Income Tax
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Telangana HC Rejects Writ Against Income Tax Intimation Due to Delay, Directs Assessee to Approach ITAT
Political Donations under Section 80GGC: Legal Challenges & Strategies
Reassessment Quashed as AO Used Section 147 Instead of Mandatory Section 153C
ITAT Deletes Section 68 Addition as Customer Advances Were Regular Business Receipts
Section 263 Proceedings Quashed as AO’s Order Was Not Erroneous in Jewellery Case
ITAT Quashes Section 270A Penalty as AO Failed to Specify Exact Clause
Penalty for Unsecured Loans Not Automatic Merely for Section 68 Addition: ITAT Bangalore
CIT(E) Cannot Reject 12AB Registration Merely Because Trust Is Religious: Bangalore ITAT
Bangalore ITAT: Teaching Arabic & Islamic Studies Is “Education”, Not Religious Activity – U/s 12AB & 80G Approval Directed
Bangalore ITAT Grants Relief in Section 50C Addition – DVO Valuation in Co-Owner’s Case Accepted Over Stamp Duty Value
ITAT Deletes Addition Because Stamp Duty Value Ignored Illegal Construction
Bangalore ITAT Slashes Estimated Profit from 15% to 7% – Best Judgment Assessment Cannot Be a “Blind Guess”
Mumbai ITAT in Sonu Sood Case: Fresh Statement u/s 131 During Search Can Reopen Completed Assessments
When Filing Income Tax Return Is Compulsory Even Without Taxable Income
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.
