Income Tax
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Commercial Complex on MSRTC Land Generates Business Income, Not House Property Income: Mumbai ITA
Prior Period Expense allowable If Liability Crystallises Later: Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL
No Specific Charge, No Penalty: Mumbai ITAT Cancels Section 270A Levy for Defective Notice
ITAT Allows Section 54F Deduction as Substantial Construction & Habitable House Were Established
Foreign Assets, RSUs and Foreign Bank Accounts in ITR: Schedule FA Reporting, Notices & Penalty
ITAT Deletes Section 68 Addition as Suspicion Cannot Replace Evidence in Penny Stock Case
Karnataka HC Remands Reassessment Case as SC Directed Fresh Review After Section 147A Amendment
Section 148 Notice by JAO Remanded by ITAT Nagpur for Reconsideration
ITAT Upholds ₹37.20 Lakh Addition Because Survey Found Unaccounted Excess Stock
Reassessment Quashed as AO Relied on Incorrect AIR Information: ITAT Amritsar
Reassessment Quashed as Reasons Recorded Were Based on Incorrect Facts on Return Filing
Reassessment Quashed as Reasons Recorded Contained Wrong Return Date & Income Figures
Taxation of Co-operative Societies under New Income Tax Act, 2025
Disallowance of Car & Telephone Expenses Deleted as Company Cannot Have Personal Expenses
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.
