Income Tax
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Section 263 Order Void if Original Assessment Was Time-Barred: ITAT Kolkata
Section 68 Addition Restricted to Current-Year Credit; Loss Set-Off Allowed: ITAT Delhi
Section 148 Reassessment Quashed as Notice Issued Beyond Surviving Limitation Period: ITAT Ahmedabad
Section 194A TDS Not Applicable on Non-Recourse Sale of Receivables: ITAT Chennai
Section 148 Notice Quashed as Amended Section 55A Inapplicable: Gujarat HC
Working Capital TP Adjustment Deleted for Debt-Free Coca-Cola Entity: ITAT Delhi
₹4.65 Cr Commission Expenditure Allowed Without Revised Return: Gujarat HC
Joint Development Agreement Addition Set Aside for Fresh Factual Examination: ITAT Pune
Section 148 Reassessment Quashed as Change of Opinion Beyond Four Years: Gujarat HC
Capital Loss Allowed on Surrender of Flat Allotment Rights: ITAT Mumbai
Section 68 Addition Deleted & TP Comparables Included as Evidence Supported Claims: ITAT Mumbai
Section 148 Reassessment Quashed for Non-Disposal of Objections: ITAT Delhi
Section 80GGC Deduction Denied for Bogus Political Donation: ITAT Ahmedabad
ITAT Kolkata Deletes Section 68 Addition on Accepted Investment Transactions
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.
