Income Tax
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Interest on Disputed Tax is Covered by Vivad Se Vishwas Scheme: Karnataka HC
ITAT Mumbai Nullifies Reassessment Due to Approval from PCIT Instead of PCCIT After 3 Years
ITAT Mumbai Remands Bad Debt Disallowance for Fresh Verification U/s. 36(1)(vii)
ITAT Pune Restores 12AB Registration Application Rejected Without Fair Hearing
ITAT Agra Restores Re-Assessment on ₹1.19 Crore Cash Deposits to AO for Fresh Hearing
ITAT Restores ₹34.45 Cr Addition Case to AO for Verification of Creditor Liabilities
Karnataka HC Dismisses Revenue Appeal on Abnormal Cash Sales During Demonetization
ITAT Allows Gifts from Sisters; Tax Addition Cannot Be Based on Donor’s Non-Scrutiny
ITAT Nagpur Remands Case for Fresh Examination of Evidence on Unexplained Investment
ITAT Remands Unexplained Money Case to CIT(A) After Non-Appearance due to Miscommunication
Bogus Sales: CIT(A) Must Pass Speaking Order Even If Assessee Fails to Appear – ITAT Agra
ITAT Allows Section 115BAB Tax Rate After CPC’s Wrong Denial of Manufacturer Status
ITAT Agra Orders Fresh Assessment in Dual-PAN Cash Deposit Case due to Natural Justice Violation
ITAT Sets Aside Ex-Parte Order for Lack of Reasoned Findings by CIT(A)
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.
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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.
