Income Tax
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Direct and Indirect Taxation of Virtual Digital Assets in India
No Addition u/s 69A if name of Assessee was not mentioned in seized documents
No revision u/s 263 merely because CIT had different opinion in the matter
ex-parte Appeal dismissal by CIT(A); ITAT Jabalpur Remands Case for Fresh Hearing
Stock Surrender in survey: Ex-parte dismissal by CIT(A) not sustainable
Non-Compliance with Statutory Notices – ITAT Upholds Penalty u/s 271(1)(b)
₹2.53 Cr Bank Deposit Addition Without Verification: ITAT Remands case
CIT(A) Must Decide Appeal on Merits Even if Assessee defaults: ITAT Lucknow
Order in Name of Deceased & Without Sharing Remand Report is invalid
ITAT Pune Deletes ₹5 Crore Capital Gain Addition for Consenting Party
Appellate Order Passed in Name of Deceased Invalid: ITAT Pune
Cash Deposits Representing Members’ Daily Savings; ITAT Upholds Deletion of Addition u/s 69A
Addition towards unaccounted sales without any evidence cannot be sustained
ITAT Remands 80G Approval for 5% Test- Minor Pooja Expenses Won’t Kill 80G
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.
