Income Tax
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Alleged Bogus Transport Charges Rejected for Want Proof
Appellate Authority Cannot Bypass Limitation by Invoking Section 150
Section 11 Exemption Denied as Coaching Activity Held Commercial
Penny Stock Addition Remanded Due to Ownership Dispute
Section 69A Addition Remanded for Fresh Verification of Cash Source
Unjustified Adjustment Attempts Cannot Deny Interest on Refund
Medical Emergency Withdrawal Justified Demonetisation Cash Deposits – ITAT Deletes Addition
Small Valuation Difference Within Tolerance Band: Section 69B Addition Deleted
80P Deduction on Nominal Members Reopened: Co-op Society Gets Fresh Chance
ITAT Rajkot Allowed Section 80G Approval Despite Religious Clause Due to Charitable Activity
Creditor Confirmed in Both Books: Section 68 Addition Reopened for Verification
Intended Industrial Use Irrelevant for Section 10(37) Exemption: ITAT Delhi
PCIT Must Follow ITAT Special Bench Despite Pending Appeal: Bombay HC
Penalty u/s 271B Deleted Due to Reasonable Cause for Delay: ITAT Chennai
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.
