Income Tax
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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

Non-Speaking Ex-Parte Order Set Aside: NFAC Failed to Apply Section 251(1) in 144 Assessment Appeal

Ex-Parte NFAC Order Quashed for Violating Section 250(6): Case Remanded for Fresh Hearing

Four-Day SCN Insufficient: ITAT Sends Section 80G(5)(iii) Application Back for Re-Evaluation

Eight Notices Ignored: Credit-Card Cash Payments Under Scrutiny: ITAT Imposes Cost But Grants One Final Chance

ITAT Allows Rs. 62.57 Lakh Deduction for Co-op Society Under Section 57

ITAT Upholds Principle of Natural Justice, Remands 69A Addition for Fresh Examination

ITAT Rejects Retraction of Voluntarily Conceded Income Under Section 153A

TDS Scrutiny Only: ITAT Remands 36(1)(va), 43B & 40(a) Disallowances

Section 263 Order Quashed: Null Assessment Cannot Be Revised Under IBC

Faceless Means Faceless: JAO-Issued 148 Notice Invalid, Says ITAT Hyderabad

Addition Deleted Because Ownership of Cash Cannot Be Presumed on Suspicion

Benami Allegation Entangled – Double Taxing Same Investment Impermissible
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.

