Income Tax
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Tribunal Order cannot Be Treated as Fresh Information for Reopening: SC
ITAT Mumbai Quashed Section 263 Revision as Reassessment Notice Lacked Proper Sanction
SC Quashed Income Tax Assessment as Notice Issued to Non-Existing Company After Merger
SC Upholds HC Ruling That TCS Cannot Apply to Compounding Fees in Illegal Mining Cases
Section 11 Income Accumulation Claim Denied as Form 10 Was Not E-Filed: ITAT Chandigarh
ITAT Allows Penny Stock LTCG Claim for Failure to Disprove Documentary Evidence
SC Declines Relief in Reassessment Dispute as Assessee Should Cooperate With Tax Inquiry
Section 148 Proceedings Upheld Procedurally as HC Advises Assessee to Submit Reply to AO
SC Allows Time for Amicable Resolution as HC Refused to Modify Interest Rule on Delayed Counsel Bills
Interest on Delayed Counsel Payments Upheld as Income Tax Department Failed to Justify Delay
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.
