Income Tax
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Madras HC Quashes Section 148/148A Notices Issued by Jurisdictional Officer
Unproved Purchases Require Full Disallowance Under Section 69C: Bombay HC
Section 148 Notice Valid Despite Non-Faceless Issuance in Search Case: Gujarat HC
Bombay HC Condones 1,257-Day Delay in Form 10B Due to Bona Fide Professional Lapse
Bombay HC Condones 2732-day Delay in Electronic Filing of Form 10B
Deemed Dividend Addition Remanded Due to Year-of-Receipt Mismatch
Leave Encashment Exemption Upheld Under Revised CBDT Limit
ITAT Agra Grants Full Leave Encashment Relief Citing Updated ₹25 Lakh Cap
₹25-lakh Leave Encashment Allowed as Higher Limit Applied Due to Tribunal Precedent
Interest on enhanced compensation being part of consideration is exempt u/s. 10(37)
Invalid 143(2) Notice Makes Assessment Non-Est: ITAT Quashes Entire Assessment
Section 14A Not on Auto-Pilot: Rule 8D Disallowance Quashed for Want of AO’s Satisfaction
Leave Encashment exemption raised from ₹3 Lakh to ₹25 Lakh: Filing Section 119(2)(B) Application
JAO Vs Faceless Regime: Reassessment Falls for Breach of Section 151A
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.
