Income Tax
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Social Protection Fund Notified as Eligible Tax-Exempt Investor Till 2030: CBDT
Section 143(2) Assessment Quashed as Jurisdictional AO Failed to Issue Notice: ITAT Kolkata
Net Direct Tax Collections Rise 16.40% as on 13 July 2026
Technical Glitch in Form 26A Filing Cannot Trigger Section 40(a)(ia) Disallowance: ITAT Bangalore
Form 26AS Alone Cannot Decide Taxability of FD Interest: ITAT Bangalore
Entire Bogus Purchases Not Taxable If Sales Accepted; Only Profit Taxable: ITAT Bangalore
Bangalore ITAT Reaffirms that Transfer Pricing Adjustment Must Be Restricted Only to International Transactions with AEs
Reassessment Quashed as New Allegations Exceeded Section 148A Proceedings: Karnataka HC
Faceless Assessment Quashed for Granting Only 2 Days to Reply: Karnataka HC
JAO Reassessment Notice Restored After Retrospective Section 147A Amendment: Karnataka 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.
