Income Tax
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Faceless Reassessment Amounting to Best Judgment Assessment Can Be Remitted by CIT(A)
Low Declared Income Alone Cannot Negate Creditworthiness – Section 68 Addition Deleted
Assessment Quashed for Expanding Scope from one Unit to 119 Apartments Without Section 148A Notice
Kerala HC Orders Fresh Review of 12A Registration Claim as CBDT Circular Was Not Considered
Bombay HC Grants Anil Ambani Protection from Coercive Action
ITAT Delhi Quashes Search Assessments Due to Mechanical Section 153D Approval
ITAT Deletes FTS Addition as Standard Cybersecurity Software Sales Were Not Technical Services
SC Upholds Reassessment Quashing as No Exempt LTCG Was Claimed in Penny Stock
No Evidence of Penny Stock Exemption Claim, Calcutta HC Quashed Reassessment
AO Failed to Record Mandatory Conditions for Reopening: ITAT Deletes ₹13.10 Crore Share Capital Addition
Madras HC Orders Fresh Review of Chartered Shipbrokers’ Section 2(15) Tax Exemption Status
Retrospective Amendment Requires Addition of Bad Debt Provision to MAT Profits: Madras HC
ITAT Deletes Interest Disallowance as AO Failed to Prove Borrowed Fund Diversion
Reopening Fails When AO Taxes a Different Income Than the One Recorded in Reasons
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.
