Income Tax
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ITAT Delhi Quashed Reassessment for Invalid Sanction Beyond Three Years
2026 Union Pre-Budget Wishlist: Personal Tax
Final Orders After DRP Beyond Section 153 Limit Quashed Despite Pending Supreme Court Reference
Cash Advance Adjusted Through Tripartite Deal Not Unexplained Cash Credit U/s 68
Final Assessment Ignoring DRP Directions Held Void; No Post-Limitation Cure Permissible
Section 153C Assessments Beyond Ten-Year Block Invalid: Deemed Search Date Starts from Satisfaction Note
Investor Funds of Company Cannot Be Taxed as Director’s Personal Unexplained Money u/s 69A
Interest on Borrowed Funds Deductible Against Interest Income: ITAT Mumbai
SC Dismisses Tax Appeal as Developer Status Under Section 80IA Already Settled
Gujarat HC Allowed Section 80IA Deduction as Assessee Held to Be Infrastructure Developer
Retention Money Not Income Until Contract Conditions Are Met: SC
Retention Money Taxable Only After Right to Receive Crystallises: Calcutta HC
No TDS on Stockist Discounts, ESOP Grants & MSME Interest: ITAT Mumbai
ITAT Chennai Allowed TDS Credit in Year of Receipt Due to Cash Accounting System
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.
