Income Tax
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Business Loss Set-Off Against STCG from Business Asset Sale: ITAT Remands to AO

AO Cannot Reopen Assessment Beyond Grounds Mentioned in Section 148A(b) Notice

Income Tax Reassessment Beyond 3 Years Barred If Escaped Income Below ₹50 Lakhs

Kerala HC Quashes Income Tax Reassessment Notice Issued on Cancelled PAN

ITAT Upholds Addition for Agricultural Income Jump Deemed Unbelievable

Portal Drop-Down Issue: ITAT Permits Re-Filing of Section 10(23C) Registration Application

HC Quashes Income Tax Assessment Due to Non-Service of SCN on Updated Email ID

Chhattisgarh HC Restores Tax Case Against SECL Dismissed Earlier for Procedural Default

Assessee’s Illiteracy & Reliance on Accountant Accepted as Reasonable Cause by ITAT

ITAT Deletes Sections 271(1)(c) & 270A Penalties for Bogus Section 80C Claims

No Penalty for Bona Fide & Debatable Claim of Depreciation & Interest on TDS

No Penalty for Genuine Mistake in Disclosure of Income Tax Refund Interest

ITAT Quashes Assessment & Revision Proceedings Due to Invalid Section 143(2) Notice Format

Assessment Order Void Ab Initio as 143(2) Notice Not Mentions Scrutiny Type
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.

