Income Tax
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Additions Based Solely on Tax Audit Report Set Aside for Fresh Verification
Sales Addition Deleted After Reconciliation of VAT and Non-Trade Receipts
Delay Can Be Explained by Death Illness: ITAT Chennai Restores Appeals Dismissed In-Limine by NFAC
How Form 26AS helps you verify your Income Tax details before filing returns?
Charitable Trust acking 12A registration cannot be taxed on gross receipt: ITAT Delhi
₹50 Lakh Threshold Is Mandatory: ITAT Delhi Quashes Reassessment of Foreign Company as Time-Barred
Income Tax Appeals Revived Despite 3,839-Day Delay to Ensure Merits Examination
CIT(E) Can’t Sit in Judgment Like AO: ITAT Delhi Restores 12AB & 80G Registration to Charitable Trust
Brokerage Is Turnover, Not Client Trades: ITAT Delhi Deletes 271B Penalty on Sub-Broker
Purchases cannot be fully disallowed merely on suspicion & supplier deficiencies: ITAT Pune
Portal Silence Can’t Kill Appeal: ITAT Delhi Orders Condonation of 321-Day Delay in Faceless Regime
Higher Depreciation Restored as 143(1) Can’t Decide Debatable Claims
Depreciation Can’t Be Denied on Suspicion After MAP Resolution
TP Adjustment Deleted as INR-Denominated CCD Interest Must Follow PLR
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.
