Income Tax
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ITAT Condones Tax Appeal Delay Due to Illiteracy & Auditor Miscommunication
Higher Surcharge on Income Below ₹50 Lakh Struck Down by ITAT Mumbai
No Proof of Accommodation Entries, ₹3.62 Cr Addition Unsustainable
ITAT Kolkata Gives Second Chance Because CIT(A) Ex Parte Order Was Harsh
Ex Parte Income Tax Appeals Revived with cost of ₹25,000 Cost for Non-Cooperation
Deduction u/s 80P cannot be denied in 143(1) processing for Belated Return
ITAT Ahmedabad Allows Additional Depreciation Because Claim Was Bonafide Oversight
ITAT Ahmedabad Quashes Reassessment Because Notice u/s 143(2) Was Not Served
Orissa HC Condoned Delay in Income Tax Appeal as Reasonable Cause Was Shown
Calcutta HC Quashes Income Tax Notices Issued to Deceased Person
Bombay High Court Quashes Income Tax Notices Issued to Deceased
ITAT Delhi Allows Appeal as NFAC Ignored Assessee’s Submissions
ITAT Pune Allows Appeal Because Assessee Missed Notices Sent to Old Email
ITAT Directs AO to Reconsider Section 271(1)(c) Penalty in Light of Quantum Appeal
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.
