Income Tax
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Bangalore ITAT Slams Flip-Flop by AO; Grants Full 80P Deduction Including Bank Interest to Credit Co-operative Society
US Taxation 2026: Business use of your home deduction
Delhi HC Sets Aside ₹160.43 Crore Addition as AO Ignored Mandatory DRP Directions
Clerical Error in Tax Audit Report Cannot Be Treated as Income: ITAT Deletes Addition
ITAT Quashes Reassessment as Section 148 Notice Was Based on Incorrect Facts & Figures
ITAT Restores 12A Registration Application as Bona Fide Error in Form Clause Cannot Defeat Claim
Section 276B Criminal Proceedings Not Quashed as Service of Notice Established Wilful Default
Income Tax Demand Quashed as Resolution Plan Extinguished Pre-CIRP Tax Dues
ITAT Orders Fresh Review as On-Money Addition Was Based on Loose Sheet
ITAT Quashes Section 263 Revision Because PCIT Raised New Issues Beyond SCN
Kerala HC Denies Interest Deduction as Borrowed Funds Were Invested as Capital in Partnership Firm
Appeal Dismissed as Infructuous as Rectification Order Restored Section 80P Deduction
Section 80P Deduction Disallowance Set Aside as CPC Made Adjustment Without Hearing Assessee
Reassessment Held Void as AO Invoked Section 147 Instead of Section 153C
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.
