Income Tax
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ITAT Rajkot Taxes Only Profit Element – On-Money Addition Trimmed to 8%
Karnataka HC allows condonation of delay for belated return due to son’s death
Section 254(2) rectification based on subsequent SC ruling not allowed: Karnataka HC
Reassessment Notice Quashed: ITAT Mumbai Follows Vodafone Idea Ruling on Invalid Sanction
ITAT Condoned Delay: NFAC Notices Invalidly Sent to Wrong Email ID
ITAT Delhi Gives Fresh Chance to Prove Loan Withdrawals as source of Cash Deposits
ITAT Delhi Quashes Reassessment – Section 148 Notice Held Time-Barred
Assessment Quashed, Penalty Falls – ITAT Delhi Quashes Section 271AAC Penalty
ITAT Deletes ₹40 Lakh Demonetization Cash Addition, Citing No Rejection of Books
No Change of Opinion When Issue Never Examined – ITAT Delhi Upholds Reopening
Stock Exchange Margin Penalties Fully Deductible, ITAT Allows ₹1.22 Cr Claim
Books Can’t Be Rejected merely for Missing Return: ITAT Deletes ₹1.34 Cr Cash Addition
ITAT Delhi Quashes 153C Assessment – One Approval for Two Years Held Invalid
ITAT Quashes Section 153C Order for Common Template-Style Approval Across Years
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.
