Income Tax
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Sundry Creditors Cannot Be Treated as Unexplained Cash Credits u/s 68: ITAT Delhi
Deduction u/s. 80IB and 80HHC is allowable simultaneously: ITAT Lucknow
Consolidated Satisfaction Note under Section 153C Held Invalid
Interest Income from District Co-operative Bank Qualifies for Section 80P Deduction: ITAT Cochin
ITAT Deletes Addition on Sale of Shops & Interest on Conversion Charges
Reopening Based on Vague Reasons: Accommodation Entry Addition Deleted & reopening quashed
ITAT on PF/ESI Contribution: Reckoning Due Date (Salary Month vs. Disbursement Month)
ITAT Mumbai Reduces Surcharge on Private Discretionary Trust from 37% to 15%
ITAT Ahmedabad Declares CIT(A) Order Infructuous After CPC Rectification
ITAT Ahmedabad Restores 80G Approval Plea After Ex-Parte Rejection
Profit Once Offered in Books Cannot Be Taxed Again: ITAT Delhi
Assessee Cannot Rebrand Old Hotels to Claim 80ID: ITAT Delhi
No Second Innings for Revenue – Reassessment Beyond Limitation Void ab initio
No addition u/s 69A of ₹10.46L for cash deposits by assessee during demonetization period
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.
