Income Tax
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Low Income Doesn’t Mean Low Creditworthiness: AO Must Investigate U/s 68
ITAT Mumbai Restricts Section 271AAB Penalty on Unreconciled Jewellery to 10%
ITAT Ahmedabad Allows Section 87A Rebate on STCG under Section 111A for AY 2025-26
ITAT Deletes Section 68 Addition on Trade Creditors, Rejects Profit Estimation
Profit Below ₹50 Lakh Bars Reopening Beyond 3 Years: ITAT Delhi
Bona Fide Short Delay with Diligent Pursuit in Tax Appeal Deserves Condonation: HP HC
Section 80C Claim via Revised Return allowed under Section 119(2)(b): ITAT Ahmedabad
Survey Surrender is Business Income, ITAT Chandigarh Rejects 115BBE Rate
ITAT Deletes Section 50C Addition as 10% Tolerance Limit Applies Retrospectively
Madras HC Sets Aside 245D(4) Rejection for Bias and Denial of Hearing
No Section 41(1) or 68 Addition on Suspicion: ITAT Mumbai
Tax Audit FY 2025-26: Section 44AB, Form 3CD Nuances & AY 2026-27 Changes
Income Tax & GST Dahi Handi: Five Layers of the Tax Pyramid
HUF Tax Rules 2026-27: New Regime, Slabs, Deductions & Tax Planning
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.
