Income Tax
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Section 148 notice issued by a JAO instead of FAO is without jurisdiction: ITAT Chandigarh
No Incriminating Evidence, No Addition: ITAT Deletes Jewellery Charges
Section 11 exemption cannot be denied solely for delayed Form 10B uploading
ITAT Rejects AO’s Demand for Third-Party Documents; Section 68 Addition Deleted
Reassessment post full and true disclosure results into mere change of opinion hence not sustained
Delhi HC Denies Condonation of Nine-Month Delay in Revised ITR Filing
CSR Payments to Approved Charities Qualify for Section 80G – Tribunal Reiterates
Rajasthan HC Quashes Reassessment Notice Issued by JAO Due to Faceless Regime Requirements
Section 271(1)(c) Penalty Invalid as Notice Lacked Specific Charge: ITAT Mumbai
Reassessment Quashed for Wrong Sanction: Notice Issued Without Mandatory PCCIT Approval
Receipts on surrender of tenancy rights not taxable U/s 56(2)(x): ITAT Mumbai
ITAT Allows Full Addition After Purchases Held Bogus: 8% Estimation Rejected
Faceless Assessment Scheme Not Applicable to Issuance of Section 148 Notices: Gujarat HC
Business Income or Capital Gains? Tax Treatment of Share Trading
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.
