Income Tax
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ITAT Restores Fair Benchmarking on TP Interest & Grants Corporate Tax Reliefs
No Cash, No Assets, No Trail- Dumb Documents Can’t Sustain ₹23 Cr Addition
Karnataka HC Quashes ₹9.10 Cr Ex-Parte Reassessment for lack of hearing opportunity
Reopening Notices for AY 2015-16 Issued After 01.04.2021 Are Invalid & 148A(b) Notice giving less than 7 days is invalid: Karnataka HC
Meritorious Cases Not to be Dismissed on Limitation – Appeal Restored
ITAT Mumbai Sends Back NRI Case Over Non-Service of Section 148 Notice
Demonetisation Cash Deposits to be Taxed as Business Income, Not Unexplained u/s 69A
ITAT Ahmedabad Quashes ₹116 Cr Bogus Sales Addition – Reopening Time-Barred
Trust for Particular Community Not Eligible for Section 11 Benefits: ITAT Ahmedabad
CIT(A) cannot dismiss appeal on account of non-prosecution
ITAT Chennai Upholds DRT Order: Bonafide Purchasers Not Protected Against Existing Mortgage
A Logical Demand: Extension of ITR & Tax Audit Report Dates for AY 2025-26
ITAT directs AO to adopt Rs. 60/sq.m FMV and verify Section 54F claims
ITAT Pune Remands Assessment & Penalty for Joint Bank Cash Deposit
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.
