Income Tax
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Bogus Political Donations: ITAT Ahmedabad denies Section 80GGC Deduction
Technical Delay in Form 10AB Filing Cannot Block 80G Recognition: ITAT Chennai
Rajasthan HC: Reassessment Quashed as Section 148 Notice Issued by JAO
No Reassessment on Issues Already Scrutinised in Regular Assessment: SC
Reopening Beyond Four-Year Limit Invalid if Original Assessment Fully Disclosed Facts
ITAT Bangalore Upholds Tax on Waived Trade Liabilities and Unexplained Purchases
Assessment Notices Quashed for Violating Clean-Slate Effect of Approved Resolution Plan
Section 271D Penalty Deleted as No Satisfaction Recorded in Assessment: SC
Section 80G Cannot Be Denied Merely for Possibility of Overseas Application: ITAT Orders Approval
Penalty Deleted as Foreign Asset Disclosure Defect Cured in Section 153A return Before Notice
Section 148 Notice Quashed for Breach of Faceless Reassessment Requirement
Gift from HUF to Member Requires Verification Before Taxation: ITAT Rajkot
Deemed Rent Upheld Using Online Data; Interest Deduction Remanded
ITAT Rules Employer Advances Cannot Be Treated as Unexplained Money Without Verification
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.
