Income Tax
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Reassessment Notice Invalid If PCIT Approval is Ritualistic & Mechanical: ITAT Delhi
Gujarat HC quashed inflated tax assessment of ₹393.97 crore issued on a non-existent PAN
ITAT Delhi deletes Accommodation Entry Addition of ₹11.54 Cr – Suspicion not Proof
Half of Purchases Cannot Be Treated as Bogus Without Verification: ITAT Delhi
LTCG from Penny Stock Found Genuine – Suspicion No Substitute for Proof: ITAT Delhi
Operating Lease, Not Financial Lease – Aircraft Lease Rentals Not Taxable in India
Form 26AS Not Final – ITAT Grants TDS Credit to Law Firm despite Deductor’s Default
High Interest Paid to Lenders a Commercial Decision, Not Ground for Section 263 Action
TDS Credit Cannot Be Denied for PAN Mismatch due to deductor error: ITAT Mumbai
ITAT Delhi Deletes Capitation Fee Additions Against Educational Trust
ITAT Mumbai Deletes ₹4.52 Cr TDS Disallowance on Foreign Commissions
ITAT Mumbai Upholds 263 Revision for allowing Tax Deductions without Proper Inquiry
Addition towards unsecured loan deleted as genuineness proved with documentary evidence
Demand raised on issue u/s. 143(1)(a) to be modified as claim allowed in scrutiny assessment
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.
