Income Tax
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Section 264 Revision Quashed for Cursorily Dealing with Contentions: Gujarat HC
Section 151 Sanction by Incorrect Authority Invalidates Section 148 Reassessment: ITAT Delhi
Section 80-IA(9) Restricts Double Deduction Without Reducing Gross Total Income: Madras HC
Section 68 Addition on Demonetisation Cash Deposits Restricted to ₹2 Lakh: ITAT Delhi
₹70 Lakh Property Investment Claimed from Husband’s Gift Remanded for Verification: ITAT Mumbai
India’s MLI Problem: Ratified, But Not Notified
Section 10(10D): Should Life Insurance Exemption Cover Entire Maturity Proceeds or Only Income?
Mutual Fund Taxation: CA Perspective on AMFI’s Budget 2026–27 Proposals
Section 153C Assessments Quashed for Excluded Block Period & Lack of Incriminating Material: ITAT Delhi
Section 153C Assessments Void for Post-April 2021 Satisfaction Note: ITAT Delhi
Section 80-IB Deduction Not Reducible Before Computing Section 80HHC Relief: Madras HC
DEPB & Duty Drawback Ineligible Under Section 80-IB, Section 80-IA Issue Remanded: Madras HC
Section 147 Reassessment Annulled as Examined Cash Deposits Involved Change of Opinion: ITAT Lucknow
Section 69A Addition Deleted as Cash Deposits Explained by Withdrawals & Co-owner’s Advance: 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.
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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.
