Income Tax
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CPC Cannot Deny Section 11 Exemption for Delayed Form 10B in Section 143(1) Processing: ITAT Kolkata
CPC Cannot Pass Section 143(1) Intimation After Section 143(2) Notice: ITAT Kolkata
Commercial Label in Sale Deed Not Enough to Deny Section 54 Relief: ITAT Delhi
NRE Account Credits Cannot Be Taxed Without Proof They Are Unexplained: ITAT Ahmedabad
Directors’ Bonus Disallowance Cannot Be Made Through Section 154: ITAT Delhi
Reassessment Quashed as Section 143(2) Notice Was Issued Without Jurisdiction: ITAT Kolkata
ITAT Quashes Section 153C Assessment as Satisfaction Note Lacked Year-Wise Incriminating Material
Calcutta HC Dismisses Revenue Appeal as Section 115JB Not Apply to AY 2011-12
ITAT Allows Additional Depreciation on Dumpers as They Form Part of Plant & Machinery
Section 148 Notice quashed as Issuing Officer Had No Pecuniary Jurisdiction: ITAT Delhi
Reassessment Quashed as AO Failed to Decide Objections Before Assessment
Delhi HC Allows Fresh Vivad Se Vishwas Application as Assessment Order Existed Despite Interim Stay
Reassessment Quashed as Third-Party Loose Papers Had No Live Link with Assessee: Gujarat HC
Gujarat HC Quashes Reassessment as Reopening Was Based on Unverified Complaint
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.
