Income Tax
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Taxation of Buy-Back of Shares under Income Tax Act 1961 & Income Tax Act 2025
Angel Tax Abolished, But Section 56(2)(viib) Scrutiny Continues for AY 2026-27
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Missing Original Section 12A Certificate Cannot Deny Section 12AB Registration: Mumbai ITAT
Flat Registration for Mortgage Alone Does Not Trigger Section 56(2)(x): Mumbai ITAT
Mere Typographical Error in Tax Audit Report Cannot Deny PF Deduction: ITAT Mumbai
Pune ITAT Refuses to Condon 661-Day Delay in 12AB Appeal Over Vague Claims
₹10 Lakh Addition Deleted Over Weak Cash Payment for Flat Evidence: Pune ITAT
Section 263 Revision Invalid After AO’s Proper Enquiry: Pune ITAT
Absence of Expenditure Cannot Deny Section 12AB Registration Renewal: Mumbai ITAT
Mumbai ITAT Deletes 10% Ad Hoc Business Expense Disallowance for Lack of Specific Defects
Mumbai ITAT Restricts Bogus Diamond Purchase Addition to 2% Following Earlier Rulings
No Further Profit Attribution Once Indian AE Is Remunerated at Arm’s Length: Mumbai ITAT
Mumbai ITAT Allows 60% Software Depreciation, Limits Section 14A 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.
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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.
