Income Tax
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ITAT Allows Section 54B Deduction as Remand Report Confirmed Agricultural Use of Land
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ITAT Remands Property Sale Gain Addition as Purchase Cost Was Not Considered
ITAT Admits Additional Evidence as Delay Was Due to Accountant’s Son’s Medical Emergency
CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation
CBDT Approved University of Hyderabad for Scientific Research Tax Benefits
Tax Relief up to 12 Lakh in New Tax Regime, Yet ITR Filing is Still Mandatory
11 Situations Where Filing ITR Is Mandatory for AY 2026-27
ITAT Quashes Reassessment as Section 151 Approval Was Not Obtained from Competent Authority
Section 80P Deduction Allowed on Interest Income Attributable to Credit Society’s Business
Bangalore ITAT Upholds Section 11 Exemption Despite Alleged Capitation Fee Collections
ITAT Quashes Reassessment as Section 151 Approval Was Granted by Wrong Authority
ITAT Rejects Section 56(2)(viib) Addition as Shares Were Issued to Holding Company
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.
