Income Tax
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Section 144 Assessment Quashed for Failure to Issue Mandatory Section 143(2) Notice
CSR Donations Eligible for Section 80G Deduction Despite Section 37 Disallowance: ITAT Pune
Reassessment Quashed As AO issuing notice lacked Jurisdiction Over Non-Resident
SC Dismisses Reopening as Basis Vanishes After Acceptance in Later Years
Foreign Exchange Loss Allowable as Liability Recognised Under Mercantile Accounting: ITAT Delhi
Multiple Opportunities Ignored, Yet ITAT Surat Grants Final Hearing Chance
ITAT Mumbai Quashes Reopening Beyond 3 Years for Sanction by Wrong Authority
Failure to Scrutinise Exempt LTCG from Penny Stock Justifies Section 263 Action: ITAT Surat
Cancellation of Trust 12A Registration Set Aside for Violation of Natural Justice
Charitable Status of Alumni Association Upheld as Education & Aid to Poor Were Core Objects
Cash Deposit Addition Deleted as Bank Withdrawals Explained Deposit Source: ITAT Kolkata
Section 10A Deduction Allowed as New STP Unit Not Formed by Splitting Up: Bombay HC
Reopening notice u/s. 148 issued after surviving period is time-barred and hence set aside
ITAT doesn’t have jurisdiction to review its earlier order rectification petition u/s. 254(2)
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.
