Income Tax
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Rajasthan HC Quashed Reassessment for Being Time-Barred Beyond Statutory Limitation
Scope of Notice u/s 143(2)- Income Tax Act, 1961- SERVE vs ISSUE
Tax Recovery Officer not authorized to declared mortgage as void-ab-initio
Notice u/s. 148 issued with approval of Member of CBDT is void and invalid
ITAT Bangalore: CIT(A) Cannot Dismiss Appeal for Non-Prosecution Without Deciding on Merits
ITAT Bangalore: Revenue’s Appeals Dismissed as Section 153C Assessments Already Quashed by HC
ITAT Mumbai: Black Money Act Assessment Fails Once Section 10(1) Notice Is Held Invalid
CBI Arrests Income Tax Stenographer for Taking Rs.1.5 Lakh Bribe
Appeal Dismissal for Non-Payment of Tax Unjustified Where Returned Income Below Taxable Limit
Time-Barred Reassessment Notice Quashed: ITAT Annuls Section 148 Proceedings Beyond Limitation
Co-owner’s Relief Applied: ITAT Deletes DVO-Based LTCG Addition and Allows Section 54F Exemption
Reopening Invalid Where No Addition Made on Recorded Reasons: ITAT Quashes Bogus Loss Disallowance
Appeal Cannot Be Dismissed in Limine u/s 249(4)(b) Without Examining Advance Tax Liability
Section 263 Upheld for Inadequate Check on Political Donations
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.
