Income Tax
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A Recovery Letter Cannot Become an Appeal Order Merely by Calling It One in Form 35
Delayed Section 234E Appeals Dismissed Without Deciding Levy Merits: ITAT Pune
Wrong Authority Approved Reopening; Section 263 Could Not Repair It
PCIT Approval Cannot Sustain Reopening After Three Years: ITAT Mumbai
143-Day Appeal Delay Condoned on Partner’s Illness: ITAT, Bangalore Bench
Assessment of Firm After Conversion Into Company Quashed: ITAT Dehradun
Service Tax Delay Interest Is Compensatory and Deductible: ITAT Mumbai
GST Interest Allowed but Delayed TDS Interest Disallowed; Travel Addition Deleted: ITAT Indore
CSR Donations Eligible for Section 80G Deduction; Section 263 Revision Quashed: ITAT Mumbai
Sunday or Holiday Extends EPF and ESIC Payment Due Date: ITAT Delhi
Covid Lockdown Delay in Employees PF Contribution Excused: ITAT Pune
Mere Low Income of Lenders Cannot Alone Justify Section 68 Addition: ITAT Delhi
Interest-Free Funds Bar Interest Disallowance; Book Profit Not Cash Credit: ITAT Jaipur
CIT(A) Cannot Direct Reopening of Another Year: ITAT Rajkot Quashes Addition
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.
