Income Tax
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Reassessment Invalid When Section 148 Notice Lacks Jurisdiction
Reopening under Section 147 Invalid Where Search Material Triggers Section 153C
Appeal Delays Linked to Administrative Overload, Not Income Tax Officer Negligence: ITGOA
Income Tax Officers Seek Relief From Penalties Caused by System-Driven Delays
Corpus Donations Allowed Despite Cash Collection and Minor Lapses
On-Money Additions Deleted: Loose Digital Data & Third-Party Statements Not Enough
Section 80P Deduction Allowed on Interest From Co-operative Banks
Section 69A Addition Quashed Where Presumptive Income Was Declared
Corporate Tax Rate Applicable for AY 2021-22, 2022-23, 2023-24, 2024-25, 2025-26 & 2026-27
Why Co-operative Society Deposits Can Cost Charitable Trusts Their Tax Exemption
Taxation of Indian and foreign Income for Indian and foreign Citizens
Reassessment Quashed as No Addition Made on Original Reopening Issue
Mere Claims of Cheque Discounting Insufficient to Explain Bank Credits: ITAT Surat
ITAT Quashes 50C Addition Citing Valuation Typo and Higher Consideration
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.
