Income Tax
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No Condition in Section 68 on Loan Source from Current Year’s Taxable Income
US “Tax Reform 2025” Bill Signed into Law, Bringing Extensive Changes
ITAT Quashes Reassessment as AO Lacked Jurisdiction over assessee’s case
Delhi HC Quashes Reassessment Over Improper Sanction
ITAT Mumbai Quashes ₹2.23 Cr Addition for Lack of Reassessment Approval
No Addition Without Corroboration for Common Names on Seized Papers
Direct Tax Collections Dip 1.34% Amid Rising Refunds
License fee for broadcasting sports event apportioned as 10% towards recorded events and 90% towards live coverage
Addition u/s. 68 quashed as cash deposits already included in turnover declared in return
Section 201(1A): Interest on late payment of TDS
Deduction 80P admissible as presence of nominal and associate members lawful under KCSA
Reassessment notice u/s. 148 under TOLA quashed as time-barred: Gujarat HC
Denial of Section 80P Deduction for AY 2019-20 Not a Prima Facie Adjustment
Section 80IC Deduction Cannot Be Denied for Delay of 46 Minutes in Filing Return
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.
