Income Tax
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Vague Penalty Notice Invalidates Search Penalty Under Section 271AAB: ITAT Ranchi
No 270A Penalty Where Income Is Based on Gross Profit Estimation: ITAT Ranchi
Section 50C Date Shift Allowed; Stamp Value to Be Taken as on Agreement Date
Section 80P(2)(d) Allowed; Interest from Co-op Banks Fully Deductible
Section 145(3) Upheld, but Arbitrary Estimation Curbed; Cold Storage Profit Recomputed Rationally
Wrong AY = No U/s 69A Addition; Seized Cash Taxable Only in Year of Seizure
Section 271A Penalty Sustained Despite VSV Settlement; Non-Maintenance of Books Proved
Telescoping Allowed; Cash Found Explained from Firm’s Surrendered Income
Buyback Tax Reset: How Finance Act 2026 Changes Game for Shareholders
The Shift in Sovereign Gold Bonds: Analyzing the 2026 Tax Rules
Budget 2026 Failed To Redress The Persistent Practical Problems
An Analytical Overview of Finance Bill 2026: Key Tax Implications for Corporates
Addition Based Solely on Husband’s Statement During Survey u/s 133A Unsustainable: ITAT Guwahati
Protective Additions u/s 68 & 69C Invalid Once Substantive Addition Sustained: ITAT Mumbai
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.
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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.
