Income Tax
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Interest from deposits made in compliance with statutory requirement is eligible for deduction u/s. 80P(2)(a)(i)
Granting of mechanical approval u/s. 153D without application of mind is illegal
Extension of due date for filing of ITRs for Assessment Year 2025-26
ITAT Mumbai Sends Builder’s ₹3 Cr On-Money & 43CA Dispute Back to CIT(A) for Fresh Hearing
Case Laws That Changed India’s Income Tax Law
Mechanical “Approved” Sanction Void – ₹8.11 Cr Additions Deleted by ITAT Delhi
No Fair ALP Without Upper Turnover Cap in TP Comparables ITAT Cochin
Delhi HC Upholds Locker Search: ₹4.6 Cr Bullion & Jewellery Seizure Valid – CBDT Instruction No. 1916 No Shield
No Section 40(a)(i) Disallowance for Purchases from Foreign AEs without PE in India: Delhi HC
Income Tax: A legal & policy analysis: How system transformed- before & now
PF/ESI Deduction Denied for Late Deposit, Allowed for Holiday – 143(1) Adjustment Upheld
Employees contribution to EPF & ESI to be made on or before due date as per respective labour law
Controversy on Section 153D Approvals Without Application of Mind
Madras HC Nixes Reassessment: Change of Opinion Cannot Justify Reopening
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.
