Income Tax
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Gujarat HC Quashes Section 143(3) Assessment for Granting Only Three Days to Reply
Bhagavad Gita Teachings Not Religious Propagation, 80G Approval Allowed: ITAT Chandigarh
Bangalore ITAT Excludes Infosys, L&T Infotech, Persistent from TP Comparables
Excludes High-Turnover Comparables in Software Development TP Case: ITAT Bangalore
Section 68 Addition Not Justified by Demonetisation Sales Spike Alone: Lucknow ITAT
Same Cash Deposits Cannot Be Taxed Twice Under Different PANs: ITAT Chandigarh
Section 263 Valid Where AO Dropped Bogus Purchase Addition Without Enquiry: ITAT Chandigarh
Only Commission Income Taxable on Bogus Purchases; Entire Turnover Cannot Be Added: ITAT Delhi
Interest-Free Loans to Charitable Trusts Do Not Deny Sections 11 & 12 Exemption: ITAT Delhi
Second Section 148 Notice During Pendency of Earlier Reassessment Is Invalid: Delhi ITAT
Delhi HC Quashes Section 153C Proceedings as Seized Documents Did Not Belong to Assessee
HC Condones Delay Under Section 119(2)(b), Allows Carry Forward of Capital Loss
Reassessment on Borrowed Satisfaction Invalid; Section 153C Must Apply: ITAT Ahmedabad
COVID-19 Hardship Justifies Delay Condonation Under Section 119(2)(b): Gujarat HC
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.
