Income Tax
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DRP Route Cannot Extend Statutory Time Limit Under Section 153
Proportionate Method Applied to Partly Accept Agricultural Income
Appeal Dismissed Because Mere Assertion Cannot Prove Agricultural Income
Section 153A cannot apply to years without incriminating material: Bombay HC
Unsigned sale agreement not conclusive: ITAT Hyderabad remands capital-gains addition for limited verification
MRI Deposit Write-off Remanded Due to Unexamined Section 37(1) & 28 Applicability
Reassessment Allowed Beyond Four Years for Non-Disclosure of Primary Facts: SC
Procedural Delay Not Fatal: ITAT Upholds 80P Deduction on Credit Co-op Interest
Calcutta HC Directs Advance Ruling Board to Expedite Joint Venture Tax Ruling Ahead of Revised ITR Deadline
Foreign Shares Bought in Daughter’s Name Not Unexplained When Fully Disclosed: ITAT Delhi
Section 263 Revision Quashed as Penny Stock LTCG Was Examined & AO Took Plausible View
Delay before CIT(A) not fatal: ITAT restores reassessment to AO for fresh adjudication
Reopening Beyond 4 Years Quashed for No Failure Allegation
EDC Treated as Contractual Payment, TDS Mandatory: ITAT Delhi
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.
