Income Tax
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Cash payments to Kerala Electricity Board not hit by section 40A(3): ITAT Cochin

ITAT Sends ₹5.56 Cr Demonetization Cash Deposit Case for Fresh Review

Mechanical approval u/s 153D vitiates entire assessment: ITAT Delhi

No Section 69 Addition When Cash Book Shows No Negative Balance: ITAT Delhi

No Books, No Audit – ITAT strikes down 271B Penalty

No Activity Requirement to Deny 12AB & 80G for Newly Formed Charities: ITAT Delhi

Assessment issues cannot justify 12A Registration Cancellation: Cochin ITAT

Unutilised Surplus of statutory body not taxable once covered u/s 10(46)

ITAT Remands ₹4.10 Cr Commission Income Dispute for Fresh Assessment

Bad Debt Relief Under 36(1)(vii) Possible Despite 36(1)(viia) Disallowance: ITAT Cochin

No prosecution u/s 276CC without Wilful Default- Acquittal upheld: Delhi HC

ITAT Hyderabad Quashes Reopening: No Second Bite on Gift Addition – Change of Opinion Not Allowed

Delhi HC Upholds Prosecution in ₹700 Cr Accommodation Entry Case

New Income Tax Bill, 2025 and comparison of Old vs New
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.

