Income Tax
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Accepted Closing Cash Cannot Be Treated as Unexplained Income
Reassessment Quashed for Issuance of Notice Outside Faceless Regime
Reopening After 3 Years Invalid If Escapement Is Below ₹50 Lakh
Section 263 Validly Invoked for Allowing Section 80P in Belated Return
Capital Gains Recomputed After Proving Gift-Funded Purchase Cost
Reopening Invalid When Search Material Triggers Section 153C
Ex-parte Assessment Diluted: ITAT Indore Upholds CIT(A)’s Relief in Kriti Nutrients Case
Section 292B Cannot Cure Jurisdictional Defect in Reopening
Property Purchase Addition Remanded Due to Unverified Agreement Date
Charity Registration Rejected Without Hearing Held Invalid
Interest Disallowance Set Aside as Loan Found Genuine
Demonetisation Cash Addition Deleted Because Funds Belonged to Members
Temporary Tunnel Structures Are Revenue, Not Capital Expenditure
Revisional Power Fails Where TPO Order Was Never Passed
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.
