Income Tax
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No Section 40(a)(ia) Disallowance for Short TDS Deduction When Payee Has Paid Tax: Bombay HC
Loan Processing Fees on LAP/LRD Loans Not Deductible Under Section 24(b): ITAT Upholds Disallowance
For Section 56(2)(x) Stamp Duty Value on Allotment Date Must Be Considered: ITAT Mumbai
ITAT Quashes Reassessment as Confidential Reopening Materials Were Not Supplied
Section 153C Assessment Invalid as AO Failed to Record Proper Satisfaction: ITAT Delhi
Short-Term Commercial Loan Repaid with Interest Cannot Be Branded as Bogus Entry: ITAT Deletes ₹80 Lakh Section 68 Addition
Step to Step guide for filing ITR-1 (SAHAJ) for AY 2026-27
Leave Travel Allowance (LTA) exemption: What Every Taxpayer Should Know
ITAT Reduces Section 271(1)(b) Penalty by treating Multiple Notice Defaults as One
Section 54 Exemption Allowed as Investment Was Made Within 2 Years Despite No CGDS Deposit
ITAT Deletes Section 68 Addition Since Opening Loan Balances Cannot Be Taxed Again
Mere Acceptance of Political Donation Addition Doesn’t Justify Penalty
ITAT Allows Full ₹10.15 Lakh Leave Encashment Exemption: ₹25 Lakh CBDT Limit Held Applicable
ITAT Deletes Additions Based Solely on Third-Party Seized Tally Data
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.
