Income Tax
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ITAT Deletes Section 143(1) Adjustment as Revenue Failed to Prove Notice Issuance
Section 80J Deduction Denied as Audit Report Was Never Filed: Bombay HC
Additional Depreciation Can’t Be Denied for Non-Filing of Form 3AA With Return: SC
SC Dismisses Appeals as Income Tax Department Failed to File Claim in CIRP
Pre-1 Oct 2009 Share Gifts Not Taxable Under Section 56(2)(vii)(c): ITAT Mumbai
ITAT Quashes Reassessment as Reasons Recorded for Section 148 Notice Were Unsigned
Madras HC Condoned Delay in Filing Income Tax Return as Farmers Should Not Suffer for Society Officials Lapse
Delhi HC Allows Capital Gains Deduction for Settlement Payment Made to Clear Prior Sale Agreement
ITAT Deletes FTS Addition Because India-UAE DTAA Contains No FTS Clause
ITAT Deletes Section 80GGC Disallowance as No Evidence Linked Donation to Accommodation Entry Scheme
Settlement Proceedings do not invalidate assessments passed under Court’s interim liberty
Excess Stock Found During Survey Is Business Income, Not Deemed Income u/s 69A: Bangalore ITAT
Bogus Purchase Addition Can’t Be 100% When Sales Are Accepted: ITAT Mumbai
CIT(A) Cannot Dismiss Appeal for Non-Prosecution Without Deciding Merits: ITAT Pune
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.
