Income Tax
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Section 153A Additions Rejected for Absence of Search Incriminating Material: Bombay HC
Section 148 Reassessment Appeal Dismissed as Proceedings Continued Against Deceased Assessee: Calcutta HC
False Income Tax Verification Sustains Conviction Under Section 277: Jharkhand HC
Section 68 Addition on Demonetisation Cash Deposits Deleted for Recorded Cash Sales: ITAT Jaipur
Section 37(1) Business Expenditure Allowed Following Consistent Earlier ITAT Rulings: ITAT Pune
Penalty Appeal Decided as Assessment Appeal Violates Section 250(6): ITAT Indore
Cash Deposits for Digital Money Transfers Not Unexplained Income: ITAT Kolkata
Interest on Surplus Bank Deposits Eligible for Section 80P(2)(a)(i) Deduction: ITAT Kolkata
Section 270A Penalty Deleted as Bombay HC Quashed Section 148 Reassessment Notice: ITAT Mumbai
Consistent Stock Valuation Without Book Rejection Cannot Be Altered: ITAT Kolkata
Section 69A Addition Deleted as AO Relied Only on Investigation Report: ITAT Mumbai
Voluntary Income Disclosure in ITR Does Not Attract Section 271(1)(c) Penalty: ITAT Jaipur
No Section 271(1)(c) Penalty on Estimated Bogus Purchases Addition: ITAT Jaipur
Section 270A Penalty Deleted as Expense Disallowance Is Not Misreporting: ITAT Bangalore
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.
