Income Tax
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Survey Surrender Is Not Concealment in the Return: Penalty of ₹1.18 Crore u/s 271(1)(c) Deleted
Wrong Box Ticked, Right to Approval Cannot Be Kicked: Form 10AB Application u/s 80G(5) Restored
AO Forgot Original Scrutiny: ₹3.25 Cr Addition u/s 68 Quashed
ITAT Deletes ₹4.10 Crore Estimated Profit Addition Based on Guesswork or Caprice
ITAT Restores Section 270AA Immunity Application for Fresh Consideration
Rajasthan HC Dismisses Immunity Plea for Section 270A Misreporting Penalty
Bombay HC Quashes Reassessment Initiated Against Deceased Assessee for AY 2021-22
Reassessments u/s 147/148 Quashed for Failure to Pass Speaking Order: Bangalore ITAT
Bangalore ITAT Condoned 119-Day Delay, Rejects Tax on ₹63-Lakh Sale Without Costs
GKN Breach Quashes ₹1.67-Crore Reassessment Addition u/s 68: Bangalore ITAT
882-Day Delay Condoned: Bangalore ITAT Rechecks Double Disallowance U/s 36(1)(va) & 40(a)(ia)
GST Demand Against Deceased Proprietor Invalid Without Statutory Machinery: Calcutta HC
FCCDs Are Not Shares Until Conversion: Bangalore ITAT Deletes ₹3.88-Crore Addition u/s 56(2)(viib)
ITAT Delhi Quashes Section 263 Revision on Section 28 Land Acquisition Interest
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.
