Income Tax
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Cash Advances Not Taxable Before Project Completion Under PCM
Addition Deleted for Wrist Watches Due to invocation of Section 69 Instead of 69A
Agreement to Sell Treated as Transfer Date; Section 54 Exemption Allowed: ITAT Mumbai
Share Valuation Can’t Be Based on Unrelated Transaction Prices: Delhi HC
ITAT Mumbai Upholds Composite Satisfaction u/s 153C; Sustains Partial 69C Addition in Land Deal
Technical Mistake in Form 10AB Can’t Block U/s 12A Approval: ITAT Kolkata
ITAT Ahmedabad Sustains 69C Additions Based on Seized Diaries with Running Ledger
ITAT Delhi Quashed Cash Addition for Invalid WhatsApp Digital Evidence
Reassessment Quashed as Section 148 Notice Issued by Wrong Authority: ITAT Chandigarh
Assessment Collapses Once Section 263 Revision Is Quashed: ITAT Ahmedabad
ITAT Chandigarh Quashes 271D/271E Penalties on Cash Loans Between Agriculturists
ITAT Kolkata Allowed ₹26.77 Section 54F Exemption Despite Joint Ownership
ITAT Delhi Quashes AY 2015-16 Reassessment as Time-Barred After 01.04.2021
ITAT Mumbai Quashes Reassessment & Allows Section 80GGC Deduction on Political Donation
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.
