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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 TaxAddition u/s. 68 towards cash deposit during demonetization unwarranted as genuineness of cash sales proved
Income Tax

Addition u/s. 68 towards cash deposit during demonetization unwarranted as genuineness of cash sales proved

POONAM GANDHI8 months ago
Income TaxITAT Deletes Additions for Alleged Bogus Purchases & Unproved Unsecured Loans
Income Tax

ITAT Deletes Additions for Alleged Bogus Purchases & Unproved Unsecured Loans

CA Vijayakumar Shetty8 months ago
Income TaxHUF Gift to Member: Why It Should Be Treated as Exempt Under Section 10(2)?
Income Tax

HUF Gift to Member: Why It Should Be Treated as Exempt Under Section 10(2)?

POONAM GANDHI8 months ago
Income TaxNon-Faceless 148 Notice Rule of Law Prevails: JAO-Issued U/s 148 Notice Post-Scheme Declared Void
Income Tax

Non-Faceless 148 Notice Rule of Law Prevails: JAO-Issued U/s 148 Notice Post-Scheme Declared Void

CA Vijayakumar Shetty8 months ago
Income TaxReopening Collapses: 148 Notice by Jurisdictional AO After 29.03.2022 Held Void ab initio
Income Tax

Reopening Collapses: 148 Notice by Jurisdictional AO After 29.03.2022 Held Void ab initio

CA Vijayakumar Shetty8 months ago
Income TaxSection 148 Notice by JAO After Faceless Regime? Chennai ITAT Quashes Both Reassessments
Income Tax

Section 148 Notice by JAO After Faceless Regime? Chennai ITAT Quashes Both Reassessments

CA Vijayakumar Shetty8 months ago
Income TaxFaceless Assessment Scheme Mandatory for Section 148 Notices
Income Tax

Faceless Assessment Scheme Mandatory for Section 148 Notices

CA Vijayakumar Shetty8 months ago
Income TaxEntire Derivative Loss Addition Deleted for Lack of Evidence & Reliance on Invalid SEBI Order
Income Tax

Entire Derivative Loss Addition Deleted for Lack of Evidence & Reliance on Invalid SEBI Order

CA Vijayakumar Shetty8 months ago
Income TaxExgratia Provision Sent Back to AO; Double Disallowance on Leave Encashment Deleted
Income Tax

Exgratia Provision Sent Back to AO; Double Disallowance on Leave Encashment Deleted

CA Vijayakumar Shetty8 months ago
Income TaxNo Proof, No Addition: ITAT Deletes ₹25 Crore 69A Cash-Loan Allegation
Income Tax

No Proof, No Addition: ITAT Deletes ₹25 Crore 69A Cash-Loan Allegation

CA Vijayakumar Shetty8 months ago
Income TaxP&H HC Upheld Registration Under Section 12AA – SC Declines Interference
Income Tax

P&H HC Upheld Registration Under Section 12AA – SC Declines Interference

CA Sandeep Kanoi8 months ago
Income Tax938 Days Delay Condoned as Appeal Was Wrongly Treated as Withdrawn
Income Tax

938 Days Delay Condoned as Appeal Was Wrongly Treated as Withdrawn

Manohar Samal8 months ago
Income TaxBlock Period Income Taxed at 60%: When Does Surcharge Become Mandatory?
Income Tax

Block Period Income Taxed at 60%: When Does Surcharge Become Mandatory?

CA THOTA RAMESH8 months ago
Income TaxSection 147 Reassessment Restored as CIT(A) Misread AO’s Findings
Income Tax

Section 147 Reassessment Restored as CIT(A) Misread AO’s Findings

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.