Income Tax
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Section 68 Cannot Apply to Household Support from Husband: ITAT Hyderabad
Reopening Quashed—AO Recorded Wrong Facts, Wrong Amounts & Even Wrong Name;
ITC and Retrospective Cancellation of GST Registration
SC Pulls Up Department for Procedural Delay: Condonation Allowed as Special Case
Wrong FMV Date and Cost Basis: ITAT Reverses AO’s Computation of Capital Loss
Karnataka HC Quashes Reassessment Notices Issued Beyond Section 151A Scope
ITAT Upholds 14A Satisfaction but Limits Rule 8D to Dividend Investments
Approval u/s. 153D granted in mechanical and consolidated manner is invalid
Delay in Filing Form 10B Attributable to CA Oversight Condoned by Bombay HC
Combined Mechanical Section 148B Approval for Six Assessees Quashed by ITAT Delhi
75-Day Delay Condoned as Assessee Relied on Negligent Consultant; 144 Order Restored
Misrepresentation on Email Communication—Ex-Parte CIT(A) Order Set Aside with ₹10,000 Cost
Entire ₹11 Lakh Cash Deposit Addition Deleted on Full Explanation
Reassessment Declared Void as AO Skipped Mandatory Section 143(2) 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.
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.
