Income Tax
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Calcutta HC Quashes Income Tax Section 154 Order Against Deceased Person
Second Opinion of AO cannot be Ground for Section 263 invocation
TDS Credit Cannot Be Denied for Employer’s Lapse: HC Quashes Income Tax Demand
ITAT Upholds PCIT’s Directive on Loan Interest and Section 14A disallowance
Mere change of opinion: Bombay HC Quashes Tax Section 148 Reopening notice
Filing Form 10B After Due Date Doesn’t Bar Sections 11 & 12 Exemption: ITAT Kolkata
Textbook Sales Surplus Qualifies for Section 11 Exemption: ITAT Delhi
Madras HC: 80HHC Deduction Allowed Without Adjusting 80IB, Follows SC
SpiceJet Aircraft Lease Rent Taxable in Ireland Under Tax Treaty
ITAT Pune Clarifies Taxability of Leave Encashment received from DOT & BSNL by same Employee
Lack of Opportunity: ITAT Patna Orders Fresh Scrutiny of ₹2.15 Crore Demonetization Deposits
Penalty u/s 271(1)(c) Not Sustainable for Bona Fide 54F Claim Delayed by Builder Default: ITAT Delhi
Mechanical Approval Voids Income Tax Search Assessments: Allahabad HC
ITAT Delhi quashes Income Tax Search Assessments on Approval Defect
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.
