Income Tax
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ITAT Quashes Section 263 Revision as AO Conducted Detailed Inquiry into Agricultural Income
Reassessment 2.0: New Tax Notice Playbook Every Tax Professional Must Decode
ITAT Delhi Deletes Capital Addition as No Liability Cessation Was Proved
ITAT Quashes Assessment Due to Non-Supply of Search Material
Third-Party Loose Papers Cannot Justify Addition Without Cross-Examination: ITAT Delhi
Section 56(2)(x) not Apply to Redevelopment Flats as Transaction Is Exchange of Existing Rights
Bombay HC Quashes Reassessment Due to Approval by Wrong Authority
Assessment Quashed as Returned Income Exceeded Monetary Limits of ITO Jurisdiction
ITAT Surat Upholds Bogus LTCG Addition on Sunrise Asian Penny Stock, Applies ‘Human Probability’ Test
Notional Rent from Sister Concerns Taxable as ‘Other Sources’: ITAT Mumbai
ITAT rejected TPO’s recharacterisation of Boeing India as Full-Risk entity in technical services arrangement
Section 80GGC Deduction Denied Due to Suspicious Political Donation
ITAT Deletes Section 68 Addition Because Cash Deposits Were Supported by Recorded Sales
ITAT Deletes Section 270A Penalty Due to Defective Notice and Bona Fide Reliance on Form 16
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.
