Income Tax
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Turnover Mismatch vis-à-vis TCS Data Invites 263: Lack of Enquiry by AO Proves Fatal
NFAC Order Quashed for Failing to Decide Appeal on Merits
Multiple Opportunities Ignored: ITAT Declines to Exercise Discretion
Mechanical Rejection of Section 12AB Application Set Aside by ITAT
CIT(A) Directed to Reassess Appeal After Ex-Parte Dismissal
Section 145A Cannot Be Used to Inflate Profits: ₹38.26 Lakh Addition Deleted
ITAT Confirms Tax Relief for Co-operative Society on Bank Interest
ITAT Mumbai Deletes Section 41(1) Addition Where Liability Not Ceased
Reopening u/s. 148 beyond 3 years based on approval u/s. 151 from Pr. CIT is invalid
House Property Tax Relief Granted on Rental Income Due to Consistency Rule
AY 2015-16 Reopening Invalid Because TOLA Benefit Not Available
Strict Compliance Rule Reiterated: Section 13A Is Not Automatic Exemption
Wrong Sanction, Dead Reopening: Delhi ITAT Quashes 148A(d) Order for AY 2017-18
No Search Evidence, No 153A Jurisdiction: ₹6.11 Lakh Addition Deleted
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.
