Income Tax
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CPC Exceeded 143(1) Powers by Rewriting Dividend Income
Section 194T Liability of Firms To Deduct TDS On Payments To Its Partner
Section 148 Notice Invalid as PCIT Approval Failed After 3-Year Limit
Split Jurisdiction Breaks Reassessment, U/s 147 Order Quashed
Audit Objection Can’t Reopen Past Assessment, U/s 148 Notice Quashed
Name the Charge or Lose the Penalty, U/s 270A Proceedings Collapse
Late by Days, Lost for Years: Time-Barred 148 Notice Quashed
Cash Possession Doesn’t Prove Ownership, 69A Addition Fails
Setting off short term capital loss against non-STT gains and then against STT gains is permissible in law
Wrong Route Chosen: Section 147 Fails Where 153C Alone Applies
Internal Government Process No Ground for Delay Condonation
Reassessment Revived Due to Cash Deposits, But With ₹25,000 Cost
Form 26AS Can’t Override Books Without Proper Reconciliation
Rule 8D Without Recording Dissatisfaction Struck Down by ITAT
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.
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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.
