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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Income TaxGenuine Member Cash Transactions Protected by Reasonable Cause Rule
Income Tax

Genuine Member Cash Transactions Protected by Reasonable Cause Rule

CA Vijayakumar Shetty8 months ago
Income TaxPre-Demonetisation Withdrawals Can Explain Post-Ban Cash Deposits
Income Tax

Pre-Demonetisation Withdrawals Can Explain Post-Ban Cash Deposits

CA Vijayakumar Shetty8 months ago
Income TaxApproval for One Issue, Reopening for Another Is Legally Fatal
Income Tax

Approval for One Issue, Reopening for Another Is Legally Fatal

CA Vijayakumar Shetty8 months ago
Income TaxMechanical Revenue Objections Rejected on Section 14A and MAT
Income Tax

Mechanical Revenue Objections Rejected on Section 14A and MAT

CA Vijayakumar Shetty8 months ago
Income TaxCommission @0.15% Reflects True Income in Entry Operations
Income Tax

Commission @0.15% Reflects True Income in Entry Operations

CA Vijayakumar Shetty8 months ago
Income TaxAllotment Date Governs Stamp Value Under Section 56(2)(x)
Income Tax

Allotment Date Governs Stamp Value Under Section 56(2)(x)

CA Vijayakumar Shetty8 months ago
Income TaxITAT Grants Fresh Opportunity to Claim Section 54F Deduction
Income Tax

ITAT Grants Fresh Opportunity to Claim Section 54F Deduction

CA Vijayakumar Shetty8 months ago
Income TaxTransfer Pricing Adjustment Softened for Long-Standing ECB Loans
Income Tax

Transfer Pricing Adjustment Softened for Long-Standing ECB Loans

CA Vijayakumar Shetty8 months ago
Income TaxNo Addition, No Revision: PCIT Action Fails for Want of Error and Prejudice
Income Tax

No Addition, No Revision: PCIT Action Fails for Want of Error and Prejudice

CA Vijayakumar Shetty8 months ago
Income TaxBreed Development Spend Treated as Revenue, Not Capital Expense
Income Tax

Breed Development Spend Treated as Revenue, Not Capital Expense

CA Vijayakumar Shetty8 months ago
Income TaxInd-AS Fair Value Gains Can’t Be Ignored in Section 94B Scrutiny
Income Tax

Ind-AS Fair Value Gains Can’t Be Ignored in Section 94B Scrutiny

CA Vijayakumar Shetty8 months ago
Income TaxUnexplained Cash Upheld When Search Confession Is Clear
Income Tax

Unexplained Cash Upheld When Search Confession Is Clear

CA Vijayakumar Shetty8 months ago
Income TaxNFAC Ex-Parte Order Quashed for Ignoring E-Filed Submissions
Income Tax

NFAC Ex-Parte Order Quashed for Ignoring E-Filed Submissions

CA Vijayakumar Shetty8 months ago
Income TaxDetailed U/s 153C Enquiry Bars PCIT from Revising Completed Assessment
Income Tax

Detailed U/s 153C Enquiry Bars PCIT from Revising Completed Assessment

CA Vijayakumar Shetty8 months ago

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.