Income Tax
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Reassessment notice for AY 2016-17 issued on 15.04.2024 held invalid by Delhi HC
ITAT Ahmedabad Remands 26AS Mismatch Case to AO to Reconcile Difference
ITAT Mumbai Allows Withdrawal of Duplicate Appeal
HC Upholds addition for paper company loan as Assessee Fails to Prove Genuineness
ITAT Cuttack Upholds 270A Penalty as assessee failed to file 270AA immunity Form
ITAT Ahmedabad Allows HRA Claim and Condonation of Delay
ITAT Cochin Allows 80P Deduction to Co-op Society based on SC Judgment
ITAT Remands Tax Cases Due to Assessee’s Non-Compliance
TDS Not Deductible on Foreign Bandwidth, 80G allowed on CSR Donation
HP HC Stays 148 Reassessment Notice Due to Pending SC Case
Transfer effective on possession, Not registration – ITAT applies Section 2(47)(v)- Section 43CA cannot override completed Transfer: ITAT Mumbai
No addition in absence of incriminating material: Statement u/s 132(4) not enough
Share Sale to Alleged Shell Firms Not Accommodation Entry: ITAT Jaipur
Early Tax Benefits: A Deeper Look at “Previous Year” for New Income Streams
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.
