Income Tax
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Illness of authorised signatory justifies second chance: ITAT restores cash-deposit additions to AO
Law aids the vigilant: ITAT dismisses appeal for persistent non-appearance & upholds additions
ITAT Restores Issue to CIT(A) Over Rule 46A Non-Compliance
Section 147 Proceedings Invalid Due to Limitation, ₹3.34 Cr Addition Dropped
Human probability matters: ITAT upholds deletion of ₹87.34 lakh cash-deposit addition
ITAT Confirms Section 68 Additions for Unexplained Cash During Demonetisation
Cash receipts belonging to Partnership Firm cannot be taxed in hands of partner
No Section 271D Penalty on Cash Payment under Pre-Amendment Property Agreement
ITAT Overturns Section 69A and 115BBE Addition on Petrol Pump Deposits
Belated Form 10B Doesn’t Warrant Taxing Entire Receipts
Rs. 87.65-Crore ‘Bogus Purchase’ Disallowance Remanded for Fresh Verification
Registration Under Section 12AB Restored Due to Reasonable Cause for Non-Response
Mixed-Funds Interest Disallowance Needs AO Review
Section 12AB and 80G Rejection Set Aside Due to Nascent Stage of Trust
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.
