Income Tax
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Tax Exemption Granted to State Legal Service Authority, Chandigarh for Specified Incomes
ITAT Mumbai Quashed Section 263 as Issue Involved Only Inadequate Enquiry
Cash Withdrawals from Disclosed Bank Accounts Not Unexplained: ITAT Mumbai
CIT(A) Cannot Bypass Jurisdictional Grounds by Simple Remand: ITAT Amritsar
Bogus Purchases Cannot Be Added u/s 69C When Source of Expenditure Is Explained
Repaid Loan with TDS-Proved Interest Cannot Be Treated as Unexplained Cash Credit: ITAT Indore
No Double Taxation of Same Rental Receipt: ITAT Mumbai Directs Deletion of Duplicate Addition on CNIL Licence Fee
Penalty on Deceased Assessee Void, Section 271AAC Order Quashed: ITAT Mumbai
Suspicion Cannot Replace Evidence, Ad-Hoc Commission Addition Partly Set Aside
Redevelopment Compensation is Capital Receipt, Not Taxable as Income: ITAT Mumbai
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.
