Income Tax
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Trust Can Reapply for 80G Registration After CBDT Extends Form 10AB Deadline: Karnataka HC
Section 14A Disallowance Limited to Investments Yielding Exempt Income: ITAT Mumbai
SC Directs disposal of Educational Institution’s Tax Refund Appeal in 2 Months
Section 10(23C)(iiiad) Shields School – AO Cannot Invoke Section 11(5)
Suspicion Can’t Replace Proof- Tribunal Slams Suspicion-Based Additions
Photocopy of WhatsApp Agreement Not Evidence – Search Assessments Must Rely on Cogent Proof
Genuine Loans from Close Relatives Cannot Be Doubted: ITAT Chandigarh Deletes Addition
Mere Mention of Religious Objects Not Enough to Deny Section 80G Approval
WhatsApp Chat Alone Not Evidence – ITAT Chandigarh Quashes ₹1.12 Cr Addition
ITAT Quashes 263 Order: PCIT Cannot Fish for Enquiries in Faceless Assessment
ITAT Delhi Upholds Reopening u/s 147 – GP on Cash Deposits Reduced to 4%
Once Books Rejected, Profit Estimation Must Rely on Industry Data: ITAT Mumbai
Exemption u/s 10(23C)(vi) Cannot Be Denied for Delay in Filing Audit Report: ITAT Kolkata
Accommodation Entry Case: ITAT Cuts Commission Rate to ₹8,000 per Cr, Upholds Penalty
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.
