Income Tax
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Faceless Assessment Quashed for Granting Only 2 Days to Reply: Karnataka HC
JAO Reassessment Notice Restored After Retrospective Section 147A Amendment: Karnataka HC
JAO Reassessment Notices Restored After Section 147A Amendment: Karnataka HC
Ancillary Software Services Not Taxable as FTS or Royalty: Karnataka HC
Search Additions Cannot Rest on Statements Alone; Corroborative Evidence Essential: Karnataka HC
Assessment Order Valid Despite Initial Absence of DIN if Subsequently Communicated: Karnataka HC
Section 271DA Penalty Time Limit Runs from JCIT Notice, Not AO Reference: Karnataka HC
Section 69A Addition Reduced from ₹2.26 Crore to ₹5 Lakh as Cash Deposits Explained: ITAT Delhi
CIT(A) Can’t Reject Time-Barred Appeal Without Hearing on Condonation: ITAT Delhi
Section 148 Notice Quashed as Escaped Income Below Section 149(1)(b) Threshold: Calcutta HC
No Section 68 Addition Merely Due to Changed Trading Pattern in Demonetisation: ITAT Lucknow
Section 148A Order Quashed for Ignoring Assessee’s Reply: Calcutta HC
Section 69A Addition Deleted as Cash Withdrawals Explained Demonetisation Deposits: ITAT Mumbai
Mere HC Appeal Can’t Justify Denial of Section 12AB Renewal: ITAT Mumbai
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.
