Income Tax
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ITAT Kolkata Deletes Section 271(1)(c) Penalty for Bona Fide Rounding-Off Error

ITAT Ahmedabad Deletes Section 270A Penalty on Political Donation Disallowance

Gujarat HC Quashes Reopening Beyond 4 Years as 2(22)(e) Conditions Were Not Met

ITAT Indore Limits ₹46.78 Lakh Section 69 Addition to ₹8 Lakh Based on Actual Purchase Price

ITAT Delhi Upholds Rs.8.50 Lakh LTCG Addition on Fresh Section 54 Claim

New Income Tax Form Form 104 Replaces Form 10A for NPOs

New Income Tax Form 39 Replaces Form 10E for Tax Relief Claims

New Income Tax Form 26 Consolidates Forms 3CA, 3CB and 3CD

Income Tax Form No. 145 (Erstwhile 15CA) Introduced with UDIN

ITAT Delhi Quashes Search Assessment as Time-Barred Under Section 153C

SC Upholds Dismissal of Challenge to Section 153C Notices

ITAT Hyderabad Applies Circle Rate for JDA Gains, Restores Section 54F

Bombay HC Follows Hexaware, Quashes Section 148 Notice

ITAT Upholds CUP for Stock Broking ALP and Deletes Section 73 Disallowance
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.
