Income Tax
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Family Disputes & Mental Distress Are Valid Grounds for Delay Condonation: ITAT Delhi

No Coercive Income Tax Recovery After 7-Year Delay in Appeal Disposal: Andhra Pradesh HC

Delhi ITAT: Genuine Depreciation Claim Cannot Be Denied for Schedule DPM Omission

Delhi ITAT: Section 12AB Registration Cannot Be Cancelled for Engaging Builder for Staff Housing Project

Delhi ITAT: Enhanced Security Expenses During Directors’ Dispute Are Allowable Business Expenditure

Alleged Commission Addition Cannot Rest on Loose Third-Party Papers & WhatsApp Chats: ITAT Delhi

Uncorroborated WhatsApp Chats Alone Cannot Sustain Section 69A Addition: Delhi ITAT

Section 68 Addition Deleted for Loan Funded from Bank Borrowing: ITAT Rajkot

Donations from Identified Donors Cannot Be Taxed as Anonymous Donations: Delhi ITAT

Assessment Ignoring DRP Directions on Transfer Pricing Adjustment Quashed: ITAT Delhi

No Addition Where Stamp Duty Value Difference Is Within Tolerance Limit: ITAT Rajkot

No Section 271(1)(c) Penalty if Reopened Return Was Accepted Without Any Addition: ITAT Delhi

Delhi ITAT: Demonetisation Addition Deleted Despite No Cash Balance in Earlier Section 44AD ITRs

No Section 14A Disallowance Without Exempt Income; Wrong TDS Section Doesn’t Trigger Section 40(a)(ia): Delhi 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.

