Income Tax
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Reassessment Invalid as AO Failed to Issue 143(2) Notice After Belated Return
AO Cannot Apply 50% Presumptive Tax Rate Without Proof of Professional Income
No Tax on Property Deals Within 10% Gap: ITAT Allows Safe Harbour on DVO Value
Companies with significantly higher turnover are not comparable: ITAT Bangalore
On-Money Additions Deleted as Based Solely on Third-Party Excel Data Without Proof & Opportunity to Cross-Examine Witness
ITAT Upheld 200% Penalty for Bogus Political Donation Under Section 80GGC
Special Income Tax Audit Invalid Due to Lack of Proven Complexity in Accounts: Delhi HC
Extended 10-Year Reassessment Window Cannot Exclude Search Year: Gujarat HC
LTCG Addition Deleted: No Evidence Linking Assessee to Penny Stock Scheme
Bombay HC Quashes Reassessment for Invalid Section 151 Approval
CSR Reassessment & 80G Denial Based Only on Audit Objection Invalid: Bombay HC
CBDT Notifies India-Japan Tax Recovery Pact
Reassessment Fails When Original Reason Disappears – ITAT Chennai Quashes Entire Proceedings
ITAT Quashes Reassessment for Missing Sec 143(2) Notice even after Section 148 Return
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.
