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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 TaxCan Interest on home loan be added to cost of acquisition when computing capital gains?
Income Tax

Can Interest on home loan be added to cost of acquisition when computing capital gains?

CA Aman Rajput8 months ago
Income TaxMechanical Invocation of Section 263 at AO’s Behest Held Bad in Law
Income Tax

Mechanical Invocation of Section 263 at AO’s Behest Held Bad in Law

CA Sayyad Sadak8 months ago
Income TaxSection 271D Penalty Fails Without AO Satisfaction or Pending Assessment Proceedings
Income Tax

Section 271D Penalty Fails Without AO Satisfaction or Pending Assessment Proceedings

CA Sayyad Sadak8 months ago
Income TaxJAO-Issued Section 148 Notice Held Void Under Faceless Scheme
Income Tax

JAO-Issued Section 148 Notice Held Void Under Faceless Scheme

CA Vijayakumar Shetty8 months ago
Income TaxRevision u/s. 263 for non-verification of notional interest not justified as it is taxable only on maturity
Income Tax

Revision u/s. 263 for non-verification of notional interest not justified as it is taxable only on maturity

POONAM GANDHI8 months ago
Income TaxComparable Excluded Due to Functional Dissimilarity in Software Development Transfer Pricing
Income Tax

Comparable Excluded Due to Functional Dissimilarity in Software Development Transfer Pricing

CA Sandeep Kanoi8 months ago
Income TaxDeemed Dividend Not Attracted Because Advances Arose from Genuine Commercial Transactions
Income Tax

Deemed Dividend Not Attracted Because Advances Arose from Genuine Commercial Transactions

CA Sandeep Kanoi8 months ago
Income TaxSection 263 Revision Quashed as AO Examined Depreciation on Goodwill: Gujarat HC
Income Tax

Section 263 Revision Quashed as AO Examined Depreciation on Goodwill: Gujarat HC

CA Sandeep Kanoi8 months ago
Income TaxRevised Form 10 Filed During Assessment Held Valid for Accumulation Claim of Trust
Income Tax

Revised Form 10 Filed During Assessment Held Valid for Accumulation Claim of Trust

CA Sandeep Kanoi8 months ago
Income TaxSC Upholds Bar on Clubbing Syndicate Income With Individual Assessee
Income Tax

SC Upholds Bar on Clubbing Syndicate Income With Individual Assessee

editor78 months ago
Income TaxBogus Purchase Addition Fails Without Incriminating Material Under Section 153A
Income Tax

Bogus Purchase Addition Fails Without Incriminating Material Under Section 153A

CA Sandeep Kanoi8 months ago
Income TaxSection 154 Rectification Order Quashed as Order Passed Before Hearing Date
Income Tax

Section 154 Rectification Order Quashed as Order Passed Before Hearing Date

CA Sandeep Kanoi8 months ago
Income TaxCAM Charges Not Rent, TDS Under 194C Upheld by SC Due to Nature of Payment
Income Tax

CAM Charges Not Rent, TDS Under 194C Upheld by SC Due to Nature of Payment

CA Sandeep Kanoi8 months ago
Income TaxReassessment Quashed Due to Limitation After Supreme Court Time Exclusions
Income Tax

Reassessment Quashed Due to Limitation After Supreme Court Time Exclusions

CA Sandeep Kanoi8 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.