Income Tax
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Section 148 Notice Invalid as Issued Without Section 148A Procedure: Gujarat HC
Escaped Income Above Rs. 50 Lakh Justifies Ten-Year Reassessment: Rajasthan HC
Reopening Beyond 4 Years Fails Without Assessee’s Default: ITAT Quashes 148 Notice
Tax Recovery Claims Extinguished After NCLT Resolution Plan Approval: Madras HC
Gross Profit Addition Deleted Because Tag Price Is Not Actual Sale Price
Ex-Parte Section 69A Addition Set Aside for Lack of Verification of Agency Role
Addition Based on Form 26AS Set Aside Due to Need for Verification of Actual Receipts
Assessment Quashed Due to Violation of Section 144C Draft Order Requirement
Settlement applications upheld as SC declines interference despite eligibility dispute
Section 68 Addition Fails When Based Only on Retracted Third-Party Statements
Settlement applications held valid as Finance Act not in force before March 2021
Delhi HC on Reassessment Validity: AO to Examine Surviving Limitation
Ex-parte CIT(A) order quashed: ITAT restores appeal where notices went to deceased counsel
Form 26AS Is Key: ITAT Restores TDS Credit Despite No Claim in Return
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.
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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.
