Income Tax
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Mere Tax Payment Delay Insufficient for Section 276C(2) Prosecution: Madras HC
Ahmedabad ITAT: Section 54F Covers Post-Purchase Reconstruction; Cost Includes Renovation
ITAT Deletes ₹4.34 Lakh Addition Where Foreign Currency Belonged to Sister-in-Law
CBDT Notifies Panchkula Legal Service Authority for section 11 Income Tax Exemption
CBDT Notifies Panchkula Legal Services Authority for Section 10(46) Exemption
Jaipur ITAT: Section 153(3) Not Applicable to U/s 12AB/80G; CIT(E) Must Allow Records
Kolkata ITAT Upholds ₹2.79 Crore Section 68 Addition on Penny Stocks; Credit Need Not Be Cash
Section 48 bars Double Deduction of Interest on Borrowed Capital for House Property
Delhi ITAT: Section 44AD Cannot Be Forced Without Assessee’s Option
Delhi ITAT Quashes Reassessment for No Section 143(2) Notice, Section 292BB Inapplicable
ITAT Chennai: SBI Not Assessee in Default – HC Interim Order Barred TDS on Foreign LFC
ITAT Raipur Quashes Reassessment Where PCIT Approved Notice Beyond Three Years
Delhi HC: Reassessment Fails – PCIT Lacked Authority to Grant Approval Beyond Three Years
ITAT Raipur: Reassessment Set Aside – Jurisdiction Failed Due to Missing Section 127 Transfer Order
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.
