Income Tax
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Mumbai ITAT Deletes ₹23.98 Crore Section 68 Addition: Proved Share Capital Cannot Be Taxed as Unexplained Cash Credit

ITAT Quashes Reassessment: Approval from PCIT Instead of PCCIT Proves Fatal

ITAT Condoned 134-Day Delay: Waiting for Section 154 Outcome Held a Bona Fide Reason

Bangalore ITAT Quashes Section 263 Order: No Revision Possible When Alleged Expenditure Was Never Claimed

Mumbai ITAT: Reassessment Must Tax Real Income, Not Duplicate Salary Entries; CCM Addition Deleted for Want of Evidence

Interest Disallowance Deleted as Own Funds Exceeded Advances: ITAT Pune

Daily Backup Dilemma: Decoding “Electronic Mode” vs. “Computer System” under Income Tax Act 2025.

Restricted Stock Units Taxation in India: Foreign Tax Credit, Form 67 & Reporting

Bombay HC Quashes Reassessment as Broken Period Interest Deduction Was Already Settled by SC

ITAT Remands 12AB & 80G Applications as CIT(E) Orders Lacked Clarity on Compliance

Interest on Bank Deposits Eligible for Section 80P: ITAT Pune

ITAT Sustains 50% Disallowance as Taxpayer Failed to Prove Business Utility of Consultancy Fees

Petrol Pump Cash Turnover During Demonetisation Cannot Be Ignored: ITAT Dehradun

Communication Gaps in Virtual Hearings: ITAT Condoned 2580-Day Delay
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.

