Income Tax
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ITAT Hyderabad Quashes Reassessment Made in the Name of Deceased Assessee
Pune ITAT: AY 2016-17 Reassessment Quashed; PCIT Sanction Invalid Beyond 3 Years
Pune ITAT: 25% Addition Limited to ₹16.54 Crore Unproved Purchases, Not to Entire Purchases
Pune ITAT: Reopening Beyond 3 Years Quashed; ₹12.56 Lakh Escapement Below ₹50 Lakh Threshold
Mumbai ITAT: 19 Search Appeals Restored for 153A, 153D Approval & Limitation Review
Mumbai ITAT: LP Steam Not Nil-Cost By-Product; ₹32.20 Crore Section 80-IA Deduction Allowed
Loose Sheets Without Corroboration Cannot Sustain Capitation Fee Addition: Karnataka HC
Bangalore ITAT: TDR Sale Taxable as Capital Gains After Deducting Surrendered Land Value
Karnataka HC: No TDS on Compensation for Compulsory Land Acquisition
Karnataka HC: Capitation Fee Additions Deleted Following Earlier Judgment
Karnataka HC: Section 41(1) Addition Deleted for Lack of Evidence of Liability Cessation
Karnataka HC Upholds Section 12A Registration; No Automatic Sections 11–12 Exemption
Karnataka HC: CAT Can Reconsider Pay Parity Claim as Fresh Decision Not Barred by Res Judicata
Karnataka HC: Section 271(1)(c) Penalty Reconsideration Ordered After Assessment Revival
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.
