Income Tax
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Article 226 Can’t Replace Income Tax Appeal Mechanism
Deductor Failed to Deposit TDS: Assessee Still Entitled to Credit
Section 89(1) Relief Can’t Be Denied for Return-Filing Technical Lapse
₹4 Cr Allegation Fails as Wrong Search Year Invalidates 153C Notice
No Profit Motive, No Denial: Section 12AB & 80G Matters Reopened
Penal Tax Blocked: ITAT Orders Normal Rate on Cash Deposits
Sales in Books Accepted, But ‘Cash Buyer’ Bills Trigger Remand
No Comparables, No 1% Rate: ITAT Relies on Past Performance
Survey Surrender Explains Demonetisation Cash, ₹75 Lakh Addition Deleted
Banking Trail Alone Not Enough: Two Loans Face Fresh U/s 68 Probe
Post-2022 Reassessment Fails for Non-Compliance with Faceless Scheme
No Hearing, No Finality: ITAT Reopens Ex-Parte U/s 147 Order
Demonetisation Deposits Partly Explained, ITAT Limits 69A Addition
Cash Sales Recognised, 69A Cut to 10% GP by ITAT Delhi
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.
