Income Tax
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Vivad Se Vishwas Opted but Tax Payment Doubtful: ITAT Rajkot Restores Matter to AO for Verification
Addition u/s 69 Restored to AO to Verify ‘Rotation of Funds: ITAT Jodhpur
Reopening for AY 2015-16 After 01.04.2021 Invalid; Consequential Section 263 Order Also Quashed
Survey Statement Alone Insufficient to Justify Tax Additions: Chhattisgarh HC
Section 80IB(11A) Deduction Cannot Be Denied for Late Filing of Form 10CCB: ITAT Dehradun
Penalty u/s 272A(1)(d) Deleted: Notices Sent to Wrong Email ID Constitute Sufficient Cause
ITAT Chandigarh Restored Appeal to CIT(A) Due to Denial of Hearing Opportunity
Reassessment Quashed Due to Invalid Section 151 Sanction: Bombay HC
Enhanced Land Compensation & Interest Taxable u/s 56(2)(viii) with 50% Section 57 Deduction
Cash Deposits Treated as Unexplained Set Aside Due to Lack of Hearing Opportunity
AO Must Record Reasons to Reject Section 270AA Immunity: Calcutta HC
Virtual Service PE Not Valid Ground to Deny Nil Withholding Certificate: Delhi HC
P&H HC allows Consignment-Wise BRC Accepted for Section 80HHC Deduction Claims
Legal Heirs Not Replied to Income Tax Notices: Madras HC remits case
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.
