Income Tax
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SC Judgment in McDowell Redefined Tax Avoidance in India
Buy-Back Taxation Shift to Shareholders from 1st October 2024
Section 148 Notice Based on Search Material Held Without Jurisdiction: Bombay HC
Section 147 Reopening Invalid Where Section 153C Procedure Applies: Karnataka HC
Section 147 Reopening Invalid Where Section 153C Applies: SC
Section 148 Reopening on Stale Search Material Invalid: ITAT Kolkata
Section 153C Applies to Third-Party Search Material; Section 147 Reassessment Invalid: Kolkata ITAT
Section 69A Addition Deleted for Undated Seized Paper Without Corroboration: ITAT Delhi
Assessment on Non-Existent LLP & Goodwill Depreciation Allowed: ITAT Ahmedabad
Reassessment & Penalty Orders Against Deceased Person Are Nullity: Gujarat HC
Section 153C Six-Year Period Runs From Receipt of Seized Material: SC
Pune ITAT Deletes Section 271(1)(c) Penalty for VSI Contribution & Section 244A Interest
Skill Development Institution Qualifies as ‘Education’; Section 12AA/12AB Registration Restored: Pune ITAT
Section 271E Penalty Cannot Survive Without Recorded Satisfaction: SC
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.
