Income Tax
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PMLA Bail Plea Gets Strict ‘First Hour-Second Hour’ Timeline with Parity Consideration: Orissa HC
₹1.44 Cr Cash Salary Addition Restored as CIT(A) Ignored Search Evidence: ITAT Delhi
Income Tax Appeals Infructuous After IBC Liquidation & Going Concern Sale: ITAT Mumbai
Section 69 Addition Impermissible Without Proof of Sham Share Transactions: ITAT Mumbai
Section 271(1)(b) Penalty Unsustainable Without Deliberate Default: ITAT Raipur
Interest on Unspent Government Grants Retains Grant Character Under Section 10(23C): ITAT Chandigarh
Section 148 Reopening Invalid Without Independent Application of Mind: ITAT Delhi
Section 277 Conviction Upheld for False Tax Refund Claim Using Forged Documents: Jharkhand HC
Section 153C Assessment Beyond Ten-Year Block Period Invalid: ITAT Delhi
Stay on Income Tax Recovery Subject to Delay Condonation in Statutory Appeal: Kerala HC
Section 69C Addition Deleted as Source of Purchase Payments Was Explained: ITAT Mumbai
Section 120 Jurisdiction Must Follow CBDT Notification; Assessment Quashed: ITAT Patna
Management Support Fees Not FTS Without ‘Make Available’ Under Article 12(4): ITAT Mumbai
CIT(A) Cannot Replace Section 68 for Section 69A Without Hearing: ITAT Raipur
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.
