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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Income TaxBSNL VRS-2019 Compensation Gets Full Sec. 10(10B) Exemption; ITAT Condones 1,404-Day Delay
Income Tax

BSNL VRS-2019 Compensation Gets Full Sec. 10(10B) Exemption; ITAT Condones 1,404-Day Delay

CA Vijayakumar Shetty7 days ago
Income TaxSC: DVO Reference Valid After Rejection of Books of Account
Income Tax

SC: DVO Reference Valid After Rejection of Books of Account

CA Ajay Kumar Agrawal7 days ago
Income TaxSection 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad
Income Tax

Section 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad

CA Ajay Kumar Agrawal7 days ago
Income TaxPanaji ITAT: AO Cannot Tax Loan Merely Doubting Creditor’s Creditworthiness
Income Tax

Panaji ITAT: AO Cannot Tax Loan Merely Doubting Creditor’s Creditworthiness

CA Vijayakumar Shetty1 week ago
Income Tax1 April Notice Date Prevails Over 31 March: Rajkot ITAT Quashes ₹1.33 Cr Penny-Stock Addition
Income Tax

1 April Notice Date Prevails Over 31 March: Rajkot ITAT Quashes ₹1.33 Cr Penny-Stock Addition

CA Vijayakumar Shetty1 week ago
Income TaxHyderabad ITAT: 60% Section 115BBE Rate Inapplicable to AY 2017-18
Income Tax

Hyderabad ITAT: 60% Section 115BBE Rate Inapplicable to AY 2017-18

CA Vijayakumar Shetty1 week ago
Income TaxBSNL VRS-2019 Compensation Exempt u/s 10(10B) as Retrenchment Pay: ITAT Nagpur
Income Tax

BSNL VRS-2019 Compensation Exempt u/s 10(10B) as Retrenchment Pay: ITAT Nagpur

CA Vijayakumar Shetty1 week ago
Income TaxHyderabad ITAT: Appeal Delay Impliedly Condoned When CIT(A) Decides Case on Merits
Income Tax

Hyderabad ITAT: Appeal Delay Impliedly Condoned When CIT(A) Decides Case on Merits

CA Vijayakumar Shetty1 week ago
Income TaxPanaji ITAT Quashes Section 147 Reassessment When No Addition Made on Reopened Issue
Income Tax

Panaji ITAT Quashes Section 147 Reassessment When No Addition Made on Reopened Issue

CA Vijayakumar Shetty1 week ago
Income TaxHyderabad ITAT: ₹12.69 Lakh Demonetisation Cash Addition Deleted for Explained Bank Withdrawals
Income Tax

Hyderabad ITAT: ₹12.69 Lakh Demonetisation Cash Addition Deleted for Explained Bank Withdrawals

CA Vijayakumar Shetty1 week ago
Income TaxSurvey Income Is Part of Book Profit for Partners’ Remuneration u/s 40(b): ITAT Panaji
Income Tax

Survey Income Is Part of Book Profit for Partners’ Remuneration u/s 40(b): ITAT Panaji

CA Vijayakumar Shetty1 week ago
Income TaxPanaji ITAT Allows Section 80P(2)(d) on Interest from Co-operative Banks
Income Tax

Panaji ITAT Allows Section 80P(2)(d) on Interest from Co-operative Banks

CA Vijayakumar Shetty1 week ago
Income TaxRajkot ITAT: ₹8.91 Cr Reassessment Quashed as Notice Issued to Dissolved Firm
Income Tax

Rajkot ITAT: ₹8.91 Cr Reassessment Quashed as Notice Issued to Dissolved Firm

CA Vijayakumar Shetty1 week ago
Income TaxPanaji ITAT: Partner Remuneration Cannot Be Taxed Twice – ₹2.98 Lakh Addition Deleted
Income Tax

Panaji ITAT: Partner Remuneration Cannot Be Taxed Twice – ₹2.98 Lakh Addition Deleted

CA Vijayakumar Shetty1 week ago

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.