Income Tax
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Section 132(4) Statements Alone Insufficient Without Supporting Evidence
Section 153A Assessment Quashed for Mechanical u/s 153D Approval
No Double Penalty for Same Default Under Sections 271A and 271B: ITAT Chennai
Final Assessment Quashed for Breach of Statutory Time Limits
ITAT Mumbai Rejects Section 68 Additions on Alleged Circular Loans
Only Profit Element Taxable in Bogus Purchase Cases: ITAT Mumbai
Section 80G Renewal Cannot Be Denied for Curable Defects or Proposed Object-Clause Amendment
Reassessment Quashed for Being Initiated by Wrong Authority Under Faceless Scheme
ITAT Chennai Orders De Novo Examination in Search Case Involving ₹200+ Crore Notings
Section 69A Addition Cannot Be Challenged Through 154 Rectification: ITAT Indore
ITAT Surat Upholds Reopening but Restricts Bogus Purchase Addition to 5% of Purchases
Section 153C Proceedings Quashed for Lack of Incriminating Material: ITAT Chennai Sets Aside ₹597+ Crore Additions
Reassessment Notice Issued by Jurisdictional AO Invalid Post 29.03.2022: ITAT Chennai
Demonetization Cash Deposits Accepted as Genuine Business Receipts
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.
