Income Tax
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Revision order u/s. 263 quashed as AO took plausible view after proper application of mind
No Section 68 Addition for Alleged Bogus LTCG Without AO’s Independent Verification
Religious label doesn’t disqualify Trust—Bangalore ITAT revives 12AB registration plea
Rejection letter under section 154 is a valid order- ITAT restores appeal for fresh hearing
Delhi HC Relaxes Tax Norms for Category III AIFs; CBDT Circular Can’t Override SEBI Norms
Income Tax Section 143(2) Notice must be in revised format as per CBDT: ITAT Delhi
ITAT: Genuineness of Activities, Not Commercial Nature, to be seen while granting registration u/s 12AA and 80G
No Share Capital Additions in Absence of Incriminating Material: ITAT Raipur
Income Tax Exemptions and Liabilities of Security Personnel
Revenue Loss Due To Tax Exemptions/Deductions
Low initial expenditure not a ground for 12AB Registration rejection: Bangalore ITAT
Procedural lapse vitiates Section 143(1) Intimation against educational trust: ITAT Bangalore
Part addition u/s. 69 towards cash deposit during demonetization deleted by applying SOP of CBDT
Remand by CIT(A) for Non-Appearance Before AO – Mandatory?
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.
