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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Income TaxPenalty for Unsecured Loans Not Automatic Merely for Section 68 Addition: ITAT Bangalore
Income Tax

Penalty for Unsecured Loans Not Automatic Merely for Section 68 Addition: ITAT Bangalore

CA Vijayakumar Shetty3 months ago
Income TaxCIT(E) Cannot Reject 12AB Registration Merely Because Trust Is Religious: Bangalore ITAT
Income Tax

CIT(E) Cannot Reject 12AB Registration Merely Because Trust Is Religious: Bangalore ITAT

CA Vijayakumar Shetty3 months ago
Income TaxBangalore ITAT: Teaching Arabic & Islamic Studies Is “Education”, Not Religious Activity – U/s 12AB & 80G Approval Directed
Income Tax

Bangalore ITAT: Teaching Arabic & Islamic Studies Is “Education”, Not Religious Activity – U/s 12AB & 80G Approval Directed

CA Vijayakumar Shetty3 months ago
Income TaxBangalore ITAT Grants Relief in Section 50C Addition – DVO Valuation in Co-Owner’s Case Accepted Over Stamp Duty Value
Income Tax

Bangalore ITAT Grants Relief in Section 50C Addition – DVO Valuation in Co-Owner’s Case Accepted Over Stamp Duty Value

CA Vijayakumar Shetty3 months ago
Income TaxITAT Deletes Addition Because Stamp Duty Value Ignored Illegal Construction
Income Tax

ITAT Deletes Addition Because Stamp Duty Value Ignored Illegal Construction

CA Vijayakumar Shetty3 months ago
Income TaxBangalore ITAT Slashes Estimated Profit from 15% to 7% – Best Judgment Assessment Cannot Be a “Blind Guess”
Income Tax

Bangalore ITAT Slashes Estimated Profit from 15% to 7% – Best Judgment Assessment Cannot Be a “Blind Guess”

CA Vijayakumar Shetty3 months ago
Income TaxMumbai ITAT in Sonu Sood Case: Fresh Statement u/s 131 During Search Can Reopen Completed Assessments
Income Tax

Mumbai ITAT in Sonu Sood Case: Fresh Statement u/s 131 During Search Can Reopen Completed Assessments

CA Vijayakumar Shetty3 months ago
Income TaxWhen Filing Income Tax Return Is Compulsory Even Without Taxable Income
Income Tax

When Filing Income Tax Return Is Compulsory Even Without Taxable Income

Manish Gugliya3 months ago
Income TaxSC Allows Deduction of Grants as They Were Part of Statutory Business Activity
Income Tax

SC Allows Deduction of Grants as They Were Part of Statutory Business Activity

CA Sandeep Kanoi3 months ago
Income TaxService PE Not Created as Only Unique Solar Days Count Under India-US DTAA
Income Tax

Service PE Not Created as Only Unique Solar Days Count Under India-US DTAA

CA Jatin Minocha3 months ago
Income TaxTelangana HC Quashes Reassessment by Jurisdictional AOs After Faceless Scheme Implementation
Income Tax

Telangana HC Quashes Reassessment by Jurisdictional AOs After Faceless Scheme Implementation

ADV AKRUTI GOYAL (CA)3 months ago
Income TaxWhat is Income Tax Form 157 and Who Needs to File It?
Income Tax

What is Income Tax Form 157 and Who Needs to File It?

Dr. Suresh Surana3 months ago
Income TaxSection 56(2)(x) Not Applicable Before 01.04.2017: ITAT Delhi
Income Tax

Section 56(2)(x) Not Applicable Before 01.04.2017: ITAT Delhi

CA AJAY KUMAR AGRAWAL3 months ago
Income TaxITAT Allows Section 54B Deduction as Agricultural Land Was Purchased Within Two Years
Income Tax

ITAT Allows Section 54B Deduction as Agricultural Land Was Purchased Within Two Years

CA AJAY KUMAR AGRAWAL3 months ago

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.