Income Tax
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Malad Chamber Seeks Tax Audit Due Date Extension to 31 October 2026
Section 143(3) Assessment Using Search Material Legally Unsustainable: ITAT Mumbai
Recorded Cash Sales Cannot Also Be Taxed Under Section 68: ITAT Mumbai
Past Losses Cannot Turn DCF into NAV: ₹1.94 Crore “Angel Tax” Addition Deleted
ESOP Discount, Professional Fees and Section 234C Relief Allowed: ITAT Mumbai
Vague Section 274 Notice Invalidates Section 271(1)(c) Penalty: ITAT Mumbai
Reassessment Based on Another Person’s NSEL Data Quashed: ITAT Mumbai
No Trust Deed Since 1955: ITAT Directs Renewal of Church’s 12AB Registration
No Business Receipts, No Deduction? ITAT Says Examine the Expenses First
Salary and Capital Gains Claims Require Fresh Verification: ITAT Bangalore Orders Remand
Search Assessment Quashed: A Scrutiny Notice Could Not Replace Section 148
Statutory Deposit Interest Qualifies for Section 80P Deduction: ITAT Bangalore
Turnover Difference Requires Verification of Sister-in-Law’s Business Records: ITAT Bangalore
Reassessment Notice Against Non-Existing Merged Company Quashed: Telangana HC
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.
