Income Tax
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No Interest Disallowance Where Own Funds Are Ample & Interest Income Reflected in Form 26AS
ITAT Chennai Deletes Demonetisation Cash Deposit Addition as Source Explained
Only Profit on Alleged On-Money Taxable, ITAT Rajkot Restricted Addition to 30%
Agricultural Income Cannot Be Arbitrarily Estimated Without Considering Expenses: ITAT Rajkot
ITAT Chandigarh Deletes Bogus Purchase Addition as Sales Accepted & Purchases Are Evidence-Backed
Section 148 Notice Quashed for Breach of Mandatory Faceless Procedure: ITAT Chandigarh
ITAT Chandigarh Quashes Search Assessment for Non-Compliance with New Reassessment Regime
Wrong Clause in Form 10AB Is Curable, Not Ground for Rejection: ITAT Indore
Escapement Below ₹50 Lakh: ITAT Ahmedabad Holds Reopening Beyond 3 Years Invalid
Reopening Quashed for Borrowed Satisfaction – LTCG on Shares Cannot Be Taxed u/s 68
Apply Reasonable Profit Rate Due to Sub-Contracts, Not 10%: ITAT Bangalore
Waiver of Debentures Not Taxable; Set-off of Losses Must Be Allowed – ITAT Pune
ITAT Dehradun Grants Ad-hoc Relief on Construction Cost for Lack of Full Proof
Reassessment Quashed Where No Addition Made on Reasons for Reopening: ITAT Dehradun
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.
