Income Tax
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No Criminal Case Based on Unverified Swiss Account Docs from Foreign Govt
Disallowance should be restricted to profit element in case of of bogus purchases when sales were not doubted
Section 206AA doesn’t override provisions of section 90(2): Gujarat HC
Foreign Tax Credit cannot be denied for delayed filing of Form 67: ITAT Mumbai
Section 11(3) Amendment Not Retrospective: ITAT Pune; Deletes ₹90 Cr Addition
Deduction u/s. 10AA allowed on interest received from fixed deposits and loans to employees
Delay in filing Form 10-IC condoned as genuine hardship shown: Allahabad HC
Notices issued without compliance with Non-Faceless assessment procedure was invalid
Reassessment notices issued by JAO instead of FAO was not valid
Order quashed as notices/ communication sent to old email address
HC Accepts Apology, Sets Aside NFAC Order Passed in Violation of Its Earlier Order
Faceless Assessment & Section 148: Jurisdictional Challenges & Recent Judgments
ITAT Delhi Upholds Deletion of addition for Mistaken Capital Liability Classification
PCIT Cannot Invoke Revision on Matter Pending Before CIT(A): ITAT Delhi
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.
