Income Tax
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Assessment passed u/s. 143(3) is invalid since proceedings were initiated u/s. 153C
Vague Accumulation Purpose Not Fatal, ITAT Upholds Section 11(2) Benefit
HC Orders ITAT to Decide Tax Appeals on Merits Despite Locus Standi Issue
Delay in Filing Income Tax Appeal Condoned Despite Ex Parte Order
ITAT Nagpur Deletes Unexplained Investment Addition in Penny Stock Case
ITAT Ahmedabad Quashes Reassessment Based on Unverified Vague Portal Data
Assessee Must Use Appellate Remedy, Not Writ, Against Income Tax Notices: Delhi HC
EDC Charges to HUDA Are Not Rent, No TDS Required: Delhi HC
Interconnect Service Payments Not Royalty: Karnataka HC
Delhi HC Quashes Section 153C Notices Due to Defective Satisfaction Note
Telangana HC Directs Fresh Income Tax order considering Resolution Plan Approval
GST Adjudication Nullified by Calcutta HC Due to Inadequate Show Cause Notice
Fully Explained Gift From Daughter Not Taxable as Unexplained Cash Credit
Penny Stock Business Loss Cannot Be Treated as Bogus LTCG/STCL: Revenue Appeal Dismissed for Low Tax Effect
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.
