Income Tax
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Passing of assessment order u/s. 144 without issuance of notice u/s. 143(2) cannot be sustained
Borrowed Satisfaction Not Valid for Reopening, ITAT Deletes ₹5.21 Cr Addition
CIT(A) Cannot Change or reverse his Decision Under Garb of Rectification
Not Length but Cause of Delay Matters – 353-Day Delay Condoned
CPC cannot deny Section 80P deduction on belated return prior to AY 2021-22
Grey Market Sourcing? Entire Bogus Purchases Can’t Be Disallowed
Mere Disallowance of Interest Claim Doesn’t Warrant Penalty u/s 271(1)(c)
TDS Delay After 01.06.2015 Attracts Mandatory 234E Late Fee: ITAT Mumbai
Higher tax rate of 60% u/s. 115BBE doesn’t apply to transactions prior to 01.04.2017: ITAT Chennai
Addition towards interest on cash loans directed to be deleted
Accrued Interest in Loan Acquisition is Purchase Consideration, No TDS: ITAT Mumbai
Once Appeal withdrawn & Revision allowed u/s 264, CIT(A) has no jurisdiction
Rectification Enhancing Income Without Notice Is Unsustainable: ITAT Mumbai
Section 194T: Tax Burden on Partnership Firms
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.
