Income Tax
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ITAT Deletes ₹3.92 Cr Addition on Suppressed Revenue Due to Arithmetical Error
Section 80P(2)(d) Deduction Allowed on Interest from Coop Bank Deposits: ITAT Pune
J&K HC clarifies on Penalty under Entry Tax Act vs GST and VAT Laws
ITAT Kolkata Quashes Section 143(1)(a) Addition Made Without SCN
SC: Substance over Form-Hyatt Ruling Strengthens India’s PE Jurisprudence
Addition of unexplained investments must be based on credible, signed documents
ITAT Remands Case, Slaps ₹10,000 Cost on Assessee for Non-Compliance
ITAT Mumbai Overturns Penny Stock Addition
No Income Tax Assessment Order Passed After ITAT Remand: Delhi HC directs Refund
ITAT Mumbai Allows Carry Forward of Loss for Partner Based on Partnership Return Date
ITAT Mumbai Quashes PCIT Section 263 Order for Wrong Assessment Year
ITAT Chandigarh Quashes Assessment for Non-Compliance with Section 153C Procedure
Unsubstantiated Expenses: ITAT Ahmedabad Reduces Disallowance to 10%
Unexplained Cash Deposit Case Restored to AO for Fresh Assessment by ITAT
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.
