Income Tax
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No Addition on Reopening Issue, No Addition on Any Other Issue: Bangalore ITAT Quashes Reassessment
I Sold Listed Shares & Made INR 3 Lakh Profit – How Is LTCG Taxed Now?
ITAT Deletes Section 69 Addition Where Investment Was Made Through Tenant’s Cheque and Properly Explained
Genuine Application of Income Cannot Be Denied for Mere Reporting Mismatch in Return
Bangalore ITAT Restores Section 50C & Section 54F Issues; CIT(A) Cannot Dismiss Appeal for Non-Prosecution
Wrong Section, Wrong Assessment: Bangalore ITAT Annuls Section 143(3) Order Passed After Search
Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments
Form 3CD Reporting Error Not Sufficient to Deny Bonus Deduction: ITAT Bangalore
ITAT Remands Cash Deposit Addition as Documentary Evidence Was Not Examined
FAQs on Income Tax e-Verification Scheme 2021
ITAT Hyderabad Deletes Section 69 Addition as Dumb Document Lacked Evidence
ITAT Allows Foreign Tax Credit as Delay in Filing Form 67 Is Procedural: ITAT Visakhapatnam
Section 80P Deduction Denied as Return of Income Was Not Filed Before Assessment
Sale of Ancestral Property Taxable as Capital Gains not as Income from Other Sources
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.
