Income Tax
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ITAT Condones 2659-Day Delay Because Improper Tax Advice Prevented Timely Appeal
ITAT Partly Deletes ₹13.95 Lakh Addition as Family Income Records Supported Cash Gifts
ITAT Restricts Bogus Purchase Addition Due to Lack of Independent Enquiry by AO
ITAT Remands Case as CIT(A) Admitted C-Forms Without Following Rule 46A(3)
Client cannot suffer for CA’s lapse – Mumbai ITAT restores appeals dismissed for 179-day delay
Reassessment Invalid Because Approval Contained Only ‘Yes, I Am Satisfied’: ITAT Rajkot
Denial of Loan Liability Held “Dishonest” After TDS Deposit: Calcutta HC
Section 56 Addition Deleted as DCF Valuation Was Not Rejected: ITAT Delhi
Gujarat High Court Upholds 6% Addition on Bogus Purchases as Only Profit Element Taxable
Weighted Average Cost method ignored? – Mumbai ITAT sends gold stock valuation addition back for fresh examination
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.
