Income Tax
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Entire Purchase Addition Quashed for Exceeding Appellate Jurisdiction
Final assessment order u/s. 143(3) quashed as passed beyond time prescribed u/s. 153(4)
TP adjustment matter remanded due to mistake committed in computation of margins of comparables
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ITAT Delhi Quashed Reassessment For Wrong Assumption of Facts
Unexplained Cash Credits (Section 68): How to defend?
ITAT Mumbai Deleted Alleged Cash On-Money Addition for Lack of Corroborative Evidence
Mechanical Approval for TDS Prosecution Set Aside for Non-Application of Mind
Reasons First, Notice Later: Illegal Reassessment Quashed
Holding Company Is in Business Even Without Operating Revenue
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Interest on Fixed Deposits Exempt When Article 289 Applies
Sales Accepted, Purchases Can’t Be Bogus Under MVAT Alerts
Entry Operator Statement Is No Evidence Without Fair Hearing
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.
