Income Tax
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153C Notice Quashed as Deemed Search Date Fell After Cut-off: Delhi ITAT
Delayed Transfer of Seized Material Invalidates Seven Section 153C Assessments: ITAT Delhi
Form 26A Protection Requires Fresh Examination of NOIDA Lease Rent: ITAT Delhi
Contractor Non-Compliance Cannot Justify Arbitrary 30% Expense Disallowance: ITAT Delhi
CIT(A)-Decided Issue Cannot Be Revised Under Section 263: ITAT Mumbai
6.2% Stamp Valuation Difference Cannot Trigger Deemed Income Addition: ITAT Mumbai
Section 69 Addition Unsustainable After Primary Loan Evidence Furnished: ITAT Delhi
Goodwill from Slump Sale Eligible for Depreciation for AY 2016-17: ITAT Mumbai
₹25 Lakh Leave Encashment Ceiling Applied for AY 2020-21: ITAT Delhi
Integrated Real Estate Project Profits Taxable Only Upon Overall Completion: ITAT Mumbai
Cash Belonging to Another Assessee Refundable After Tax Adjustment: Delhi HC
Wrong Section 151(ii) Authority Vitiates Reassessment: ITAT Mumbai
ITAT Mumbai Deletes ₹62 Lakh On-Money Addition for Lack of Corroborative Evidence
Unaccounted Sales Not Entirely Profit; ITAT Applies 8%, Rejects Section 115BBE
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.
