Income Tax
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Lower GP Alone Cannot Justify Profit Estimation Without Rejection of Books: ITAT Mumbai

No Bills Does Not Mean No Building—ITAT Restores Section 54F Claim

Stamp Value Cannot Create Property Not Received: ITAT Mumbai

Gujarat HC Quashes Reassessment for Denying 7 Days under Section 148A(b)

Wrong Sanction, Facts & Double Addition Sink ₹1,053 Crore Reassessment

Software Migration Cannot Migrate Cash into Unexplained Money: ITAT Bangalore

No Rule 37BA Declaration? TDS Credit Cannot Be Denied: ITAT Jodhpur

Presumptive Taxation under Section 44AD: Eligibility, Turnover Limit & Tax Rates

Income Tax Day 2026: From Tax Collection to Nation Building – India’s Next Tax Revolution

ITAT Rejects Search-Based Suspicion, Upholds Deletion of ₹28.50 Crore Addition U/s 68

ITAT Allows ₹94.85 Lakh u/s 80-IB on Scanned Form 10CCB

Entire Property Value Cannot Be Taxed for Non-Compliance: ITAT Mumbai

Call It “Souharda” or “Society”—Co-operation by Any Name Qualifies u/s 80P: Bangalore ITAT

Retracted Statements and Unverified Tally Data Cannot Prove Cash Loans: ITAT Mumbai
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.
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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.
