Income Tax
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Penalty Quashed Due to Vague Show-Cause Notice
Appeal Revived Because CIT(A) Ignored Supreme Court’s Limitation Extension
Depreciation on Split-Up Assets Allowed PF/ESI Disallowance- Due Date Counts From Salary Payment Month
Addition Removed Because Profit Estimation Was Arbitrary: ITAT Confirms Full Section 80P Eligibility
ITAT Indore: Section 234E Late Fee Deleted for Pre-01.06.2015 Period
Bogus Research Donation Claim Disallowed After CBDT Finds Misuse
Quantum Assessment Restored Due to Reliance on Chartered Accountant
Parallel Proceedings Under Section 153A and 153C Lead to Quashed Assessments
ITAT Ensures Proper Verification Before Granting Tax Refund
Transfer Pricing Assessment Invalidated for 144C Violation: ITAT Bangalore Decision
ITAT Sets Aside Ex-Parte NFAC Order, Remands ₹2.25 Cr Cash-Deposit Addition for Fresh Hearing
CIT(A) Cannot Dismiss in Limine: ITAT Restores Appeal for Decision u/s 250(6)
Appeal Restored After Clerical Error by Consultant Led to Wrong Delay Declaration
ITAT: Multiple 142(1) Notices for Same Query Count as One Default – Penalty Cut to ₹10,000
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.
