Income Tax
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Karnataka HC Remands Reassessment as Petitioner Failed to Participate Due to Auditor’s Lapse
ITAT Deletes MAT Adjustment as Section 115JB Not Permit Exclusion of Alleged Bogus Loss
ITAT Reduces Profit Estimation as Assessee Acted Only as Pass-Through Entity Earning Thin Commission Margins
12A Registration Cannot Be Rejected Solely for Wrong Clause Selection in Form 10AB: ITAT Nagpur
Gujarat HC Quashes Reassessment as Reopening Was Based on Unverified Complaint
Transfer of leasehold property with constructed building attracted Section 50C
Section 154 Rectification Valid as DSIR Form 3CL Determined Eligible R&D Deduction
Unsigned Section 148 Notice Held Valid Due to Mention of AO Name and Designation
Assessment Order Quashed Due to Email Communication Issue Despite Valid Section 148 Notice
ITAT Delhi Quashes Reassessment Orders for Failure to Provide Reasons for Reopening
Opening Balances Cannot Be Added Under Section 68 as They Relate to Earlier Years
SC Upholds Delhi HC Ruling as Reassessment Was Based on Changing Grounds
Delhi HC Quashes Reassessment as Income Tax Department Changed Grounds Midway
SC: Interest on Borrowed Funds Allowed Even for Investment Through Group Concerns – Commercial Expediency Prevails
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.
