Income Tax
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SC Dismisses Revenue Plea as Income Tax Reassessment Was Attempted Third Time
Reassessment Quashed as Completed Assessment Had Attained Finality: Delhi HC
Section 270A Penalty Invalid for Not Specifying Applicable Limb
Bogus Share Deals: Section 68 Addition Limited to 2% Commission
DRP assessment quashed as time-barred – Section 153 overrides Section 144C timelines
No TDS Liability on Foreign Commission as Income Not Taxable in India
Assessment Quashed as U/s 143(2) Issued by Wrong Jurisdictional AO: ITAT Kolkata
Section 115BBE Inapplicable After Cash Credit Deletion
Section 11(2) Accumulation Allowed Despite Vague Form 10: ITAT Mumbai
Penalty u/s 271AAC cannot survive once Section 69 addition is deleted in quantum
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.
