Income Tax
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Net Agricultural Income Accepted After Tribunal Revises Expense Claim
Penalty u/s 271AAC & 270A Remanded as Quantum Appeal Restored for Fresh Hearing
Penalty u/s 271AAB Upheld: Admission of ₹3 Crores in Search Held ‘Undisclosed Income’
Form 71 Corrects Buyer’s TDS Error, Capital Gain Taxed in Transfer Year: ITAT Delhi Allows Full Credit
SC to Decide Trust’s Eligibility for Income Tax Exemption on Community-Based Welfare
Survey Statement Alone Cannot Sustain Addition Without Stock Verification: ITAT Kolkata
ITAT Quashes ₹2.25 Cr 69C Addition as Traveled Beyond Show-Cause Notice
Turnover Mismatch Fatal: ITAT Orders Removal of Large Comparables in TP Analysis
ITAT Deletes ₹95 Lakh Section 68 Addition for GST-Recorded Sales
No Exempt Income, No 14A: ITAT Delhi Deletes ₹1.24 Cr Disallowance
Concessional Section 115BAA Tax Rate Allowed Due to Timely Filing of Form 10-IC
Compounding Fees for Unauthorized Construction not allowable: ITAT Bangalore
Section 11(3) Amendments Prospective; Pre-2022 Use Not Taxable: ITAT Delhi
IBC Moratorium Bars Revenue Appeals: ITAT Mumbai
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.
