Income Tax
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ITAT Confirms Banks Exempt from MAT, Deletes ₹305.49 Cr Penalty
ITAT Cuts Additions from Rs.13.91 Lakh to Rs.1.39 Lakh Using 10% Estimate
Section 271(1)(c) Penalty Deleted as Additions Based Only on Differing Interpretation
Tribunal Restores Section 12A Exemption Despite CPC’s Technical Objection
Amount paid before due date of return not supposed to be disallowed under section 43B
Delay Condoned Due to non-receipt of communication & Case Remanded for Fresh Hearing
Rural Land Claim Fails – ITAT Confirms Rs. 2.92 Cr LTCG Addition
Delay of 207 Days Not a Barrier as Tribunal Orders Fresh Merits-Based Hearing
Books Not Produced Earlier – Section 145(3) Rejection Restored for Fresh Verification
Repayment Proves Genuineness – Unsecured Loans Accepted, Addition Removed
LTCG on JDA Year Reopened: Tribunal Sends Case Back for Proper Verification
ITAT Dismisses Rs. 24 Crore Additions Over Third-Party Documents
Faceless Procedure Mandatory for Central and International taxation Charges
Educational Institutions’ Income Tax Exemption Plea Remanded After SC Clarification
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.
