Income Tax
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Foreign Tax Credit Allowed Despite Delay in Form 67 – Procedural Lapse Not Fatal
Cash Deposits from Car Booking Advances Explained: ITAT Deletes ₹27.40 Lakh Addition u/s 69A
ITAT Mumbai: On-Money Addition Crumbles Without Evidence – Platinum Mall Case
Reassessment Quashed: 148 Notice Issued Post 01.04.2021 Without Following New Law Held Invalid
PF/ESI Delay Disallowance Remanded: ITAT Reopens Issue Amid Supreme Court Doubt on Checkmate
Penny Stock Addition Deleted – Documentary Evidence Overrides Suspicion
ITAT Mumbai: Scholarship to Students Abroad Not Violation – 12AB & 80G Registration Granted
ITAT Mumbai: Reassessment Void for Faceless Violation – ₹1.64 Cr Addition Collapses
Gujarat HC Set Aside Delay Condonation Rejection for Exceeding Scope of Inquiry
Land classified as agricultural in revenue records cannot be taxed as a capital asset
Section 148 Proceedings Invalid When Based on Previously Considered Information
Addition on Foreign Remittance Set Aside Due to Failure to Examine Evidence: ITAT Delhi
Kerala HC Grants Fresh Chance to Explain 542-Day Delay in Income Tax Appeal Before ITAT
Unexplained Cash Balance Upheld as Income Due to Lack of Proof of Gift Source
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.
