Appeal: ITAT Directs CIT(A) to Allow Defect Correction
Income Tax

Unsigned Affidavit Can’t End Appeal: ITAT Directs CIT(A) to Allow Defect Correction

CA Vijayakumar Shetty3 months ago
Income TaxDeath of Assessee & Missing Records: Mumbai ITAT Limits Bogus Purchase Addition to 8% Profit Element
Income Tax

Death of Assessee & Missing Records: Mumbai ITAT Limits Bogus Purchase Addition to 8% Profit Element

CA Vijayakumar Shetty3 months ago
Income TaxHas Income-tax Act, 2025 Replaced Income-tax Act, 1961?
Income Tax

Has Income-tax Act, 2025 Replaced Income-tax Act, 1961?

CA AJIT SHAH3 months ago
Income TaxAO Cannot Tax Entire Sale Consideration as Capital Gain Without Allowing Cost of TDR: Bangalore ITAT
Income Tax

AO Cannot Tax Entire Sale Consideration as Capital Gain Without Allowing Cost of TDR: Bangalore ITAT

CA Vijayakumar Shetty3 months ago
Income TaxTrade Creditors Are NOT Cash Credits- Mumbai ITAT Deletes ₹16.44 Crore Addition U/s 68
Income Tax

Trade Creditors Are NOT Cash Credits- Mumbai ITAT Deletes ₹16.44 Crore Addition U/s 68

CA Vijayakumar Shetty3 months ago
Income TaxNo Penalty on Routine Disallowances in 153C Cases Without Incriminating Material: Mumbai ITAT
Income Tax

No Penalty on Routine Disallowances in 153C Cases Without Incriminating Material: Mumbai ITAT

CA Vijayakumar Shetty3 months ago
Income TaxCPC Cannot Deny Section 43B Relief for GST Paid Before ITR Due Date Despite Form 3CD Disclosure
Income Tax

CPC Cannot Deny Section 43B Relief for GST Paid Before ITR Due Date Despite Form 3CD Disclosure

CA Vijayakumar Shetty3 months ago

Latest Income Tax News

Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.

Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.

Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.

At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.

Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.