Income Tax
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Corrigendum to Notification of Income tax return Form 3 (ITR-3)
Corrigendum to Notification of Income tax return Form 2 (ITR-2)
Corrigendum to Notification of Income tax return Form 1 and 4 (ITR-1 & ITR-4)
Mandatory CSR Spending Does Not Bar Section 80G Deduction: ITAT Ahmedabad
No Disallowance on Proven Loan Use; Forecasting Expense Allowed as Business Cost – Aishwarya Bachchan Gest Relief
80P Relief Largely Allowed – Interest on Investments Held Eligible, Staff Loan Interest Taxable
Nominal Members No Bar for 80P Deduction—ITAT Allows Relief & SBI Interest Expense Set-off
SC Dismisses Revenue’s SLP Due to Delay & Lack of Year-Specific Material in Reassessment
No Liability Cessation Without Remission: ITAT Deletes Section 41(1) Addition
Late Form 10B Filing Not Fatal—ITAT Allows Exemption if Audit Report Filed Before Processing
U S Taxation, 2026: Penalties for late filing of returns/ paying taxes
Wrong Invocation of Section 153C- ITAT Quashes Assessments Where Assessee Was Himself Searched
ITAT Limits Its Directions – Excludes Comparables Due to Improper Remand to DRP
SC Dismisses SLP Due to Delay, Upholds Quashing of Reassessment on Settled Section 80P Issue
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.
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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.
