Income Tax
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200% Section 270A Penalty Invalid Unless Specific Misreporting Limb Is Identified: Bangalore ITAT
Bangalore ITAT: No 5% Profit Estimation Without Specific Defects in Audited Books
AO’s Wrong Tax Computation Justifies Condonation of Appeal Delay: Delhi ITAT
General Investigation Report Cannot Override Transaction-Specific Evidence: Delhi ITAT
When Assessee Is Liable to Tax Audit Under Section 63 of Income Tax Act, 2025?
No Section 201 Default for Pre-2017 Lease Rent Paid to Greater NOIDA Authority: Delhi ITAT
Section 153C Block Starts from Seized Material Receipt: Delhi ITAT
CIT(A) Must Independently Examine Evidence and Decide Appeal on Merits: Delhi ITAT Restores Addition
Pune ITAT Restores ₹84.25 Lakh Ex Parte Addition Over Property Reported Twice
Pune ITAT Restores Reassessment as Recorded Reasons Were Not Furnished to Assessee
CPC Cannot Deny Section 87A Rebate on Debatable STCG Issue: ITAT Jaipur
Bangalore ITAT Restores ₹34.10 Lakh Section 54 Claim, Rejects CIT(A) Non-Prosecution Dismissal
Bangalore ITAT Deletes Section 68 Addition on Specified Bank Note Deposits by Co-op Society
Bangalore ITAT Remands ₹14.07 Lakh Deposits & Investments Case of Disabled Agriculturist
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.
