Income Tax
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Wrong Person Assessed, ITAT Quashes Rental Income Addition
Relative Defined, Addition Falls: ITAT Clears ₹12 Lakh Credit
Survey-Based ₹45 L Income Reopened, Final Chance Granted
Cultivation Evidence Reopens Capital Gains on Land Sale
Section 271E Penalty Fails When Entity No Longer Exists
No Returns, No Evidence, Capital Spike Taxed as Unexplained
Section 44AD Overrides Ad-Hoc 50% Profit Estimation
Reopening Quashed for Mechanical Approval Under Section 151
Delayed payment of VAT attracts interest u/s. 25(4) of GVAT inspite of uncertainty as regard levy to be imposed
Section 263 Quashed as AO Took a Plausible View on 80P Deduction
Demonetisation Cash Deposits Taxed at 8% on Estimated Basis
No Exempt Income, No Section 14A Disallowance Permissible
Belated Form 10 Filing Cannot Deny Section 11(2) Exemption
Non-Payment Under IDS Makes U/s 271AAC Penalty Inevitable
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.
