Income Tax
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Undisclosed Rent Allegation Rejected for Lack of Proof During Relevant Year
ITAT Condoned Delay Due to Consultant’s Lapse & Remanded Matter to AO
No Capital Gains on JDA Without Consideration or Transfer of Possession: ITAT Hyderabad
No Addition in Unabated 153A Assessment Without Incriminating Material: ITAT Kolkata
₹30.90 Cr Section 271(1)(c) Penalty Quashed for Debatable Lease Rent Issue
Survey Addition Can’t Be Extrapolated: ITAT Chandigarh Limits Bogus Salary Addition to One Month
Bombay HC directs Income Tax department to allow lawful claims in e-filing utility
Claim of amortised upfront fees rejected since entire amount already claimed as deduction
Sale of Land with Old Residential Shed Qualifies for Section 54 Relief: ITAT Chandigarh
Addition u/s. 69A quashed as nature and source of deposit duly explained
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.
