Income Tax
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ITAT Mumbai Quashes Reopening Over Incorrect Penny Stock Information Under Section 147
Delhi HC Upholds ₹19.25 Lakh Addition as Sale Deed Cancellation Suit Was an Afterthought
ITAT Agra Deletes Demonetization Cash Addition After Accepting Past Withdrawals
Karnataka HC Bars Section 69B Jewellery Addition in AY 2011-12 for Search in AY 2012-13
ITAT Chandigarh Upholds Section 12AB Rejection for Paid Student Transport Services
ITAT Pune Allows Section 80P(2)(d) Deduction on Bank Interest Due to Co-op Bank Investments
Income Tax Appeal Lies Where Assessment AO Is Located Not Where Assessee Lives: Karnataka HC
ITAT Remands ₹2.21 Crore Section 68 Addition on Cable TV Demonetisation Cash Deposits
ITAT Amritsar Lowers Profit Estimate from 1% to 0.55% on Liquor Sales
ITAT Mumbai Quashes Reassessment and Deletes FCTR Addition for Bank of Baroda
ITAT Hyderabad Quashes Reassessment Where PCIT Approved Notice Beyond Three Years
ITAT Hyderabad Allows New Tax Regime Benefit Despite Belated Form 10-IE Filing
Madras HC Sets Aside ₹2.04 Crore 26AS Assessment as Expenses Were Overlooked
ITAT Allows Section 54 Deduction Despite Residential Flat Completion Beyond Three Years
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.
