Income Tax
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No Satisfaction in Assessment Order: ITAT Surat Quashes Section 271D Penalty
Employees Need Not Pay Tax Again if Employer Failed to Deposit TDS: ITAT Kolkata
Section 153C Notices Quashed as Satisfaction Note Was Recorded Nearly 10 Months Late
Bombay HC Dismissed Revenue Appeal as It Did Not Challenge CIT(A)’s Order
Employer Not Liable to Refund TDS Due to Non-Filing of Form 10E: Madras HC
Foreign Tax Credit Cannot Be Denied Solely Due to Belated Form 67: ITAT Kolkata
Delay in Filing Form 10B Condoned as Covid-19 Caused Genuine Hardship: Orissa HC
ITAT Deletes GST Refund Addition as Tax Was Not Claimed as Expenditure
Section 54 Exemption Must Be Computed Asset-Wise as Each House Transfer Is a Separate Source of Capital Gain: ITAT Bangalore
Bogus Purchase Questions Left Open After Revenue Appeal Rejected for Low Tax Effect
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.
