Income Tax
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Reassessment notice was invalid if it was issued beyond the calculated “surviving time” or “last date” time limit
Loss on foreign currency derivative transaction and exchange rate difference allowed as expense
Final assessment order beyond period prescribed u/s. 144C(13) is barred by limitation
Notional interest disallowance u/s. 36(1)(vii) quashed as interest on borrowed fund allowable as revenue expense
STCG tax paid u/s. 111A cannot be reclassified u/s. 68 r.w.s. 1115BBE without any basis
Ready Reckoner of the Criteria for Tax Audit For AY 2025-26
Fixed-Term Staff Also Qualify: ITAT Delhi Allows ₹24.16 Cr Deduction u/s 80JJAA to Manpower Services
ITAT Mumbai Quashes PCIT’s 263 Order Passed Without Notice & Beyond Limitation
Residential Status under Indian Income Tax Act – A Complete Guide
Wrong Dropdown Selection Cannot Deny 80G: ITAT Chennai Grants 5-Year Recognition to Trust
Only Embedded Profit Element Taxable: ITAT Delhi Restricts Bogus Purchase Addition to 12.5%
Reopening Beyond 10 Years Void: ITAT Delhi Quashes ₹2.25 Cr Assessment
HRA & Chapter VIA Deductions Under Scrutiny — Tribunal Orders Full Adjudication
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi
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.
