Income Tax
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Third-Party Excel Data Cannot Prove Unaccounted Cash Transactions Without Corroboration: ITAT Chennai
Section 271AAB Penalty Quashed as Notices Failed to Specify Charge: ITAT Delhi
Third-party loose sheet Cannot Alone Sustain Section 69C Addition: ITAT Chennai
Entry Operator Link Alone Cannot Make Unsecured Loan Bogus: ITAT Delhi
ITAT Chennai: Lower Flat Prices Cannot Prove Unaccounted Cash Receipts
Entry Operator Link Alone Cannot Make Unsecured Loans Bogus: ITAT Delhi
Opening Cash From Earlier Years Cannot Be Taxed as Current Income: ITAT Rajkot
Held-to-Maturity Securities Are Bank’s Stock-in-Trade: Madras High Court
Inter-Bank Transfers Cannot Inflate Consolidated Peak Credit: ITAT Jaipur
Foreign Agent Commission & Export Undertaking Receipts Allowed: Karnataka HC
Earlier-Year Cash Withdrawals Can Explain Later Bank Deposits: ITAT Delhi
Section 153C Six-Year Block Runs From Material Receipt Date: ITAT Delhi
Old Family Jewellery and Explained Bank Withdrawals Cannot Be Taxed: ITAT Delhi
Deemed Search After 1 April 2021 Invalidates Section 153C Notice: 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.
