Income Tax
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Delhi HC Quashed Reassessment Due to Vague Section 148A Show Cause Notices
ITAT Mumbai Quashed Section 68 Addition Due to Evidence of Inherited Jewellery
Tribunal Remand Becomes Infructuous Due to Expiry of Time Limit for Reassessment
Bombay HC Declines to Quash ACB Summons as Matter was at Enquiry Stage
Rectification Order Invalid as CPC Didn’t Issue Prior Intimation for Defective Form 3CD: Madras HC
Section 68 Demonetisation Deposit Addition Deleted Due to Genuine Cash Sales Evidence
Trust’s Accumulation Period Cannot Be Shortened Due to Prospective Section 11 Amendment
Section 14A Disallowance Restricted as Interest-Free Funds Exceeded Investments
Section 14A Interest Disallowance Deleted Due to Availability of Interest-Free Funds
Section 263 Revision Fails Due to Proper Inquiry by Assessing Officer: SC
Trust Registration Renewal Cannot Be Denied for Missing Irrevocable Clause: BCAS
Capital Gains Exemption on Property Sale—Law, Interpretation & Litigation
No Revision Without Error: ITAT Rejects Section 263 Action
Seized Loose Papers Can Justify Section 69C Additions
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.
