Income Tax
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AO’s Reopening Under Section 147 Set Aside Over Incorrect Filing Claim
ITAT Limits Bogus Purchase Disallowance to 6%; Section 153C Jurisdiction Unresolved
Mere suspicion of fraud or lower GP cannot trigger Section 145(3) or 40A(2)(b) disallowances
Joint Ownership Doesn’t Bar Section 54F Deduction: ITAT Delhi
Recent Income Tax Changes Affecting Salaried Individuals, Professionals & Businesses
How India Taxes Cryptocurrency and NFTs: Complete VDA Tax Guide
What Happens If You File Your ITR Late? Complete Guide to Penalties & Interest
Revenue Appeal Dismissed: 143(2) Notice Mandatory for 148 Cases
Faceless Assessment in Income Tax: A Digital Shift That’s Changing the Game
Section 68 Addition Deleted as Agreements to Sell Accepted as Valid Source of Capital
Faceless Regime Not Exclusive: Delhi HC Confirms JAO’s Power to Issue 148 Notices
DVO Reference Based on Wrong Facts; Only 1.71% Difference Leads to 153A Assessment Quashed
Bogus Purchase Addition Unsustainable When Purchases Confirmed by GST Order
AO’s admission of not issuing Section 143(2) notice invalidates assessment: ITAT Chandigarh
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.
