Income Tax
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Substantive 80G Claim Revived Despite Inadvertent Filing Mistake
Section 69C Addition Restricted to Estimated Profit of Small Trader
Section 263 Revision Quashed for Lack of Error and Prejudice
Section 14A Disallowance Recomputed After Mutual Fund Exclusion
Delay in Form 10AB Filing Excused Due to Late Grant of Prior Approval
Addition Set Aside for Lack of Cross-Examination Opportunity
Reassessment Quashed for Wrong Approval Under Section 151
Section 143(1) Adjustment Cannot Deny 115BAB Concessional Rate
Reopening Quashed for Non-Supply of Material Relied Upon in Reasons
ITAT Condones 3,100 Days Delay, Appeal Sent Back
Estimated Commission Addition Unsustainable Without Rejecting Books
Section 68 Addition Deleted After Loan Genuineness Proven
Accommodation Entry Allegation Rejected for Want of Proof
ITAT Pune Deletes Section 234E Late Fee for Pre-1 June 2015 TDS Return Processing
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.
