Income Tax
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ITAT Deletes Section 14A Disallowance as Subsidiary Investment Yielded No Exempt Income

WhatsApp Chats Alone Cannot Justify Tax Additions Without Supporting Evidence: ITAT Ahmedabad

ITAT Deletes BMA Penalty as Foreign Assets Were Disclosed in Section 153A Returns

ITAT Quashes Black Money Assessment as TOLA Extensions Not Cover Black Money Act

Interest for failure to Collect/Deduct & for delayed TDS/TCS Payment

ITAT Quashes Reassessment as Final Additions Differed from Recorded Reasons

No Tax on Inter-Circle Reconciliation Differences: ITAT Deletes ₹1,527 Crore Addition

Electricity Consumption Charges Wholly for Business Purposes allowable: ITAT Delhi

Section 68 Addition Unsustainable as Revenue Failed to Verify Creditors’ Documents: ITAT Bangalore

Appeal for Higher Sentence in TDS Default Case Must Be Filed Before Sessions Court: Karnataka HC

Section 127 Income Tax Case Transfer for Effective Investigation is valid: Telangana HC

Telangana HC Upholds Transfer of Income Tax Cases as Coordinated Investigation Required Centralisation

No Penalty on Capital Gains from JDA: ITAT Says Debatable Issue Cannot Trigger Concealment Penalty

ITAT: CIT(A) Cannot Bypass Rule 46A; If Property Is Stock-in-Trade, Section 43CA Must Also Be Examined
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.

