Income Tax
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Third-Party Statements Cannot Sustain Assessment Without Cross-Examination: Mumbai ITAT
Reassessment Quashed for Lack of Competent Section 151 Approval: Mumbai ITAT
Buyback of Unexercised ESOPs Taxable as Capital Gains: Bangalore ITAT
Mumbai ITAT Deletes ₹14 Lakh Accommodation Entry Addition; Search Report Alone Insufficient
Chennai ITAT: Agricultural Income Claim Restored for Fresh Opportunity
Bangalore ITAT Allows AOP Trust to Carry Forward and Set Off Losses Despite No Section 12A Registration
Section 54F Computation Error in ITR Utility and Tax Software (AY 2026-27)
Delhi ITAT Deletes Section 68 Addition on Opening Loan Balance, Cancels Penalty
Pune ITAT Remands Capital Gains and Section 54F Dispute for Fresh Verification
Madras HC Condones Delay in Form 10B Filing Despite CBDT Time Limit
Broadband Trial Run Income Before Commissioning Is Capital Receipt: Bombay HC
Ahmedabad ITAT Grants BSNL VRS Exemption, Condones Delay and Orders Refund Despite Belated Claim
Mumbai ITAT Upholds Depreciation on Goodwill from NCLT-Approved Amalgamation
Mumbai ITAT Deletes ₹35.60 Lakh CCM Addition; Investigation Wing Information Alone Not Enough
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.
