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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 TaxBorrowed Satisfaction: Guwahati ITAT Quashes 147 Reopening & 68 Addition on Alleged F&O Loss
Income Tax

Borrowed Satisfaction: Guwahati ITAT Quashes 147 Reopening & 68 Addition on Alleged F&O Loss

CA Vijayakumar Shetty8 months ago
Income TaxAddition quashed as cash deposit during demonetization was redeposit of cash already withdrawn
Income Tax

Addition quashed as cash deposit during demonetization was redeposit of cash already withdrawn

POONAM GANDHI8 months ago
Income TaxReopening for Section 68 but Taxing u/s 115BBC Is Jurisdictional Mismatch: Pune ITAT Quashes Reassessments
Income Tax

Reopening for Section 68 but Taxing u/s 115BBC Is Jurisdictional Mismatch: Pune ITAT Quashes Reassessments

CA Vijayakumar Shetty8 months ago
Income TaxOmnibus Section 153D Approval Invalid, Entire Search Assessment Quashed
Income Tax

Omnibus Section 153D Approval Invalid, Entire Search Assessment Quashed

CA Vijayakumar Shetty8 months ago
Income TaxStamp Value Disputed, Section 50C Cannot Apply Without DVO
Income Tax

Stamp Value Disputed, Section 50C Cannot Apply Without DVO

CA Vijayakumar Shetty8 months ago
Income Tax₹94.89 Lakh U/s 69A Addition Remanded Due to Medical Emergency
Income Tax

₹94.89 Lakh U/s 69A Addition Remanded Due to Medical Emergency

CA Vijayakumar Shetty8 months ago
Income TaxSearch Jewellery Addition Cut for Arbitrary Expense Estimation
Income Tax

Search Jewellery Addition Cut for Arbitrary Expense Estimation

CA Vijayakumar Shetty8 months ago
Income TaxPenalty Under Section 270A Deleted After 153A Assessment Fails
Income Tax

Penalty Under Section 270A Deleted After 153A Assessment Fails

CA Vijayakumar Shetty8 months ago
Income TaxEarlier Section 263 Action Cannot Justify Fresh 153C Assessment
Income Tax

Earlier Section 263 Action Cannot Justify Fresh 153C Assessment

CA Vijayakumar Shetty8 months ago
Income TaxSection 68 Addition Deleted for Ignoring Peak Credit
Income Tax

Section 68 Addition Deleted for Ignoring Peak Credit

CA Vijayakumar Shetty8 months ago
Income TaxUnderstanding Marginal Relief: A Fairness Mechanism Built into Income Tax
Income Tax

Understanding Marginal Relief: A Fairness Mechanism Built into Income Tax

CA Jyothi Chaitanya Mummidisetty8 months ago
Income TaxNon-Compete Fee Paid to Protect Business is Revenue Expenditure: SC
Income Tax

Non-Compete Fee Paid to Protect Business is Revenue Expenditure: SC

Adv (CA) Vijay Gupta8 months ago
Income TaxHigher Depreciation on Goods Vehicles Cannot Be Denied at CPC Stage: ITAT Bangalore
Income Tax

Higher Depreciation on Goods Vehicles Cannot Be Denied at CPC Stage: ITAT Bangalore

Adv (CA) Vijay Gupta8 months ago
Income TaxTDS Credit Cannot Be denied by CPC Without Proper Verification: ITAT Pune
Income Tax

TDS Credit Cannot Be denied by CPC Without Proper Verification: ITAT Pune

CA Jatin Minocha8 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.