Income Tax
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Reopening Beyond 3 Years Below ₹50 Lakh Quashed
ITAT Erred in Accepting Retraction of Admission Without Testing Credibility: Calcutta HC
Set-Off of Losses Allowed on Survey-Declared Business Income
Late Form 67 Filing Ignored Because FTC Is a Vested Treaty Right
Belated U/s 148 Return Costs Assessee: 1% NP Estimation Upheld
Agent Collections vs Own Sales—Hyderabad ITAT Remands 69A Addition for Fresh Verification
Disclosed Rental Income Can’t Be Taxed Under Section 69A: ITAT Hyderabad
Vague 271(1)(c) Notice Fatal: Visakhapatnam ITAT Quashes ₹6.34 Cr Penalty
Refund Claim on Hold – New Risk Management Alert from Income Tax Department (AY 2025-26)
Section 69A Addition of ₹1.86 Cr Set Aside for Lack of Verification of College Fee Collections
ITAT Appeal Dismissed as Infructuous After HC Quashes Recall Under Section 254(2)
Entire Share Sale Proceeds Can’t Be Taxed as Capital Gains: ITAT Visakhapatnam
Interest on Co-operative Bank FDs Still Eligible for 80P Deduction: ITAT Pune
Disclosure During Search Not Enough to Invoke Section 271AAB, Penalty Set Aside
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.
