Income Tax
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Cash Deposits Explained – Protective Addition Deleted
Identity and Genuineness Established: ₹10 Lakh Addition Set Aside
No Trade, No Income – Broker’s PAN Error Collapses Addition
Section 90 Relief Overrides Technical Delay in Form 67
No Evidence, No Bogus LTCG: U/s 68 Can’t Rest on Suspicion
Donations Deduction Allowed Despite Return-Form Constraints
EPF/ESI Disallowance from CPC Not Open in Section 143(3) Appeal
Income Booked Earlier, TDS Reflected Later: Addition Set Aside
VAT-Accepted Turnover Can’t Be Retaxed as Unexplained Cash
Filing ITR-7 Instead of ITR-5 Doesn’t Invite Automatic Disallowance
Form 26QB vs 26AS Discrepancy: Rectification Can’t Be Isolated
Section 151(ii) Violation Invalidates Late Section 148 Notices
PCIT Can’t Convert Bogus Purchases Into U/s 69C to Apply U/s 115BBE
No Satisfaction Under Section 14A, Rule 8D Disallowance Fails
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.
