Income Tax
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ITAT Chennai Deletes Addition Based Solely on Third-Party Statement in Reopened Assessment
Missed Deadline, Lost Income Tax Refund: Is Government Profiting from Taxpayers’ Mistakes?
25 Important Income Tax Return Filing Checklist Points for Taxpayers
Section 12AA Registration Cannot Be Cancelled on Mere Capitation Fee Allegations: ITAT Chennai
No Reassessment Addition Without Addition on Recorded Reason: ITAT Surat
Hub Expenses and Broken Period Interest Allowed: ITAT Mumbai
Genuine Business Purchases Cannot Be Disallowed Over Contract Expiry: ITAT Delhi
Section 13 Violation Does Not Warrant Denial of Entire Section 11 Exemption: ITAT Delhi
Section 148 Reassessment Notice Quashed as Time-Barred Under Section 149: ITAT Cochin
Section 69 Addition Deleted for Home Loan Cash Deposits: ITAT Delhi
Section 68 Additions for Demonetisation Cash Deposits Deleted: ITAT Raipur
Section 69A Addition Set Aside as Beyond Scope of Appeal: Allahabad HC
HC Order Quashing Section 148 Reopening Upheld; SLP Dismissed: SC
Section 148 Notice Quashed for Lack of Independent Application of Mind: Gujarat HC
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.
