Income Tax
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ITAT Allows Section 80JJAA Deduction as Return & Form 10DA Were Filed Within Due Date
Section 69A Addition Cannot Be Based on Loan or Purchase Advance Discrepancy
Assessment Quashed for Failure to Decide Reopening Objections Before Completion of reassessment
ITAT Order Quashed as Fresh Evidence Was Accepted Without Following Rule 46A
ITAT Delhi Deletes Section 271AAB Penalty as SCN Did Not Specify Applicable Clause
ITAT Upholds Addition as Unsupported Gold Deposit Agreements Failed to Explain Excess Stock
ITAT Deletes Section 69A Addition as Agricultural Income Was Supported by Documentary Evidence
Non-Mention of Sections 69 to 69D Cannot Defeat Unexplained Cash Addition: ITAT Hyderabad
ITAT Allows 12AB Registration as Wrong Section Code in Form 10AB Was a Clerical Error
ITAT Upholds Section 270A Penalty for Failure to Report Mutual Fund Redemption Gains
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.
