Income Tax
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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
ITAT Pune Set Aside Section 69A Addition as Reopening Notice Was Time Barred
CIT(E) Cannot Suspend Tax Benefits Based on Possible Future Litigation Outcome: ITAT Mumbai
ITAT Mumbai Quashes Reassessment Because It Was Based on Mere Change of Opinion
ITAT Deletes Section 68 Addition as Assessee Proved Identity, Creditworthiness & Source of Source
ITAT Deletes Section 43CA Addition as DVO Valuation Difference Was Within 10% Safe Harbour Limit
Stamp Duty Value Cannot Be Adopted Without DVO Reference When Property Title Is Disputed
AO Must Refer Property Valuation to DVO When Stamp Duty Value Is Disputed: ITAT Delhi
In TDS Payment dispute, filing of Sale Deed documents was necessary to prove sale consideration
A single incorrect entry in Part-D of Form 145 could trigger a tax department inquiry
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.
