Income Tax
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Section 264: Revisional Authority Can Review Existing Orders, Cannot Direct AO
Land Acquisition Interest is Capital Receipt: Delhi ITAT
Refund of money from earlier advances cannot be added under Section 68
Reassessment u/s. 148 based on suspicion without cogent material is bad-in-law
Medical Treatment withdrawals Earlier: ITAT Deletes Cash Deposit Addition
CBDT approves IQRAA International Hospital and Research Centre for scientific research exemption
CBDT Approves Gitarthganga for Social Science or Statistical Research Tax Deduction
Form 10-IEA: How to Opt Old Tax Regime for FY 2024-25 (AY 2025-26)
CBDT Extends Deadline for Condoned ITRs with Pending Income Tax Refunds
Reassessment was valid where audit objections could qualify as “Information” u/s 148A
Deduction of depreciation was allowable as expenditure on Leasehold Premises classified as capital expenditure
ITAT Mumbai quashes Sections 271(1)(c) Penalty for Lack of Additions in Reassessment
SOP prescribed under Faceless Assessment Procedure not followed: Matter remanded
Taxes Through Time: How Ancient Tax Systems Shaped Modern Taxation
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.
