Income Tax
Log in to FollowGet all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
Wrong Sanction Under Section 151 Makes Reassessment Void Ab Initio
Pure Legal Grounds Allowed to Quash Time-Barred U/s 153C Assessments
Janmashtami Donations Not Business Income; ITAT Restores Section 11 Exemption to Religious Trust
Depreciation Claim Remanded Due to Missing WDV Computation
Section 153A Has Limits: No Seized Material, No Fresh Additions
Bona Fide Limitation Misconception Accepted: 138-Day Delay Issue Sent Back to CIT(A)
Warranty Provision Allowed Despite Large Opening Balance: ITAT Delhi
Appeals Restored After Delay Condoned Due to Consultant Lapse
No Independent Enquiry, No Addition: ITAT Sets Aside ₹5.50 Lakh u/s 69A
VSV Form-3 Without Payment Doesn’t Bar Appeal: ITAT Mumbai Deletes ₹7.65 Lakh Demonetisation Addition
Statutory Appeals Demand Merit Review: ITAT Corrects NFAC Approach
NFAC Can’t Summarily Dismiss Without Merits: ₹5.71 Crore Assessment Sent Back for Fresh Appeal
Section 263 Quashed: CIT Cannot Revisit Issues Already Examined by AO
Appeal Delay Condoned Because Police Proceedings Are a Valid Reason for delay
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.
