Income Tax
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Delay Due to COVID Considered Sufficient Cause: ITAT Condones 820 & 873 Days’ Delay in Filing Appeals
Income Tax Appeal Before Wrong Forum; HC Allows Correction & Stays Recovery for a Month
Recomputation of Losses and Depreciation Valid Under Section 263: HC Dismisses Appeal
Reassessment Proceedings Stayed by HP HC Citing Pending SC Judgment
Section 80P Deduction Not Available for Section 68 Unexplained Cash Credits
TDS Mismatch Not Sufficient to Reject Return or Deny Refund: Delhi HC
Ex-Parte Assessment Order Quashed as Notices Were Sent Only to Auditor’s Email
Section 271(1)(b) Penalty Quashed Due to Misapplication of Law & Facts
ITAT Allows Exemption Under Section 11 Despite Delay in Filing Form 10B
₹28.88 Lakh Addition reduced to ₹3.88 Lakh in Demonetization Cash Addition Case
ITAT Deletes Adhoc Disallowance on URD Cash Purchases in Jewellery Business
Ex-Parte Tax Order Set Aside as Assessee’s Counsel Faced depression & memory loss
No Section 50C Addition if Consideration Follows Pre Circle Rate Hike Agreement
ITAT Restores 12AB Registration Application, Citing Lack of Proper Hearing by CIT(E)
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.
