Income Tax
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Format Matters: ITAT Says Invalid 143(2) Notice Vitiates Whole Proceedings
ITAT Rules No TDS Default, No Disallowance on Expenses- Presumption Isn’t Proof
Uncorroborated 132(4) Statement Can’t Tax a Genuine Donation
Appeals Restored Because CIT(A) Ignored Request to Avoid Email Notices
Cash Deposit Before Loan Cannot Trigger Section 68 in Borrower’s Case
Excise Incentive Treated as Capital Receipt Because Purpose Was Industrial Development
Capital Gain Proven with Full Documentation; Section 69A/69C Additions Deleted
No Cash Trail and Retracted 132(4) Statements – Section 68 Addition Deleted
Repayment Breaks the 68 Chain: ITAT Mumbai Deletes ₹1 Cr Loan Addition
Inter-corporate Funding for Business Needs Cannot Trigger Deemed Dividend
Penalty Deleted as 14A Addition Removed: Tribunal Finds No Basis for 270A Levy
Severe Handicap, Wrong Advice Ex-Parte Orders – ITAT Restores Cash-Deposit Case to AO
ITAT Protects Assessee’s Rights: ₹2.19 Cr Addition Reassessed
Form 10B Filed Before Due Date: ITAT Allows Section 11 Exemption
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.
