Income Tax
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Cash Addition Reduced: ITAT Cuts Ad Agency Profit Estimate from 8% to 5%
Faceless Assessment Prevails: JAO’s Reassessment Notice Invalid, Revival If SC amends Law
Section 54F Exemption Denied for Owning Multiple Houses with Separate Kitchens: ITAT Delhi
WhatsApp Chats Alone Cannot Trigger Section 69A Additions: ITAT Kolkata
Guidance For Success In Appeals Under Income Tax Act, 1961
Non-Bank Co-op Society Eligible for 80P(2)(d) on Interest from Co-op Banks: Sikkim HC
Same-Day 153D Approval Invalidates Section 153A Assessments
AO Mistake on ROI Leads to Section 54F Reassessment Remand
Penny-Stock Reassessments Upheld, But Ex-Parte Orders Set Aside
Sale Proceeds Cannot Be Taxed as Income Without Capital Gains Computation
Tribunal Remands Case to Examine Medical Hardship Despite 5-Year Delay
Wrong Email, Wrongful Ex-Parte Order: ITAT Sends 12A Appeal Back to CIT(A)
Manual Section 148 Notices Violate CBDT Escaping Assessment Scheme
Non-Speaking CIT(A) Order Quashed; IDS & JDA Issues Re-Examined
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.
