Income Tax
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Independent enquiry u/s. 23(1)(a) can be made by AO to determine annual value u/s. 22
IIT Madras Research Park Gets Tax Income Tax Approval for scientific research
Scrap Dealer Gets New Hearing due to Ignored Submissions
Reopening notice beyond four years cannot be sustained without non-disclosure
ITAT Remands Section 12A Registration Case Over Ignored Documents
P&H HC quashed Section 148 income tax notice issued by a JAO
ITAT Condones 332-Day Appeal Delay for Senior Citizen
Bonus paid before ITR due date cannot be disallowed: ITAT Jaipur
Late Return Filed after Sec 142(1) Notice Held Invalid; No 143(2) Notice Required When Return is Invalid
ITAT Ahmedabad Set Aside Ex-Parte Orders on Capital Gains & Penalty
FMV as on 01-04-1981 must be based on registered valuer’s report
Karnataka HC Upholds exclusion of Infosys & TCS due to huge size & turnover
Taxability of Rights Entitlements Under India–Saudi Arabia DTAA
Delay in filing From 67 is only procedural lapse: Madras HC
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.
