Income Tax
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Bombay HC Quashes Section 148 Reassessment for Incorrect Facts & Non-Application of Mind
Kerala HC: No Section 201 Liability for TDS Omission Under Court Order
Calcutta HC: AO Cannot Make Other Additions When Reopening Reason Fails
Andhra Pradesh HC: 166-Day Delay Not Condoned Due to Repeated Non-Participation
ITAT Raipur: Ad Hoc Wage Disallowance Cut to ₹1 Lakh; Section 68 Additions Deleted
ITAT Pune Quashes Reassessment Based on Wrong Facts and Borrowed Satisfaction
Bombay HC Quashes Section 276CC Prosecution as Assessee Was Entitled to Refund
Bombay HC Dismisses Revenue’s Section 10A Appeal, Rejects Section 80IA(10) Profit Adjustment
Bombay HC Quashes Faceless Reassessment Order for Breach of Natural Justice
Registered Society Taxable at Normal Rates, Not Maximum Marginal Rate: ITAT Pune
ITAT Mumbai Deletes Section 68 Addition on Genuine Penny Stock LTCG Claim
Revenue Cannot Enforce Tax Claim Omitted from CIRP Resolution Plan: Bombay HC
ITAT Pune Allows Section 80IB(10) Deduction Despite Delayed Form 10CCB Filing
ITAT Amritsar Remands Section 12AB Registration due to Natural Justice Violation
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.
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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.
