Income Tax
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Exemption u/s. 10(37) admissible on interest received on enhanced compensation
Suppressed turnover based on seized records and statement rightly assessed by AO
Undisclosed source of income addition not sustained since transaction duly recorded in books of accounts
Both Jurisdictional and Faceless Officers Can Issue Reassessment Notices: Delhi HC
Delhi HC Confirms Concurrent Jurisdiction of JAO and FAO for Section 148 Proceedings
No Exclusive Right for Faceless AO: Delhi HC Reiterates Dual Jurisdiction Under Section 148
Unaccounted sales addition without adverse material cannot be sustained
Revision u/s. 263 quashed as order neither erroneous nor prejudicial to interest of revenue
Analysis of Sections 15, 22, 28, 45 & 56 of Income Tax 1961
ITAT Condones 1386-day delay in Filing Appeals Due to Non-Receipt of Notices
ITAT Remands Tax Addition for Ignoring Assessee’s Right to Be Heard
ITAT Mumbai Allows Bad Debt Claim on Irrecoverable NBFC Loan of ₹5 Cr
Gold Stock Discrepancy Addition Deleted Following Invoice Reconciliation
ITAT Allows Charitable Trust Appeals, Orders Fresh Hearing on 12AB & 80G Registration
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.
