Income Tax
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Addition u/s 56(2)(vii)(b) Deleted for Want of DVO Reference: ITAT Lucknow Quashes ₹11.59 Lakh Addition
FAQs on Union Budget 2026 related to Income Tax Changes
Section 143(1) Adjustment on PF–ESI Sent Back for Proper Fact Check
Section 68 Addition Deleted Due to Proven Identity and Source of Loans
Renewal of Old Fixed Deposits Is Not Unexplained Investment: ITAT Delhi Upholds Deletion of Section 69 Addition
Penalty for Non-Compliance with Tax Information Powers Raised to ₹25,000
Tax on Unexplained Income Cut to 30% Under Finance Bill 2026
New Settlement Window Opens for Misreported Income Under Tax Law
Budget 2026 Expanded Immunity to Misreporting Cases Under Income Tax Law
Dividend Deductions Extended to New Tax Regime for Cooperative Societies
Budget 2026 Expanded Tax Deduction to Cattle Feed & Cotton Seed Activities
Finance Bill 2026 Brought Multi-State Cooperatives Within Income-Tax Definition
Disability Pension to armed force personnel Exempt Only for Service-Related Invalidations
Finance Bill 2026 Allowed Updated Return to Reduce Earlier Declared Losses
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.
