Income Tax
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Shell Companies Can’t Lend Crores: ITAT Confirms ₹14.69 Cr Cash Credit Addition
No Fixed Place, Service PE or DAPE: ITAT Delhi Holds No PE in India, Profit Attribution Quashed
Journal Entries Not Cash Credits, ₹10.51 Cr Addition Deleted by ITAT Delhi
Bogus Purchase Addition of ₹3.82 Cr Unsustainable Without Rejecting Books
ITAT Delhi Quashes Assessment as Section 143(2) Notice Sent to Wrong Address
ITAT Pune Upholds order u/s 263 – Unverified Advances Towards Property Purchase
Addition applying provisions of section 50C upheld as SRO rates not objected by assessee
Section 13 provisions cannot be invoked at time of granting registration u/s. 12A
Delay of 29 days in filing Form No. 10B condoned as denial of exemption u/s. 11 will cause genuine hardship
Interest earned by co-operative society from fixed deposit with banks is eligible for deduction u/s. 80P(2)(a)(i)
Sundry Creditors Cannot Be Taxed Once Purchases Accepted: ITAT Delhi Deletes Addition
Jurisdictional AO Cannot Issue Notice u/s 148 After Faceless Mandate: ITAT Delhi
ITAT Delhi Deletes Over ₹1112 Cr Additions: Fresh Share Allotment Not Covered by Section 56(2)(viia)
Assessment passed u/s. 143(3) is invalid since proceedings were initiated u/s. 153C
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.
