Income Tax
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HC Upholds ITAT Remand for Fresh Cash Flow Verification in Share Premium Addition u/s 68; Human Probability Test Not Enough
Income Tax Appeal Rejected Due to Low Tax Effect & Lack of Exceptional Circumstances
ITAT Deletes Deemed Dividend Addition as Cash Shortage Related to Proprietary Concern
ITAT Delhi Deletes Notional Interest Addition as No Real Income Had Accrued
ITAT Patna Deletes Bogus Purchase Addition as One-to-One Sales Correlation Was Proven
Section 148 Notice Invalid as It Was Served After Limitation Period: ITAT Mumbai
Interest Awarded After Tax Department Retained Matured KVPs Despite Settlement Payment
ITAT Deletes Software Expense Disallowance for Lack of Evidence of Sham Transactions
No Section 69A Addition for Demonetisation Cash Deposits From Recorded Jewellery Sales: ITAT Ahmedabad
Nagpur ITAT Restores Unexplained Investment Addition for Denied Proper Opportunity
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.
