Income Tax
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Rental Income From Unused Premises Doesn’t Bar Section 12AB Renewal: ITAT Delhi

Only Profit Element Taxable on Bogus Purchases if Sales Accepted: ITAT Ahmedabad

ITAT Upholds ₹680.62 Cr Ad, Marketing & Cooler Expense Deductions, Remands Section 80G Claim

Karnataka HC Remands Section 271(1)(c) Penalty After Revival of Assessment Orders

Search Cases With Common Assessing Officer Governed by Section 127 Transfer Date: ITAT Delhi

Calcutta HC Dismisses Challenge to Section 148 Notice Issued by Jurisdictional Assessing Officer

LTCG Genuine as No Link to Share Price Rigging Was Proved: ITAT Mumbai

Gujarat HC Upholds Section 10(38) Exemption as LTCG Was Supported by Evidence

ITAT Mumbai Deletes Section 68 Addition on Sunrise Asian Shares LTCG Claim

Orissa HC Dismisses Review as Section 260A Permits Reformulation of Questions

Higher Profits Alone Cannot Invoke Section 80-IA(10) to Restrict Section 10B Deduction: Bombay HC

Madras HC Quashes Section 276CC Prosecution Where Tax Payable Was Nil

ITAT Panaji Allows Section 80P(2)(d) Deduction on Interest From Co-Operative Bank Deposits

ITAT Delhi Quashes Assessment for Invalid Section 143(2) Notice by Incompetent Authority
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.

