Income Tax
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Additional Evidence Admitted; House Property Issues Remanded: ITAT Mumbai
Section 36(1)(iii) Addition Beyond Limited Scrutiny Scope Deleted: ITAT Delhi
Acquired Goodwill as Balancing Figure Eligible for Depreciation: ITAT Mumbai
Free Classes, No Expenses in the Books: Can a Trust Lose Its Registration for That Reason Alone?
Additions Beyond Limited Scrutiny Scope Invalid Without Conversion: ITAT Ahmedabad
Invalid Reassessment Cannot Support Section 263 Revision: ITAT Cuttack
Full Disclosure Bars Reassessment Beyond Four Years on Change of Opinion: Bombay HC
Verified Only 10–12% of the Vouchers? That Alone Cannot Trigger Section 263
₹3.65 Crore Penalty Deleted After Stamp-Value Addition Cut to ₹21.63 Lakh: ITAT Mumbai
Notice Pasted on an Unidentified Locked Room: ₹1.46 Crore Reassessment Quashed
Explained House Purchase Cannot Attract Section 69 Addition: ITAT Bangalore
One Day, Two Opposite Assessments: ₹9.68 Crore Reassessment Quashed
Portal Upload Alone Cannot Establish Issue of Section 148 Notice: ITAT Bangalore
TP Adjustment Restricted to AE Transactions & Five Comparables Excluded: ITAT Bangalore
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.
