Income Tax
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HC Quashes 148A(d) & Ex-Parte Assessment; Matter Restored to 148A(b) Stage for Fresh Reply
Karnataka HC Sets Aside 154 Rectification; Remands for Fresh Consideration of Sec 54 Claim on CGAS
Old vs New Income Tax Regime: 7 Costly Mistakes to Avoid in FY 2026-27
Choose Your Subcontractor Wisely: A Costly ITAT Lesson
Bombay Quashed Section 148 Notice Due to Issuance by Wrong Authority
No Addition for Cessation of Liability if no Evidence of Remission: ITAT Mumbai
Tenancy Rights Transfer Taxable Only on Possession: STCG Addition Deleted
JDA May Trigger Transfer- But No Double Taxation Allowed: Karnataka HC Relief
CIT(A) Enhancement Quashed for No Notice – ITAT Restores LTCG Issues to AO
No Penalty When Quantum Deleted: 270A Cannot Survive Without Addition
Heavy Contract Payments by Trust Under Scanner: Matter Remanded for Verification
Bogus Purchases: Only Profit Element Taxable – ITAT Upholds 12.5% Estimation
Bogus Purchase Addition Limited to Profit Element Due to Accepted Sales: ITAT Mumbai
Notional Rent on Work-in-Progress Invalid – Section 23 Misapplied
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.
