Income Tax
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Cash Deposits From Recorded Sales Cannot Be Added Without Rejecting Books: Chandigarh ITAT
ITAT Surat Deletes Section 271(1)(c) Penalty on Estimated Bogus Purchase Addition
New Charitable Trust Need Not Prove Completed Activities for Section 12AA Registration: Calcutta HC
ITAT Chennai Allows MRF’s Retention Money, Forex Premium and Warranty Claims
Madras HC Sets Aside Reassessment Orders Over Section 151 Approval & Limitation
SC Dismisses SLP Against Assessment Quashed for Untimely Section 143(2) Notice
Delhi HC Quashes Assessment for Failure to Issue Timely Section 143(2) Notice
ITAT Jodhpur Condones 118-Day Delay and Remands Section 68 Addition for Fresh Verification
TDS Credit Cannot Be Denied to Employee for Employer’s Non-Deposit: Delhi HC
Section 12A Registration Not Required for Section 10(23C)(iiiad) Exemption: Kolkata ITAT
ITAT Surat Quashes Reassessment Notice Issued to Deceased Assessee
Rajkot ITAT Quashes Reassessment for Time-Barred Section 148 Notice
Entire Income Tax Refund Cannot Be Withheld Against Small Demand: Delhi HC
ITAT Restricts Section 14A Disallowance to Exempt-Income Yielding Investments
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.
