Income Tax
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Journal Entries ≠ Undisclosed Income- ITAT Gives Fresh Life to ₹51 Lakh Additions
No Addition, No Under-Reporting: ITAT Deletes Section 270A Penalty When Income Returned u/s 148 Was Fully Accepted
Section 69B Addition Confirmed as AO Recorded Discrepancies Before DVO Reference
ITAT Mumbai Upholds 6.5% Fixed Interest Benchmark on AE Loans Due to Long-Term Non-Payment
CIT(A) Is Not a Dismissal Counter: ITAT Says Appeals Must Be Decided on Merits, Not Closed for Non-Compliance
Reassessment Beyond 3 Years for ₹8 Lakh Addition? – ITAT Questions Validity of Section 148 Notice
No Parallel Assessment Orders Permissible for Same Assessment Year Under Section 153A Regime
TDS on Property Purchase Cannot Be Avoided Due to Unpaid Consideration: ITAT Bangalore
ITAT Deletes ₹1.13 Crore Business Promotion Disallowance Due to Lack of Adverse Findings
ITAT Remands Section 69A Addition as CIT(A) Failed to Pass Proper Speaking Order
PF & ESI Disallowance Removed as Income Tax Act 2025 allows Deposit till ITR Due Date
Section 271C Penalty Deleted as Proceedings Were Barred by Section 275(1)(c) Limitation
Section 263 Revision Invalid as AO Already Examined Accumulated Fund Utilization: Bombay HC
Bogus Purchases Fully Disallowable as Supplier Was Found Non-Existent: ITAT Kolkata
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.
