Income Tax
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Form 26AS TDS Credit Cannot Be Denied Merely Because Income Is Clubbed in Spouse’s Hands: Kolkata ITAT
Surat ITAT Remands ₹3.24-Crore Bank Credit Addition for PAN & Turnover Verification
Kolkata ITAT Condones 59-Month Delay: Section 154 Rectification Pursuit Constitutes ‘Sufficient Cause’
Visakhapatnam ITAT Restores ₹80.66-Lakh Bank Deposit Additions: Housewife Gets Fresh Opportunity
Kolkata ITAT Deletes ₹90.84-Crore Section 69A Addition: Forex Turnover Not Unexplained Money
Delhi ITAT: Belated Form 10 Alone Cannot Defeat Trust’s Section 11(2) Exemption
Delhi ITAT Deletes ₹37.79-Lakh Cash Addition: No Double Tax in Joint Holder’s Hands
Rajkot ITAT Restricts Vehicle-Purchase Addition to 10%; Holds Section 115BBE Inapplicable
Delhi ITAT Deletes ₹14-Lakh Bogus Purchase Addition on Genuine Supplier Transactions
Delhi ITAT Quashes Reassessment Framed Under Old Regime After 1 April 2021 Notice
BSNL VRS Compensation Is Fully Exempt as Retrenchment Compensation: ITAT Pune
DCF Valuation Cannot Be Judged with Hindsight: Delhi ITAT Deletes ₹168.31 Share-Premium Addition
Section 80-IA Deduction Is Based on Tax-Adjusted Profits, Not Restricted to Book Profits: Pune ITAT
Pune ITAT Restricts Section 69A Addition to 12% of Cash Deposits
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.
