Income Tax
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1918-Day Delay Condoned; No Penalty on Excess Section 54F/54B Claim
Technical Delay Can’t Defeat Substantive Justice: ITAT Pune
Seller’s Settlement Admission Can’t Implicate Buyer: On-Money Addition Deleted
Bona Fide Mutuality Claim Bars U/s 271(1)(c) Penalty on Bank Interest
Section 12AB Registration Can’t Be Cancelled for Procedural Lapses Alone
153C Assessment Remanded for Failure to Examine Jurisdictional Satisfaction
NFAC Can’t Dismiss Appeal for Non-Appearance Without Merits Adjudication: ITAT Pune
Interest on delayed remittance of TDS not deductible as business expense u/s. 37(1)
Ex-Parte Assessment Appeal Can’t Stand: Matter Sent Back for De Novo Adjudication
Section 80JJAA Deduction Remanded Due to Portal Glitch in Form 10DA
Reopening not justified as reasons recorded remained speculative
Section 44AD Case Can’t Become Blanket Cash Addition; ITAT Surat Sets Aside ₹5.09 Cr Assessment
Technical Rejection of U/s 12AB Application Set Aside for Fresh Examination
Duplicate PAN & No Hearing: ITAT Sets Aside Reassessments for 5 Years
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.
