Income Tax
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Rental Income Can’t Be Reclassified as Business Profits based on Consistency Rule: ITAT Mumbai
CSR Donations Eligible u/s 80G, 45IC Reserve Not Deductible: ITAT Kolkata
ITAT Quashes Assessment – Invalid 143(2) Notice Not in CBDT Prescribed Format
TDS Credit Cannot be Denied to Employee for Employer’s Non-Deposit: ITAT Kolkata
ITAT Jaipur on 12AB Registration: Delay Due to Illness Condoned, Case Restored
Cryptic AO Order on ₹1.45 Cr Addition U/s 68 Remanded by ITAT Kolkata
Apparent Mistake vs. Debatable Issue – ITAT Protects Assessee from Unwarranted 154 Action
ITAT Kolkata Deletes ₹4.46 Cr Addition on Share Capital & Premium
Computer-Aided Scrutiny Alone Not Enough – Notice Must Specify Scope: Kolkata ITAT
Assessment Quashed for Non-issuance of 143(2) Notice on Return Filed u/s 148
Appeal Can’t Be Dismissed Mechanically u/s 249(4)(b) – ITAT Grants Assessee Fresh Opportunity
ITAT Protects Assessee from Erroneous Double Taxation Due to Audit Report Error
Non-Speaking Ex Parte Order Quashed – ITAT Rajkot Sends Back Case with Costs
Allotment Date Counts for Indexation – PCIT Can’t Expand Limited Scrutiny – 263 Revision Quashed
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.
