Income Tax
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ITAT Chennai Quashes Reassessment Notice Issued by JAO Instead of FAO
Joint Property Purchase: Stamp Duty Difference Cannot Be Taxed Fully in One Buyer’s Hands
No obligation to prove Source of Source – Section 69 Addition deleted
Loose sheets without corroboration insufficient to justify additions
Unrealistic 169% Profit Margin Additions on Jewellery Trader Remanded
Classical Dance Training is Education, 80G Renewal Remanded ITAT Chennai
Teaching Bharatanatyam Is Education & Not Recreation or Commercial
Section 80-IA Deduction Remanded by ITAT Pune for Re-Verification
Inadvertent Error in Form 10AB Doesn’t Change Charitable Status
ITAT quashes Reassessment for want of valid Section 151(ii) Sanction
Loose Sheets & Excise Data Corroborate 132(4) Admission, ITAT Upholds Addition
5% Tolerance Limit u/s 56(2)(x) held retrospective: ITAT Chennai
Appeals Cannot Be Rejected Solely for Non-Filing of ITR: ITAT Amritsar
Suspicious Purchases Duly Verified, PCIT’s Revision Held Invalid: ITAT Rajkot
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.
