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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Income TaxITAT Mumbai Upholds 3% Commission on Bogus Textile Turnover; Loan Issue Remanded
Income Tax

ITAT Mumbai Upholds 3% Commission on Bogus Textile Turnover; Loan Issue Remanded

CA Vijayakumar Shetty9 months ago
Income TaxHigh Share Premium With Weak Financials: ITAT Confirms Share Premium Addition
Income Tax

High Share Premium With Weak Financials: ITAT Confirms Share Premium Addition

CA Vijayakumar Shetty9 months ago
Income TaxNo Seized Material, No 153A Addition: ₹1.34 Cr Penny-Stock Addition Quashed
Income Tax

No Seized Material, No 153A Addition: ₹1.34 Cr Penny-Stock Addition Quashed

CA Vijayakumar Shetty9 months ago
Income TaxITAT Upholds Section 11 Rights Despite Belated Form 10B Correction
Income Tax

ITAT Upholds Section 11 Rights Despite Belated Form 10B Correction

CA Vijayakumar Shetty9 months ago
Income TaxNo Exempt Income Means No 14A: 270A Penalty Cannot Survive When Quantum Dies
Income Tax

No Exempt Income Means No 14A: 270A Penalty Cannot Survive When Quantum Dies

CA Vijayakumar Shetty9 months ago
Income TaxITAT Rejects Appeal Due to 115-Day Delay Despite Jurisdictional Challenge to u/s 148 Notice
Income Tax

ITAT Rejects Appeal Due to 115-Day Delay Despite Jurisdictional Challenge to u/s 148 Notice

CA Vijayakumar Shetty9 months ago
Income TaxReassessment Restored for Fair Hearing; Penalties u/s 271(1)(b) & 271(1)(c) Deleted
Income Tax

Reassessment Restored for Fair Hearing; Penalties u/s 271(1)(b) & 271(1)(c) Deleted

CA Vijayakumar Shetty9 months ago
Income TaxEx Parte Order Set Aside: Mumbai ITAT Restores Form-67 FTC Claim Appeal for Fresh Hearing
Income Tax

Ex Parte Order Set Aside: Mumbai ITAT Restores Form-67 FTC Claim Appeal for Fresh Hearing

CA Vijayakumar Shetty9 months ago
Income TaxUnexplained Partner Capital Cannot Be Added to Firm’s Income: ITAT Hyderabad
Income Tax

Unexplained Partner Capital Cannot Be Added to Firm’s Income: ITAT Hyderabad

Sayyad Sadak9 months ago
Income TaxIncorrect Clause Selection Only Technical: ITAT Orders Fresh Section 12A Consideration
Income Tax

Incorrect Clause Selection Only Technical: ITAT Orders Fresh Section 12A Consideration

CA Vijayakumar Shetty9 months ago
Income TaxRegistration u/s. 12A r.w.s. 12AB cannot be denied for procedural lapse
Income Tax

Registration u/s. 12A r.w.s. 12AB cannot be denied for procedural lapse

POONAM GANDHI9 months ago
Income TaxITAT Invalidates Consolidated Section 153D Approval for 28 Assessees
Income Tax

ITAT Invalidates Consolidated Section 153D Approval for 28 Assessees

CA Vijayakumar Shetty9 months ago
Income TaxLand qualifies as agricultural land or not needs more verification: Matter remanded
Income Tax

Land qualifies as agricultural land or not needs more verification: Matter remanded

POONAM GANDHI9 months ago
Income TaxTribunal Declares Revenue’s Appeal Infructuous as Section 263 Order Fails
Income Tax

Tribunal Declares Revenue’s Appeal Infructuous as Section 263 Order Fails

CA Vijayakumar Shetty9 months ago

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.