Income Tax
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CIT(A) Must Decide Jurisdiction Before Remanding Reassessment to AO: ITAT Raipur
Buyer’s Denial Alone Can’t Justify Section 69A Addition: ITAT Hyderabad
Section 147 Reassessment Quashed for Lack of Jurisdiction: ITAT Kolkata
Only Net Income of Trust Taxable Despite Section 11 Denial: ITAT Hyderabad
Section 271D Penalty Deleted on Journal Entry Loan Transfer: ITAT Mumbai
AO Cannot Demand Proof Once Bad Debt Is Written Off: ITAT Mumbai
Bona Fide Wrong Head of ESOP Income not Attracts Section 270A Penalty: ITAT Mumbai
WhatsApp Chats & Excel Sheets Can’t Justify Taxing Gross Receipts: ITAT Mumbai
Section 148A(b) Notice Giving Less Than 7 Days Is Unsustainable: Karnataka HC
Reassessment Quashed for Ignoring Assessee’s Reply: Karnataka HC
Department Directed to Decide Refund of Excess Tax Recovery: Karnataka HC
Reassessment Quashed for Non-Service of Section 148A(b) Notice: Karnataka HC
Business Advance Not Taxable as Forfeiture Due to Passage of Time: Karnataka HC
Assessment Order Treated as Fresh SCN; Demand Quashed: Karnataka 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.
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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.
