Income Tax
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Loan Addition Sent Back to AO as Repayment Documents Required Verification

Bombay HC Quashes Section 271D Penalty as Issue Was Already Covered by Earlier Rulings

ITAT Upholds Section 154 Rectification as TOLA Extended Limitation for Rectification Proceedings

ITAT Quashes Reassessment as Section 148 Notice Was Issued After Limitation Expiry

ITAT Deletes Section 68 Addition as AO Relied Only on Past Accommodation Entry Allegations Without Direct Evidence

Rajasthan HC Dismisses GST Writ as Effective Statutory Appeal Remedy Was Available

ITAT Allows Delay Condonation as Rectification Application Remained Pending for Years

Cash Receipt of Sale Consideration Not Enough to Treat High Sea Sales as Bogus: ITAT Delhi

New Tax Regime AY 2026-27: Lesser-Known Exemptions for Salaried Employees

Tax Audit Changes: Clause 47 Targets Unquoted Share Transactions

Appeal Delay of 3 Years Condoned by ITAT on Professional Advice Grounds

Tax Audit Working Sheet in Excel Format

Section 43B Deduction Cannot Be Lost Due to Inadvertent Non-Claim in Return – ITAT Gives Fresh Opportunity to Verify Property Tax Payment

ITAT Deletes Section 68 Loan Addition; Mere Link to Entry Operator Insufficient
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.

