Income Tax
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Penny Stock Alert Cannot Justify Entire Share Sale Addition Under Section 68: Mumbai ITAT
Reassessment Quashed as PCIT Was Not Competent Sanctioning Authority: ITAT Mumbai
ITAT Hyderabad Restores Section 234E Appeals After Delay Affidavits Filed
No Addition on Reopening Ground Makes Other Additions Unsustainable: ITAT Mumbai
12.5% Bogus Purchase Addition Deleted as Disputed GP Was Higher: ITAT Mumbai
Ex-Parte CIT(A) Order Set Aside as Notices Went to Deactivated Email: ITAT Mumbai
Small Trader’s Inability to Access Email Justified Notice Defaults: ITAT Bangalore
Delayed E-Verification Cannot Make Timely Filed ITR Belated Due to Portal Glitches: ITAT Mumbai
Foreign Asset Non-Disclosure Does Not Automatically Trigger Section 43 Penalty: ITAT Mumbai
Section 12AB Renewal Cannot Be Rejected on Vague Non-Compliance: ITAT Mumbai
PCIT Sanction Cannot Validate Reassessment Beyond Three Years: ITAT Mumbai
Section 14A Disallowance Restricted to Exempt Dividend Income: ITAT Mumbai
Professional Income Accrues Only When Right to Receive Crystallises: ITAT Mumbai
CCM Reassessment Beyond 4 Years Invalid Without Disclosure Failure: ITAT Mumbai
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.
