Income Tax
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Capital Gains Appeal Revived Due to Improper Rejection on Limitation
Addition Deleted Because Survey Statement Was Retracted and Uncorroborated
Reassessment Upheld Because Return Was Filed on Day of Assessment
Mutual Fund Dividend Fully Exempt Because Section 115BBDA Doesn’t Apply
Delhi HC Upheld Reassessment Notice Despite Faceless Regime Objection
ITAT Mumbai Set Aside Order for Failure to Hear AO in Section 248 Appeal
Section 14A disallowance cannot be added to section 115JB book profits: Delhi HC
Penny Stock Addition Deleted for Lack of Specific Evidence
Penalty Quashed for Mismatch Between Notice and Final Charge
153A Addition Deleted for Lack of Incriminating Material
Section 263 Invoked Because Education Cess Claim Was Not Examined in Limited Scrutiny
₹1 Crore Commission Addition Rejected for Mere Suspicion
Carry-Forward of Losses Allowed Because IBC Resolution Doesn’t Extinguish Tax Rights
Assessment Quashed for Ignoring Binding DRP Directions
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.
