Income Tax
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Prior-Period Expenses Allowed When Liability Crystallises in Current Year
Bogus Purchase Addition Deleted for Lack of Independent Enquiry
Customer Advances Not Cash Credits Under Section 68
Mechanical Approval Quashes Search Assessment Under Section 153A
ITAT Delhi Denied Indexation as Factory Building Treated as Depreciable Asset
Salary Paid and TDS Deducted, Yet Proof Still Required
CIT(A) Can’t Dismiss Appeal for Non-Prosecution Without Merits: ITAT Chandigarh Remands Case
No Hearing, No Merits: Income Tax Appellate Orders Quashed and Sent Back
TP Adjustment Set Aside Due to Improper Segment Aggregation; Non-Compete Fee Held Revenue
Penalty for Underreporting Reopened Due to Unexamined Reasonable Cause
12A Registration Denial Set Aside: ITAT Chandigarh Condones 424-Day Delay
ITAT Chandigarh Remanded Unexplained Bank Credits Case with Cost for Fresh Adjudication
₹33 Cr Bank Credits: ITAT Chandigarh Sets Aside Ex Parte Reassessment for Fresh Review
JAO Lacked Jurisdiction to Issue Section 148 Notice: Rajasthan HC
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.
