Income Tax - Page 10

ITCG cannot be held bogus merely on human probabilities or surmises

Mahavir Jhanwar Vs ITO (ITAT Kolkata)

Mahavir Jhanwar Vs ITO (ITAT Kolkata) The sole issue that arises for my adjudication is whether the Assessing Officer was right in rejecting the claim of the assessee that he had earned Long Term Capital Gains on purchase and sale of the shares of M/s Unno Industries. The AO based on a general report and […]...

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Office Order No. 111 of 2019 – Additional Charge in CCIT grade

Office Order No. 111 of 2019 (13/05/2019)

Office Order No. 111 of 2019The following officers are hereby ordered to hold the additional charge of the post(s), mentioned against their names, in addition to their substantive charge, with immediate effect and until further orders:...

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Order No. 110/2019 Transfer & Posting in the grade of Pr. CCIT

Office Order No. 110 of 2019 (13/05/2019)

Office Order No. 110 of 2019 The following officers, who were promoted to the grade of Pr. Chief Commissioner of Income Tax, vide CBDT's Office Orders No.49 of 2019 dated 09.03.2019 and No. 98 of 2019 dated 30.04.2019, are hereby posted, with immediate effect and until further orders, as under:...

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How to download Form 16 & PDF Converter Utility

Article contains Brief Steps for Downloading Form 16,  Important Information on Form 16 and  Pictorial Guide for Downloading Form 16 and PDF Converter Utility V1.4 L. 1. Brief Steps for Downloading “Form 16”. Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step ...

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Posted Under: Income Tax |

How to download Form 16A & PDF Converter Utility

Article contains Brief Steps for Downloading Form 16A, Important Information on Form 16A and Pictorial Guide for Downloading Form 16A and PDF Converter Utility V1.4 L. 1. Brief Steps for Downloading Form 16A Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step 2: [&he...

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Posted Under: Income Tax |

How to Download Conso file of TDS/TCS Statements (regular & correction)

Brief Steps for Downloading of Conso file ♠ Conso file is a consolidated data of the TDS / TCS  statements that are processed (regular and correction) for the relevant financial year, quarter and the form type ♠ Please check statement status under “Statement /Payment Tab” before raising the request for Conso file . Request for [&...

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Posted Under: Income Tax |

How to Download Justification Report of errors identified by TRACES

Brief Steps for downloading of Justification Report ♣ Please check statement status under “Statement /Payment Tab ” before raising the request for Justification Report. Request for Downloading Justification Report can only be Submitted when Statement Status is “Processed with Default”. ♣ Financial Year, Form type and Quarter f...

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Posted Under: Income Tax |

Why employee yearly statement needs to be collected after March & not during the year

As an employee we all dread the annual declaration statement that is required to be submitted to the Employer, which includes the income from other sources, Income from House property, details of deduction claimed, etc. ...

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Posted Under: Income Tax |

Dedication of fortnight from 16th May to clear pendency of Appeal Effect etc

No. CCIT/Ldh/Judl./2019-20/494 (15/05/2019)

I am directed to say that as per last year, this year also the Board has decided to dedicate the second fortnight of May, 2019 i.e. 16th to 31st May, 2019 to expeditious disposal of appeal effect and rectification claims of the taxpayers....

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How to Know PAN, TAN & GSTIN of Company/LLP by using its Name

As you all aware that Income tax department has now removed the ‘Know Your PAN’ service from its website and many of the people are facing difficulties to know the PAN of Company/LLP by using its name. Don’t worry; still there is an option to know the PAN, TAN & GSTIN number of the Company/LLP […]...

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Posted Under: Income Tax |

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.