Income Tax
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ITAT Deletes Protective Addition as Partner Cannot Be Taxed for Firm’s Alleged Bogus Purchases
Calcutta HC Stays Coercive Action as Reassessment for AY 2015-16 Was Alleged to be Time Barred
ITAT Restores Addition Dispute as DGFT Import-Export Data Was Not Shared With Assessee
Share Premium Addition Removed as ITAT Finds No Cross-Examination of Alleged Entry Operator
ITAT Directs Rectification of ₹3.84 Crore Demand Due to Clerical Error in Return Filing
ITAT Dismisses Revenue Appeal as Education Cess Exclusion Reduced Tax Effect Below ₹60 Lakh
No Tax on Deemed Rent of Unsold Flats as Builder Treated Them as Business Stock: ITAT Pune
No Double Taxation Allowed Even if Expense Claim Found Non-Genuine: ITAT Mumbai
DSIR’s Partial Approval Cannot Restrict Pre-2016 R&D Deduction Claim: ITAT Chennai
Gift from Mother Treated as Cash Credit: ITAT Allows Fresh Hearing
Satisfaction Note Without Link to Income Held Invalid: ITAT Cancels Section 153C Proceedings
Penny Stock Loss Addition deleted in absence of Share Price Manipulation Evidence
No TDS Disallowance on Branch Transfer & Remuneration to Partner
SC Upholds Reassessment as Approval Stating “Fit Case” Was Held Valid
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.
