Income Tax
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Penalty u/s 271AAB Deleted – ITAT Jaipur Rules Notice Defective & Income Not ‘Undisclosed’

AO’s Mechanical Satisfaction under Rule 8D Invalid – ITAT Deletes ₹3.65 Cr 14A Disallowance

TDS Demand Deleted: Section 194-I Prospective for NOIDA Lease Rent Payments

Electronic Upload on ITBA = Legal Receipt: Physical Delivery Irrelevant, Says Delhi HC

ITAT Kolkata Restores 12A Registration – Bengal Chamber of Commerce Recognised as Charitable Entity

Section 14A Amendment in 2022 Prospective – No Disallowance if No Exempt Income: ITAT Kolkata

Reassessment notice Against Non-Existent Entity After Amalgamation is invalid

Mass Rubber-Stamp Approval Under Section 153D Invalid: Delhi HC:

ITAT Accepts Consultant’s Advice & relocation as Reasonable Cause for Delay in Appeal

Mechanical Approval & Loose Papers Can’t Justify Additions – ITAT Delhi Deletes All Additions

Software & Consultancy Expenses Held Revenue & PF Delay Due to Sunday Accepted as Valid: ITAT Ahmedabad

ITAT Mumbai Deletes ₹34.65 Cr Loan Addition: Source-of-Source Not Applicable Before AY 2013-14

Reassessment Based on Change of Opinion Invalid – ITAT Delhi Quashes Section 147 Action

ITR Due Date Extension for AY 2025-26: Why this was necessary?
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.
