Income Tax
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AP HC Quashes Reassessment Notices Issued Outside Faceless Scheme – JAOs Lack Jurisdiction Under Section 151A
Housing Society Interest from Co-op Bank Eligible for 80P(2)(d) Deduction: ITAT Mumbai
System Logic Can’t Override Statute: ITAT Allows 87A Rebate on STCG u/s 111A
ITAT Upholds Retailer’s Explanation for Cash Deposits – Addition Cut from ₹1.50 Cr to ₹5 Lakh
Addition on Alleged Inflated Purchases Based Solely on Third-party Data Deleted
Bogus Sales Profit Addition Remanded: CIT(A) Failed to Pass Speaking Order
Appeal Delay Condoned: Accountant’s Email Error Caused Non-Compliance
Bank Passbook Not ‘Book of Account’; Section 68 Addition Invalid, Rules ITAT
₹32 Lakh Cash Addition Confirmed as M-Pesa “Conduit” Claim Lacked Proof
Reassessment Invalid for Change of Opinion on 54F Claim – ITAT Quashes ₹1.63 Cr LTCG Addition
Ex-Parte Appeal Order Set Aside After Assessee Learns of Ruling via Penalty Notice
ITAT Voids NFAC Order Passed Against Deceased Taxpayer Without Hearing Legal Heir
Influence of Indian Tax Laws on Determination of Fees in Religious Institutions
ITAT Remands Case 1% Commission on ₹44.5 Cr Conduit Deals for Fresh Verification
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.
