Income Tax
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Reassessment notice issued by non-jurisdictional AO is bad-in-law
Protection against clutches of 69A not available by mere disclosing and paying tax
Adoption of Percentage Completion Method not justified as Project Completion Method accepted in earlier years
Deduction u/s. 80P(2)(d) towards interest from co-operative bank allowed: Gujarat HC
No penalty u/s 271(1)(c) as ALP recomputed by TPO was invalid as assesee followed prescribed method (TNMM) u/s 92C
No Section 271(1)(c) Penalty for Section 54F exemption claim with conflicting views
CBI Arrests Income Tax Officials in Patna for Bribe
Division Bench Allows Income Tax Appeal Despite Delay; Limitation Not a Bar
Case Analysis – Section 153C Notice Validity – Neeraj Bharadwaj Vs ACIT & Anr.
ITR-2 Made Simple: A Step-By-Step Guide With Detailed Calculations
ITAT Mumbai Dismisses Revenue Appeal on Deemed Rent
When Honesty Pays: Income Tax Department’s Action on Fake Claims
How Can Non-Residents Avail Beneficial Income Tax Rates Under DTAA?
Consequences of Non-Filing Income Tax Returns: Guide & Penalties
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.
