Income Tax
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Finality of Order: SC Judgment Cannot Retroactively Rectify ITAT Order
AO Cannot Exceed Section 151A Authority, Reassessment Notices Quashed
Pune ITAT Quashes 263 Revision: AO’s View on Section 80P Deduction Found Plausible
ITAT Mumbai Remands Case: Fresh Verification Ordered on Cost of Improvement in Capital Gains
Reassessment Collapses Without 143(2) Notice: ITAT Pune Sends Cash Deposit Case Back to CIT(A)
ITAT Chennai Deletes Section 271B Penalty for Commission Agent – Audit Not Required When Income Below Threshold
‘Seven Days Means Seven Days’: Karnataka HC Quashes Reassessment Notice for Procedural Haste
Software termination charge reimbursement to group entity for business purposes allowable
Rectification Can’t Rewrite Scrutiny Order: ITAT Quashes 80P Disallowance for Co-op Society
Karnataka HC Allows Condonation for 67-Year-Old Who Mistakenly Filed Form 68 Manually Instead of Online
No Double Deduction: ITAT Allows Separate Claims for Bad Debts – Sections 36(1)(vii) & 36(1)(viia)
Reopening on Borrowed Belief from ACB Quashed – Tribunal holds 147 invalid & 263 unsustainable
Late Tax Payment Not Wilful Evasion: Madras HC Quashes Section 276C(2) Prosecution
Precision in Penalty: Why Misreporting Must Be Pinpointed Under Section 270A
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.
