Income Tax
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Block Assessment Quashed for Lack of Section 143(2) Notice: Delhi HC
Section 12AB Registration Rejected Over Object Allowing Activities Outside India: ITAT Mumbai
Section 12AB Registration Denied to Trust Benefiting Particular Community: ITAT Ahmedabad
Section 68 Addition Deleted as Demonetisation Cash Deposits Matched Recorded Sales: ITAT Lucknow
Section 68 Addition Deleted as Demonetisation Cash Deposits Came From Recorded Debtors: ITAT Lucknow
Section 69A Addition Deleted as Demonetisation Cash Deposits Matched Recorded Sales: ITAT Chennai
Cash Sales During Demonetisation Cannot Be Rejected on Mere Suspicion: ITAT Delhi
Section 54F Exemption Allowed on Sale of Redeveloped Flat: ITAT Mumbai
Section 28 Land Acquisition Interest Exempt as Enhanced Compensation: ITAT Delhi
AO Cannot Reject Assessee’s Chosen Rule 11UA Valuation Without Defect: ITAT Delhi
Share Valuation Must Follow Rule 11UA Applicable for Relevant AY: Delhi HC
Bogus Purchase Addition Cannot Be Based on Suspicion Alone: ITAT Chennai
Section 69 Addition Deleted as No Evidence Linked Joint Holder to Alleged On-Money: ITAT Mumbai
No Section 271(1)(c Penalty on Additional Income Declared in Section 153A Return: ITAT Delhi
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.
