Income Tax
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Madras HC Upholds Transfer to MP/MLA Special Court Due to SC Directions
Section 87A Applies to Total Income Including STCG Under Section 111A: ITAT Mumbai
Section 87A Rebate Available Despite LTCG at Special Rates: ITAT Chennai
Section 87A Rebate Allowed on STCG Due to Absence of Statutory Restriction: ITAT Rajkot
ITAT Allows Section 87A Rebate as Section 111A Contains No Express Restriction
GP Estimation Based Solely on Subsequent Years’ GP Rate Not Justified: ITAT Allahabad
Requirement to File Income-tax Return (ITR) for FY 2025–26 (AY 2026–27)
Lower & Nil Withholding Under Income Tax Act 2025: Section 395 Certificate & Section 393(6) Declaration
Assessment Order Quashed as Same-Day Hearing Violated Natural Justice
CBDT Grants Section 10(46) Tax Exemption to Mussoorie Dehradun Development Authority
CBDT Condones Form 10AB Filing Delay as Genuine Hardship Affected 80G Renewal
TP Addition Deleted as Management Support Services Proved Genuine
Income Tax Assessment Set Aside as SCN Reply Was Not Properly Considered
ITAT Delhi Excludes TPO Comparables for Functional Dissimilarity
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.
