Income Tax
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Section 263 Revision Cannot Apply Where AO Conducted Specific Enquiry & Accepted Reimbursement: Bombay HC
Rajasthan HC Sets Aside Benami Property Orders Over Denial of Cross-Examination
ITAT Rajkot Allows Section 87A Rebate on Section 111A Gains for AY 2025-26
ITAT Indore Quashes Penalty for Defective Section 274 Notice Without Specific Charge
Gujarat HC Condones 712-Day Delay in ITAT Appeal to Advance Substantial Justice
ITAT Bangalore Rejects Rectification Plea Over ₹205.90 Crore Recovery During Stay
ITAT Mumbai Dismisses Time-Barred Cross Objection Filed After Six Years
ITAT Ahmedabad Upholds Section 80GGC Disallowance on Bogus Political Donation
ITAT Jaipur Deletes Cash Additions on Telescoping & “Dumb Document” Evidence
Rajasthan HC Holds Pending Section 143(1) Appeal No Bar to Reassessment
Section 14A Inapplicable to Mutuality-Based Non-Taxable Interest: ITAT Mumbai
SC Grants Leave in Tax Appeal Over Business Income and Ad Hoc Disallowance
Charitable Trust’s Pre-Operative Costs Cannot Be Carried Forward: ITAT Mumbai
NRI Desk Expenses Attract Section 44C; 36(1)(viia) Deduction to Precede It: ITAT Mumbai
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.
