Income Tax
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ITAT Lucknow Holds Original Assessment Revives Once Section 263 Order Is Set Aside
Sections 201 and 40(a)(ia) Operate Independently on TDS Failures
ITAT Ahmedabad Deletes Section 68 Addition on Alleged Accommodation Sales
Section 69C Commission Addition Falls After Section 68 Deletion
ITAT Agra Deletes Section 270A Penalty on Ad-hoc Disallowance Without Rejection of Books
Reopening Invalid as JAO Lacked Jurisdiction Under Faceless Scheme
Cash Found in Search Taxable in Company’s Hands, Not Director’s: ITAT Mumbai
Section 68 Cannot Be Invoked in Partner’s Hands for Firm’s Loan Write-Back: ITAT Mumbai
Final assessment order time barred as passed beyond time prescribed u/s. 144C
U.S. Taxation 2026: Itemized Deductions Explained for AY 2025–26
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.
