Income Tax
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ITAT Hyderabad Dropped Penalties When Compliance Made Before Assessment Ends
₹3.49 Cr Cash Seizure Backed by Cash Book & Debtor Realisations: ITAT Deletes Sec 69A Addition
Final assessment order u/s. 143(3) beyond time prescribed u/s. 153 is time barred
DRP cannot approve conclusion of TPO without giving independent findings: Delhi HC
Quashes draft order & DRP’s directions as both erred in holding assessee eligible: Karnataka HC
How are gains taxed when you buy Unlisted Shares and Sell after Listing?
Appeals Restored After Dismissal for Non-Condonation of Delay
Belated 80G Application Revived: ITAT Applies Finance Act, 2024 Amendment and Sets Aside Rejection
Section 40(a)(ia) Addition Set Aside Due to Unverified Threshold Applicability
Tax Planning for FY 2025–26: Rebate & LTCG under Section 112A (Old Regime)
ITAT Bangalore Accepts assessee’s plea to exclude comparables failing turnover filter
Receipt for offshore supply of equipment, plants by foreign company not taxable in India: ITAT Delhi
Notice Under Section 148 Invalid Due to Faceless Mandate Violation
ITAT Mumbai Quashed Reassessment Due to Invalid Notice Under Extended Limitation
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.
