Income Tax
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Delay Condoned Due to Bona Fide Reason: Penalty Appeal Revived
Rs. 5.33 Lakh Mistaken as ₹5.33 Crore: ITAT Rescues Illiterate Villager from Wrong U/s 69A Addition
Cash Rebate Allegation of ₹9.06 Cr: Tribunal Rejects 7.5% Theory for Lack of Proof
Form 3CD Errors Not Enough: Tribunal Flags Wrong Business Income Additions
Interest From Co-op Banks Counts as Business Income: Section 80P Deduction Granted
Reopening Quashed- JAO’s 148 After 29.03.2022 Invalid – Faceless Scheme is Mandatory
Survey Disclosure Treated as Business Income – No Scope for Section 68 Addition
Documentary Trail Wins- Suspicion Cannot Replace Evidence: Penny-Stock Addition Deleted
Technical Glitch Not Fatal – ITAT Allows 115BAA Despite Late Form 10-IC
JAO-Issued Section 148 Notice Invalid: ITAT Chennai Quashes Reassessment
Section 148 Notice By JAO Post-Faceless Scheme Vitiates Reassessment
Section 148 Assessment Set Aside Over Jurisdiction & DIN Defects
Provisions of section 153C doesn’t apply to search initiated subsequent to 01.04.2021
JAO-Issued 148 Notice After 29.03.2022 Held Invalid: Entire Reassessment Quashed- Chennai ITAT
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.
