Income Tax
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Section 263 Invalid as PCIT Acted on AO’s Reference Without Independent Review: Calcutta HC
₹8.44 cr Section 69A Addition Deleted Due to Incorrect Bank Account Information
Delay Condoned as Limitation Counted from Order Receipt Date, Not Order Date: ITAT Mumbai
Section 68 Addition Fails as Purchaser Confirms Cash Payment: ITAT Mumbai
ITAT Delhi Quashes Assessment Due to Invalid Manual Scrutiny Selection
Writ Petition Dismissed as Dispute Involves Questions of Fact in Assessment Challenge
No Reduction of 80-IA Deduction in 80HHC Computation Where Profits Are Distinct: Calcutta HC
Technical Delay in Form 10B Filing Not a Ground to Deny Tax Exemption: Madras HC
ITAT reduces Section 271(1)(b) Penalty by 50% on Consensus Basis
Failure to attach audited accounts with Form 10B: ITAT Allows Exemption Claim
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.
