Income Tax
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Reassessment Upheld as Section 148 Notice Issued Within Limitation Despite clerical error in email attachment
ITAT Chennai Allows Transit Shortage Payment claim which was Compensatory Not Penal
Capital Gains Tax in India: Short term vs Long term- A critical legal analysis
Delhi HC Restores Section 10(23C)(vi) Exemption as Franchise Fees Held Incidental
Section 80-IC Deduction Denied on Duty Drawback, But Netting of Duties Allowed
Reassessment Quashed as Escaped Income Below ₹50 Lakh Threshold: ITAT Mumbai
12AB Registration Rejection Set Aside Due to Denial of Opportunity to Furnish Documents
Unrealized MTM Loss on Benchmark Linked Debentures Allowed as Deductible Expense
No Section 263 Revision When Two Views Possible on Section 28 Interest on Enhanced Compensation
Bombay HC Stays Section 270A Penalty as Prima Facie Deduction Was Claimed Under Prevailing Law
Bogus Purchase Addition Quashed as GST Records Proved Genuineness: ITAT Lucknow
Unsecured Loan Addition U/s 68 Deleted; Banking Repayment & Identity Proved, No Need to Prove Source of Source – ITAT Ahmedabad
ITAT Ahmedabad Denies Section 270AA Immunity Due to Failure to File Form 68
Draft Income Tax Rule 38 – Conditions for Notification of Agricultural Extension Projects under section 47(1)(a) of the Act
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.
