Income Tax
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ITC Set Aside for Paper Transactions, No Goods Movement & Returned Payments: Allahabad HC
Section 115BBE Not Applicable to Business Receipts; Only Profit on Cash Deposits Taxable
Set-Off of Short-Term Capital Loss Cannot Be Denied When Allowed in Identical Cases: Bombay HC
Excess Stock from Survey Taxable as Business Income, Section 115BBE Inapplicable
Erroneous TDS Paid Due to Ignorance of Earlier Deduction Cannot Be denied: Karnataka HC
Closing Stock Revalued Without Adjusting Opening Stock Held Unsustainable
Reassessment Quashed Because Notice Was Issued Beyond Limitation Period
Notice Under Section 148 Invalid When Tax Issue Is Concluded in Earlier Years: ITAT Delhi
Bombay HC Quashed Reassessment for Mechanical Section 153D Approval
Section 54 Deduction Allowed Despite Non-Deposit in CGAS
Belated ITR vs Updated Return: Which Option Is Better After 31 December 2025?
Leave Encashment Relief – Revision, Rectification & Condonation
Income Tax Refunds on Hold: Advisory or Indirect Pressure?
Ownership, transfer and business or capital gain needs reverification in joint development agreement
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.
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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.
