Income Tax
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ITAT Upholds Addition for Bogus LTCG from Penny Stocks
ITAT Delhi Quashes Assessment for Mechanical Approval Under Section 153D
ITAT Quashes PCIT’s Revision as AO’s View on Survey Income Was Plausible & Verified
ITAT Chandigarh Cuts Unexplained Cash Addition to ₹2.5 Lakh, Accepts Part Agricultural, Dairy Income
Bombay HC Grants Interim Relief from Coercive Recovery in Section 80P Deduction Dispute
ITAT Quashes Penalty for Defective Notice Issued Under Section 274 r.w.s. 271(1)(c)
ITAT Reduces Demonetization Addition from Rs. 3.88 lakhs to Rs. 6,000
ITAT Condones 972-Day Delay Citing Bona Fide Belief & Age of 71-Year-Old Assessee
ITAT Quashes 153C Assessments as Time-Barred: Six-Year Limitation Upheld
Delhi HC Restores Conviction for Delay in Depositing TDS — Financial Hardship Not a Valid Defence
Bombay HC Quashes Reassessment for approval from wrong authority
Disallowance for Pension Bond Interest Remanded Due to Wrong ITR Reporting
Section 54 Relief Upheld as Property Reinvestment Delay Beyond Assessee’s Control
No Room for Double Assessment: ITAT Deletes ₹45 Crore Bogus-Loss Addition
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.
