Income Tax
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Limited Scrutiny Breach &; Explained Cash Deposits – Addition Deleted
Bogus Purchase Addition Restricted to Profit Element: ITAT Grants Relief
Reopening on Change of Opinion Invalid: ITAT Quashes Entire Assessment
Section 153C Assessment Quashed Over Unsigned Seized Document: ITAT Hyderabad
Unexplained Jewellery Investment addition Upheld as Refund Credited in Assessee’s Account
CIT(A)’s Non-Speaking Order & Failure to Address Legal Ground- Matter Remanded
Section 12AB Registration Cannot Be Denied for Missing Irrevocability Clause Alone: ITAT Follows Bombay HC
Reassessment Time-Barred Despite TOLA & Ashish Agarwal: ITAT Upholds Quashing
Voice Termination Charges Not Royalty Due to Absence of Secret Process Under DTAA
Mass Relief on 234E Fees: ITAT Deletes Levy for Pre-01.06.2015 Period
Penalty Deleted as AO Failed to Specify Exact Section 271(1)(c) Charge: Delhi HC
Penalty Quashed as Notice Failed to Specify Exact Section 271(1)(c) Charge: ITAT Raipur
DVO Valuation Without Notice Invalid: Matter Remanded for Fresh Determination
Section 56(2)(x): Stamp Value on Booking Date to Apply – ITAT Deletes 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.
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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.
