Income Tax
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ITAT Upholds U/s 80P(2)(d) Deduction on Deposits with Co-operative Banks

Section 80P(2)(d) Benefit Granted Due to Plain and Liberal Reading of the Statute

Cash Deposit Taxed Because Personal Explanation Was Unsubstantiated

Section 153C Fails for Want of Proper Satisfaction: Entire Search Assessment Quashed

Section 68 Addition Fails Where AO Makes No Inquiry: Unsecured Loans Accepted

Section 263 Cannot Override 153D Approval: Revision Quashed as Jurisdictionally Flawed

PCIT Cannot Revise U/s 153C Order Without First Upsetting U/s 153D Approval

Applicability of Section 269SS of Income Tax Act, 1961 to Director’s Current Account Transactions

ITAT Delhi Quashes Reassessment Over Missing Section 143(2) Notice

Co-op Housing Society Wins U/s 80P Battle: Interest From Co-op Bank Qualifies for Deduction

Trust Outside 115BBDA Net: Dividend Remains Exempt u/s 10(34)

Section 10(46A) Income Tax Exemption Granted to Punjab Urban Planning Authority

Section 10(46) Exemption Granted to New Okhla Industrial Development Authority

CBDT Notification Clarifies Appellate Authority for Search and Survey Assessments
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.

