Income Tax
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Section 148 Notice Invalid if There Was Only Reason to Suspect, Not Reason to Believe: ITAT Mumbai
No On-Money Addition based on Unsubstantiated Excel Sheets: ITAT Mumbai
Builder’s Statement Lacked Corroborative Evidence – ITAT Deletes On-Money Addition
Reassessment Invalid as AO Relied Solely on Investigation Report without Inquiry: ITAT Delhi
Channel Owner Companies not Comparable Due to Functional Differences: ITAT Delhi
Distribution Fee for Channel Distribution Not Royalty: ITAT Mumbai
Section 68 Addition Deleted as Revenue Failed to Link Assessee to Penny Stock Scam
LTCG Exemption allowed as Revenue Failed to Link Assessee to Penny Stock Manipulation
Section 68 Addition Upheld as Penny Stock Gains Failed Test of Human Probabilities: ITAT Mumbai
Why Does India’s ITR Deadline Always Need an Extension?
Builder Statements Alone Could Not Prove On-Money Payment: ITAT Mumbai
TDS Deduction for Specified Senior Citizens (Section 194P)
Comprehensive Guide to Maintenance of Books of Accounts
SC Upholds Deletion of Ad Hoc Expense Additions as Books Were Not Rejected
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.
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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.
