Income Tax
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Income Tax Tribunal Resets Ex-Parte Dismissal, Ensures Fair Hearing
Addition Deleted as Cash Deposits Linked to Earlier Withdrawals
Addition on Car Sale Profit Deleted for Ignoring Block Depreciation Rules
Fresh Hearing Granted After Ex-Parte NFAC Order Ignored Filed Documents
No Books, No Section 68: ITAT Deletes Entire Cash-Deposit Additions
Section 80G Deduction Allowed for Temple Renovation Due to Historic Importance
Reopening Dies Twice: ITAT Hyderabad Quashes 148 Notice for Limitation Wrong Approval
Assessment Quashed for Being Passed Without Awaiting DVO Report—Violation of Section 50C(2)
ITAT Rajkot: Wrong Sanction & Late 148 Notice Void Reassessment
Section 263 Upheld as AO Failed to Verify TDS Rates & Delayed PF/ESI Payments
GST Paid Due to Supplier Default Allowable as Business Expense: ITAT Chandigarh
Nominal & Associate Members Do Not Invalidate Section 80P Deductions: ITAT Panaji
Section 263 Set Aside as AO’s View on Repairs Was Plausible and Not Prejudicial to Revenue
Portal Date vs Notice Date: ITAT Orders Fresh Hearing on Legality of Reassessment Notice
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.
