Income Tax
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ITAT Pulls Back ₹30.76 Crore Bullion Addition Over Supplier Verification Lapses
Survey-Based 68 Addition: ITAT Restores Appeal After Ex-Parte NFAC Order
Scope of 12AA Is Limited: Tribunal Quashes Rejection Based on Vehicle Use and Capitation Fee Claims
Event Income Within 20% Limit, Section 11 Exemption Allowed by ITAT
Only First 142(1) Default Penalizable: ITAT Slashes Penalty and Sends Other Issues Back
Criminal prosecution quashed as ITAT rejected allegation of concealment during penalty proceeding
Bogus Purchase Disallowance Limited to 6% Due to Genuine Sales
ITAT Orders Fresh Hearing After Non-Speaking CIT(A) Order in Reopening Case
No Further Tax Recovery from Deductor if Deductee Has Paid Tax: SC
Tribunal Deletes ₹2.14 Crore Addition Due to Invalid Pre-Notification NFAC Action
Routine Rework Not Technical Service: Tribunal Upholds FTS Deletion
Salary to Seconded Employees Is Not FTS – ITAT Delhi Deletes ₹10.76 Cr Addition in Toshiba Case
Hidden Traps in Claiming Business Expenses: A Practical Guide to Section 37(1)
Section 11 Exemption Cannot Be Denied for Late Form 10B – Delay Held Procedural
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.
