Income Tax
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Section 263 Revision Quashed for Mechanical MAT Adjustment Without Fresh Error
CIT(A) Remand Power Upheld Under New Section 251 Provision
Section 80C Deduction & Agricultural Income Exemption Claims Restored to AO
Block Assessment Period Curtailed for Third Parties Under Finance Bill 2026
Income Tax Penalties Replaced by Fixed Fees to Cut Compliance Litigation
Penalty for Under-Reporting to Be Issued With Assessment, Not Separately
Budget 2026 Barred Interest Deduction on Dividend & Mutual Fund Income
MAT Made Final with Lower Rate & Set-Off Limit imposed
TCS Rates Rationalised to Uniform 2% from 1st April 2026
Jurisdiction for Reassessment Notices Clarified to End Faceless AO Disputes
Compulsory Land Acquisition Income Exempted to Remove Tax Ambiguity
Budget 2026 allows Non-Audit Business Taxpayers to File ITR till 31st August
Budget 2026 extends Revised Income Tax Return Deadline to 12 Months
Budget 2026 Introduces Foreign Asset Disclosure Scheme for Small Taxpayers
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.
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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.
