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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Income TaxAssessment Challenge Fails as AO Cannot Question Commercial Wisdom of Borrowing
Income Tax

Assessment Challenge Fails as AO Cannot Question Commercial Wisdom of Borrowing

CA Sandeep Kanoi2 months ago
Income TaxChhattisgarh HC Dismisses Income Tax Writ Appeal as No Ground Existed to Issue Mandamus
Income Tax

Chhattisgarh HC Dismisses Income Tax Writ Appeal as No Ground Existed to Issue Mandamus

CA Sandeep Kanoi2 months ago
Income TaxTP Adjustment Set Aside for Failure to Prove Profit Shifting Under Section 80-IA(10)
Income Tax

TP Adjustment Set Aside for Failure to Prove Profit Shifting Under Section 80-IA(10)

CA Sandeep Kanoi2 months ago
Income TaxLack of Proper Legal Advice Sufficient to Condon Appeal Delay: ITAT Ahmedabad
Income Tax

Lack of Proper Legal Advice Sufficient to Condon Appeal Delay: ITAT Ahmedabad

CA Sandeep Kanoi2 months ago
Income TaxITAT Remands Section 69A Addition as Additional Evidence Goes to Root of Dispute
Income Tax

ITAT Remands Section 69A Addition as Additional Evidence Goes to Root of Dispute

CA Sandeep Kanoi2 months ago
Income TaxSection 69 Addition Deleted as Property Investment Was Made in Earlier Year
Income Tax

Section 69 Addition Deleted as Property Investment Was Made in Earlier Year

CA Sandeep Kanoi2 months ago
Income TaxITAT Deletes TP Adjustment as Earlier Coordinate Bench Ruling Was Binding
Income Tax

ITAT Deletes TP Adjustment as Earlier Coordinate Bench Ruling Was Binding

CA Sandeep Kanoi2 months ago
Income TaxTransfer Pricing Addition Deleted Because ALP Was Fixed at Nil Without Prescribed Method
Income Tax

Transfer Pricing Addition Deleted Because ALP Was Fixed at Nil Without Prescribed Method

CA Sandeep Kanoi2 months ago
Income TaxCan Updated Return Be Filed After Notice Under Sections 143(2), 148A or 148?
Income Tax

Can Updated Return Be Filed After Notice Under Sections 143(2), 148A or 148?

CA Ajay Kumar Agrawal2 months ago
Income TaxMadras HC Upholds Income Tax Search as Section 132 Challenge Failed
Income Tax

Madras HC Upholds Income Tax Search as Section 132 Challenge Failed

CA Sandeep Kanoi2 months ago
Income TaxITAT Quashes Reassessment as ITO Lacked Jurisdiction Under CBDT Instruction No. 1/2011
Income Tax

ITAT Quashes Reassessment as ITO Lacked Jurisdiction Under CBDT Instruction No. 1/2011

CA Sandeep Kanoi2 months ago
Income TaxITAT Quashes Assessment as Jurisdictional AO Did Not Issue Section 143(2) Notice
Income Tax

ITAT Quashes Assessment as Jurisdictional AO Did Not Issue Section 143(2) Notice

CA Sandeep Kanoi2 months ago
Income TaxITAT Kolkata Quashes Reassessment as ACIT Lacked Pecuniary Jurisdiction
Income Tax

ITAT Kolkata Quashes Reassessment as ACIT Lacked Pecuniary Jurisdiction

CA Sandeep Kanoi2 months ago
Income TaxAssessment Invalid Where Non-Jurisdictional AO Issued Section 143(2) Notice: ITAT Kolkata
Income Tax

Assessment Invalid Where Non-Jurisdictional AO Issued Section 143(2) Notice: ITAT Kolkata

CA Sandeep Kanoi2 months ago

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.