Income Tax
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ITAT Quashes Section 143(1) Order for Failure to Issue Mandatory Prior Intimation
ITAT Deletes On-Money Addition as Unsigned Agreement & Third-Party Records Lacked Evidence
Search Assessment Notices Quashed as They Fell Beyond Ten-Year Block Period: SC
ITAT Quashes Assessment as Final Order Was Passed Beyond Section 144C(13) Time Limit
ITAT Grants Relief on Corporate Guarantee, R&D; Disallows Doctors’ Freebies
Delhi HC Dismisses Assessment Passed Beyond Section 144C Time Limit
ITAT Quashes Assessment as Jurisdiction Was Not Validly Transferred Under Section 127
Allahabad HC Dismisses Revenue Appeal as Section 148 Notice Was Issued Without Jurisdiction
ITAT Deletes Section 271D Penalty as AO Did Not Record Satisfaction
ESOP Deduction to Be Computed on Straight-Line Basis: ITAT Delhi
ITAT Quashes Assessment as Jurisdictional AO Failed to Issue Mandatory Section 143(2) Notice
Gujarat HC Upholds 6% Addition as Bogus Purchase Estimation Was Based on Concurrent Findings
Gujarat HC Upholds 5% Bogus Purchase Addition for Lack of Independent Enquiry
ITAT Deletes Section 68 Addition as Loan Was Repaid Before Assessment
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.
