Income Tax
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CIT(A) cannot Change Section of Addition from 69C to 69B Without Notice: ITAT Delhi
ITAT Upholds Section 270A Penalty as Assessee Failed to File Return Despite TDS on Interest Income
Presumptive Audit Controversy: Profit Trigger vs Turnover Trigger
ITAT Condones Appeal Delay as Income Tax Portal Glitches Constituted Sufficient Cause
PCIT’s 263 Order Quashed: Goodwill Depreciation Allowed in Slump Sale Acquisition
Canara Bank Wins on Multiple Tax Issues; Bangalore ITAT Dismisses Revenue’s 18 Grounds of Appeal
No Section 69C addition Merely Due to Absence of Farmers’ PAN Details
Reassessment Invalid as AO Made No Addition on Recorded Reasons for Reopening: ITAT Delhi
ITAT Restores Section 80G Application as Section 12AB Registration Was Already Directed
ITAT Quashes Section 153C Assessments as Block Period Must Be Counted From Satisfaction Date
ITAT Remands Cash Deposit Addition Case due to Lack of Merit-Based Adjudication
ITAT Allows Set-Off of Amalgamated Company’s Losses as Section 72A Conditions Were Fulfilled
Rs. 51 Lakh Section 270A Penalty Quashed as Employee Relied on Form 16 in Good Faith
SC Dismisses Revenue’s SLP as Issues on Investment Diminution Already Covered by Earlier Ruling
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.
