Income Tax
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AO Cannot Presume International Transaction Merely Based on High AMP Spend
Section 11 Exemption Cannot Be Denied Merely for Non-Production of 12A Certificate When 80G Proof Exists
ITAT Pune: Profit on Sale of Agricultural Land Not Automatically Business Income – Intent of Purchase Must Be Examined
Poplar Tree Sale Accepted as Genuine; Section 115BBE Not Applicable: ITAT Dehradun
Rajasthan HC Quashes Income Tax Case Transfer for Lack of Hearing
ITAT Chennai Remands Case Over Unexplained Cash Deposits for Fresh Hearing
ITAT Chennai Remands Reassessment on Capital Gains & Section 44AD Additions
Clerk’s Typo Led to ₹38 Lakh Fake Agri Income – ITAT Pune Sends Case Back for Fresh Verification
₹8.84 Cr Addition Deleted as ATM Cash Mistakenly Linked to Employee’s PAN
Land Sale Proceeds Justify Demonetisation Cash Deposits: ITAT Deletes ₹1.28 Cr Tax Addition
Disallowance Isn’t Misreporting – ITAT Pune Deletes Penalty u/s 270A on PF & ESIC Delay
Typo Can’t Deny Charity: ITAT Pune Restores 80G Application Rejected for Technical Delay
Legal Heir Gets New Hearing: ITAT Remands Demonetisation Cash Deposit Case
PCIT Revision Upheld: Accumulated Forex Loss Claimed in One Year Invalid
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.
