Income Tax
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Smart Gifting Strategies – Lawful Method To Reduce Tax Liability
No Penalty for Disallowed Advances & Interest Claims: ITAT Bangalore
Delay of more than 5 years in filing of appeal condoned as genuine reason shown
Net profit to be assessed on past history in absence of any comparable cases
Entire expense cannot be held as non-genuine if some parties failed to respond to AO’s notice
Reassessment u/s. 148 quashed as initiated inspite of full and true material disclosure: Bombay HC
Exemption u/s. 54F and 54B cannot be denied solely on ground of non-adherence to strict time limits
Tax Avoidance vs. Tax Evasion: Definitions and Penalties
ESOPs: Structure, Accounting and Tax Rules
Cleaning Up Process by Income Tax department before Diwali
Key Compliance Requirements for Opening a Foreign Company in India
Form 26AS vs AIS: How to Handle Mismatches for AY 2025-26
Income Tax Crackdown on Bogus Tax Deductions & false Refund claims
LTCG addition in hands of firm set aside as property belonged to partner & not firm
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.
