Income Tax
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ITAT Mumbai Restricts Bogus Purchase Profit Addition to 5% Instead of 12.5%

Section 143(2) Notice by ITO Without Pecuniary Jurisdiction Invalid: ITAT Mumbai

608-Day Appeal Delay Condoned for Bona Fide Section 264 Revision: ITAT Mumbai

Surviving limitation period after Rajeev Bansal cannot be ignored: ITAT Mumbai

Reopening Invalid Where Partner Interest & Remuneration Clauses Are Not Mandatory: Gujarat HC

Received FAST-DS Email for Foreign Assets? Check AIS Before 31 December 2026

NRI Taxation of UAE Salary, Dividends & Business Income in India

Missing Irrevocability and Dissolution Clauses Cannot Deny 12AB Registration: ITAT Delhi

GST Turnover Difference Required Reconciliation, Not Automatic Addition: ITAT Bangalore

Vegetable Exports Are Not Automatically Agricultural Income: ITAT Bangalore

Trading Account Matched Survey Margin; ITAT Bangalore Deletes ₹12.50 Lakh Demonetisation Deposit Addition

ITAT Bangalore Remands 8% Profit Estimate on ₹3.79 Crore Turnover

Form 166 and the Foreign TIN Problem: What the Revised CBDT Guidance Note Changes for Reporting Financial Institutions

Foreign Remittances Were Examined Once; AO Could Not Reopen on the Same Material
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.
