Income Tax
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WhatsApp Chats & Excel Sheets Can’t Justify Taxing Gross Receipts: ITAT Mumbai
Section 148A(b) Notice Giving Less Than 7 Days Is Unsustainable: Karnataka HC
Reassessment Quashed for Ignoring Assessee’s Reply: Karnataka HC
Department Directed to Decide Refund of Excess Tax Recovery: Karnataka HC
Reassessment Quashed for Non-Service of Section 148A(b) Notice: Karnataka HC
Business Advance Not Taxable as Forfeiture Due to Passage of Time: Karnataka HC
Assessment Order Treated as Fresh SCN; Demand Quashed: Karnataka HC
Section 68 Addition Not Sustainable Once Lender’s Source Is Taxed: ITAT Chennai
Section 69A Addition Cannot Rest on Time Gap Alone: ITAT Chennai
Section 56(2)(x) Addition Not Warranted on Guideline Value Alone: ITAT Chennai
Capital Gains Issue Remanded to Verify Rural Agricultural Land Claim: ITAT Chennai
ITAT Deletes Section 68 Addition on Explained Demonetisation Cash Deposits
Section 263 Revision Set Aside as AO Conducted Proper Inquiry: Bombay HC
Who Is Liable for Tax Audit Under Income Tax Act, 2025?
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.
