Income Tax
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ITAT Must Decide Delay Condonation Without HC Observations Influencing It: SC
Section 148 Reopening Quashed for No Failure to Disclose Material Facts: Delhi HC
Accepted TNMM Margin Bars Separate Benchmarking of IT Support Cost: ITAT Chennai
608-Day Delay Condoned Due to Bona Fide Section 264 Revision Pursuit: ITAT Mumbai
34-Day ITR Delay for Section 80P Deduction Condoned: Punjab & Haryana HC
Returned Income Above Rs. 20 Lakh Puts Case Beyond ITO Jurisdiction: ITAT Mumbai
Loan Recovery Suit Cannot Be Rejected Where TDS Extends Limitation: Delhi HC
Bhanwarlal Jain Investigation Alone Cannot Sustain ₹2 Crore Addition: ITAT Mumbai
Stock Exchange Penalties for Procedural Lapses Allowable as Business Expenditure: ITAT Mumbai
R&D Building Cost Eligible for Section 35(1)(iv) Deduction: ITAT Mumbai
22-Day Delay in Form 10B Filing Does Not Bar Section 11 Exemption: ITAT Panaji
Post-Assessment Satisfaction Cannot Sustain Section 271D/271E Penalty: SC
Section 271E Penalty Requires AO Satisfaction in Reassessment Order: Rajasthan HC
Third-Party Search Material Requires Section 153C, Not Section 148: Gujarat HC
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.
