Income Tax
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Revisionary Powers under Sections 263 & 264 of Income Tax Act, 1961
Karnataka HC Quashes Prosecution of Assessee for Tax Fraud Committed by CA
Consolidated approval u/s. 153D granting in mechanical manner is void-ab-initio
Section 249(4)(b) can’t Bar Appeal When No Advance Tax Payable: ITAT Pune
Section 80P Deduction Allowed Despite Late Filing, Section 80AC applies from AY 2018-19 onwards
Karnataka HC Rejects Review Petition by Revenue Against Release of Seized ₹2 Crore
Notice u/s 148A(b) Invalid if Less Than 7 Days’ Time Given for Reply: Karnataka HC
Interest on housing loan includible in cost of acquisition u/s. 48 provided not claimed as deduction u/s. 24(b)
Revision proceedings u/s. 263 set aside as AO already made proper enquiry and examination
ITR Deadline Extended by One Day at 11:48 PM, Sparks Outcry
Due date for filing of Income Tax Returns extend to 16th September 2025
Karnataka HC Upholds ITAT Deletion of ₹7 Crore Section 68 Addition on Share Sale
ITAT Kolkata Quashes Section 271(1)(c) Penalty on One-Time Settlement
ITAT Kolkata Deletes ₹1.59 Crore Bogus Sales/Paper Trading Addition
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.
