Income Tax
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Reassessment Allowed Beyond Four Years for Non-Disclosure of Primary Facts: SC
Procedural Delay Not Fatal: ITAT Upholds 80P Deduction on Credit Co-op Interest
Calcutta HC Directs Advance Ruling Board to Expedite Joint Venture Tax Ruling Ahead of Revised ITR Deadline
Foreign Shares Bought in Daughter’s Name Not Unexplained When Fully Disclosed: ITAT Delhi
Section 263 Revision Quashed as Penny Stock LTCG Was Examined & AO Took Plausible View
Delay before CIT(A) not fatal: ITAT restores reassessment to AO for fresh adjudication
Reopening Beyond 4 Years Quashed for No Failure Allegation
EDC Treated as Contractual Payment, TDS Mandatory: ITAT Delhi
PF/ESI Disallowance to Be Examined Only After Deciding Delay
ITAT Ahmedabad grants 10-year registration u/s 12AB under amended law
Bogus LTCG Allegation Fails Due to Lack of Proof of Manipulation
Omission of claiming advance tax does not bar Section 244A interest: ITAT Pune
Wrong ITAT Bench Chosen: Appeal Dismissed for Lack of Jurisdiction
Assessment barred by limitation as court order doesn’t contain any finding/ direction as contemplated u/s. 153(6)
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.
