Income Tax
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Pre-April 2017 Property Deal Not Taxable Under Section 56(2)(x): ITAT Mumbai

ESOP Deduction Cannot Be Revisited Through Section 263: ITAT Mumbai

Penalty Cannot Shift From Section 271AAC to Section 271(1)(c): ITAT Mumbai

Two Property Documents Cannot Be Treated as Two Purchases of Same Flat: ITAT Mumbai

Section 263 Revision of JSW Infrastructure Assessment Quashed: ITAT Mumbai

School Sections Cannot Be Split to Meet ₹1 Crore Section 10(23C)(iiiad) Limit: ITAT Mumbai

Section 263 Revision of JSW Cement Assessments Quashed: ITAT Mumbai

Section 292BB Cannot Cure Unproved Section 143(2) Notice: ITAT Mumbai

A Recovery Letter Cannot Become an Appeal Order Merely by Calling It One in Form 35

Delayed Section 234E Appeals Dismissed Without Deciding Levy Merits: ITAT Pune

Wrong Authority Approved Reopening; Section 263 Could Not Repair It

PCIT Approval Cannot Sustain Reopening After Three Years: ITAT Mumbai

143-Day Appeal Delay Condoned on Partner’s Illness: ITAT, Bangalore Bench

Assessment of Firm After Conversion Into Company Quashed: ITAT Dehradun
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.
