Income Tax
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Earlier Section 263 Action Cannot Justify Fresh 153C Assessment
Section 68 Addition Deleted for Ignoring Peak Credit
Understanding Marginal Relief: A Fairness Mechanism Built into Income Tax
Non-Compete Fee Paid to Protect Business is Revenue Expenditure: SC
Higher Depreciation on Goods Vehicles Cannot Be Denied at CPC Stage: ITAT Bangalore
TDS Credit Cannot Be denied by CPC Without Proper Verification: ITAT Pune
Best Judgment Assessment invalid without rejection of books of account
Only Real Income Taxable; ITAT Mumbai Deletes Addition, Section 11 Denial Academic
CA’s Non-Cooperation Held Sufficient Cause; Delhi ITAT Condoned 85-Day Delay
Appeal Cannot Be Dismissed for Non-Appearance Without Merits Review: ITAT Chennai
Limitation Runs from Date of Knowledge; Cash Deposit Appeal restored
Section 148 Notice Invalid Because Dispatch Date, Not Signature Date, Determines Issuance
Consultant Lapse & Health Issues Sufficient Cause: Chennai ITAT Condoned 261-Day Delay
Section 54F Does Not Prescribe Completion Certificate Condition: 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.
