Income Tax
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Delay in filing Form 10B could not be a ground to deny exemption u/s 11 & 12 when report was available before CPC order
ITAT Chennai Deletes ₹26 Crore Addition under Black Money Act for Lack of Proof of Foreign Investment
No Need for Incoem Tax Case Transfer When Assessment Already Completed: Bombay HC
Non-granting of personal hearing is against principles of natural justice
Voluntary Survey Disclosures Do Not Attract Section 115BBE: ITAT Jaipur
Subsequent SC Ruling Not Ground for Section 254(2) ITAT Rectification: Bombay HC
PCIT rightly invoked revision u/s. 263 as trade scheme payment not verified accurately
Bogus Purchase Additions Restricted to Profit Margin: Bombay HC Ruling
Proper Disclosure & Legitimate Source Bar Black Money Assessment of Foreign Investments
ITAT Mumbai Quashes Black Money Addition on Inherited Funds
Penny Stock Addition Deleted: ITAT Voids Section 153A Assessment Without Incriminating Material
ITAT Deletes ₹1.86 Cr Addition: Section 69A Not Applicable to Recorded Unsecured Loans
ITAT Bangalore Upholds 154 Rectification for Non-Rural Bad Debts u/s 36(1)(vii)
Interest Disallowance Deleted as Assessee proves Mutual Fund Investment from Own Funds
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.
