Income Tax
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Section 68 Addition Deleted for Pharmacy Cash Deposits During Demonetisation
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CSR Deduction Denied Despite Section 80G Claim in Tax Appeal
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Opening Cash Balance Accepted After AO Verification, Section 69A Addition Quashed
Reassessment Quashed Due to Non-Compliance with Tribunal Directions
Accommodation Entry Allegation Rejected Due to Proper Documentation
TCS Credit Cannot Be Denied for Default of Collector: ITAT Pune
Section 270A Penalty cannot be imposed for Disallowance of Legal Claim: ITAT Delhi
Section 153C Limitation Counts From Handover, Not Search: ITAT Quashes Assessment
Time-Barred Section 153C Assessment Struck Down for Non-Searched Person
Section 11 Relief Restored: Education Trust Not Bound by Rigid Form-10 Purpose
Third-Party iPhone Notes Not Enough: ITAT Mumbai Deletes ₹2 Cr Addition
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.
