Income Tax
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ITAT Remands Section 50C Issue to DVO Despite Rejecting Earlier Agreement Plea
ITAT Mumbai Allows Section 54 Exemption on Sale of Inherited Flat as LTCG
Loose Sheet Found from Third Party Cannot Justify Section 69C Addition: ITAT Delhi
Share Capital from Promoters Cannot Be Added as unexplained Without Evidence: ITAT Kolkata
ITAT Mumbai Upholds Dual Commission Addition on Bogus Purchase & Sale Entries
ITAT Ahmedabad Taxes MOU Receipts as Other Sources as Assessee Lacks Land Ownership Rights
Accommodation Entry Case: Reassessment Beyond 3 Years Invalid Without Proper Sanction
ITAT Ahmedabad Deletes Bogus Purchase Addition Despite Survey Admission of Seller
ITAT Kolkata Quashes Reopening for Unsigned Section 148 Notice, No Disclosure Failure
Agricultural Land within Municipal Limits is Capital Asset for LTCG: ITAT Delhi
Jurisdictional Defect: No Section 143(2) Notice After Reopening
Section 194T: TDS on Remuneration & Interest to Partners of Firm
Quarry Expenses Allowed, Undisclosed Sales Deleted: ITAT Rejects Ad-hoc Estimate Without Book Rejection
AO Cannot Reopen Settled Section 10A Issue in Remand
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.
