Income Tax
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Bogus LTCG on Penny Stock: ITAT Ahmedabad Upholds Addition
Cash Kept by Father Not a Loan or Deposit – ITAT Deletes ₹20 Lakh Penalty
Documented Share Capital Transactions Valid Despite Non-Appearance of Subscribers – ITAT Deletes Rs.7.11 Cr Addition
15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus: ITAT Pune
PCIT Revision Upheld: AO Failed to Verify Low Profit Margin & Audit Need (Sec 263)
ITAT Replaces Rule 8D with Reasonable Estimate, Cuts ₹3.05 Cr Disallowance to ₹10 Lakh
Ex-Parte Reassessment Quashed: HC Grants Fresh Chance for Bona Fide Omission
Address Change Justifies Non-Participation: HC Restores Reassessment to 148A Stage
HC Quashes Reassessment as JAO Violated Faceless Mandate Section 151A
Faceless Reassessment Quashed: Notices Issued Outside Scope of Section 151A Invalid
Delay in filing Form No. 10 condoned as likely to cause genuine hardship
HC Quashes Reassessment as Jurisdictional AO Violated Faceless Scheme
Ex Parte Assessment Quashed: HC Grants Fresh Opportunity Due to Bona Fide Non-Appearance
Section 281B Attachment Invalid on Property Not Owned by Assessee: Karnataka HC
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.
