Income Tax
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Assessment u/s 153A passed with prior approval u/s 153D cannot be revised
Reassessment Set Aside as Notice Issued by Jurisdictional Officer, Not Faceless Unit
Deeming fiction of section 50 cannot change long term assets to short term capital assets
Section Registration 12AB Cannot Be Cancelled for Past Alleged Misdeeds: ITAT Delhi
No 65B Certificate, No Case: Bombay HC Quashes Cash Addition Based on Mobile Notes
Income Tax Addition Quashed for Non-Consideration of Submitted Proofs
Exempt Salary Under DTAA Does Not Trigger Black Money Act: ITAT Chennai
Return Filing Not Mandatory for Section 10(23BBA) Exemption: ITAT Bangalore
Assessment Remanded as Assessee Denied Fair Hearing on Demonetisation Cash Deposit
Tribunal Condones Absence During Audit Rush, Orders Fresh Assessment
ITAT Jaipur Allows Section 54B Deduction for Investment in Spouse’s Name
ITAT Jaipur quashes Reassessment Beyond Six Years for Being Time-Barred
Tribunal Accepts Non-Tech Savvy Assessee’s Plea, Condoning Delay & Ordering Reassessment
ITAT Jaipur Remands ₹4.11 Crore Addition Case for Fresh Verification Due to Rule 46A Violation
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.
