Income Tax
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New Income-tax Act, 2025 – A Practical Overview for Taxpayers
Profits and Gains of Business or Profession – Income Tax Provisions
Deduction u/s. 10A entitled before setting off carry forward losses and unabsorbed depreciation
No Sections 12AB and 80G denial if No Evidence of Community Bias or Non-Genuine Activities
₹903 Crore ESOP Expenditure Allowed as Business Expense Due to Binding HC Ruling
No Section 68 Addition on Sales Already Offered to Tax: ITAT Mumbai
SC Upholds Quashing of Reopening as Based on Overturned Earlier Disallowance
Reopening Invalid as Based on Issue Already Decided in Earlier Year: Gujarat HC
SC: No TDS on Reinsurance Payments as Brokers Not PE; MAT Not Applicable to Insurance Companies
No TDS on Reinsurance Payments; Insurance Companies Not Liable for MAT: Madras HC
SC Dismisses Appeal Due to Delay, Upholds Time-Barred Reassessment Notice Ruling
Delhi HC Quashed Reassessment Notice as Issued Beyond Six-Year Limitation Period
Higher Depreciation Allowed on UPS as Integral Part of Computer: Delhi HC
Non-service of statutory notice prior to initiation of proceedings u/s. 148 not tenable: Matter remitted
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.
