Income Tax
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No Independent Verification – Accommodation Entry Addition Unsustainable: ITAT Chandigarh
ITAT Bangalore Quashed Reassessment Over Missing Section 143(2) Notice
ITAT Chandigarh Quashes Revisionary Order for Failure to Show Error or Prejudice
₹29.69 crore Bogus Purchases Addition Quashed as Notice Issued by JAO instead of FAO
ITAT Declines to Entertain Appeal as Section 119(2)(b) Order is Non-Appealable
ITAT Kolkata Deletes Section 56(2)(x) Addition for Govt. Property Purchase
AY 2015-16 Reassessment Time-Barred if notices issued Post-1 Apr 2021: Bombay HC
ITAT Chandigar Upholds Deletion of On-Money Additions Citing HBPL Precedent
SC Upholds Rejection of 115BAA Claim for Failure to Exercise Option in Return
ITAT Remands Ex-Parte Income Tax Order for Reconsideration due to communication gaps
Demonetization Deposits from Society Members Not Unexplained Income: ITAT Chandigarh
Section 80G Approval Cannot Be Denied When Section 12AA Registration Exists: SC
Revenue Appeal Dismissed Due to Low Tax Effect Under CBDT Limit
Section 148A(b) Notice Cannot Be Used to Collect Information: SC
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.
