Income Tax
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No TDS on Reinsurance Payments; Insurance Companies Not Liable for MAT: Madras HC
SC Dismisses Appeal Due to Delay, Upholds Time-Barred Reassessment Notice Ruling
Delhi HC Quashed Reassessment Notice as Issued Beyond Six-Year Limitation Period
Higher Depreciation Allowed on UPS as Integral Part of Computer: Delhi HC
Non-service of statutory notice prior to initiation of proceedings u/s. 148 not tenable: Matter remitted
Registration u/s. 12AB cannot be rejected without examining incidental nature of receipts: Matter restored
Tax Deduction for Startups under Section 140 of Income Tax Act 2025
Unexplained Cash Deposits Addition Reduced Because Only Peak Balance Taxable: ITAT Ahmedabad
ITAT Delhi Invalidates 153C Proceedings Because Satisfaction Note Lacked Income Link
Chhattisgarh HC Set Aside Reassessment Order Due to Non-Compliance with SC Rulings
Section 271(1)(c) Penalty Upheld Due to Non-Bona Fide Claims & Failure to Disclose Income
Gujarat HC Quashed Reassessment Notice Issued Beyond 10-Year Limitation Period
Delay in Appeal Condoned Due to Genuine Lack of Awareness by Senior Citizen Assessee
Addition of Entire Bank Credits: ITAT Allows Fresh Hearing Due to Violation of Natural Justice
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.
