Income Tax
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CBDT Circular Non-Compliance Does Not Invalidate Section 143(2) Notice: ITAT Delhi
ITAT Upholds Section 115BBE on Excess Stock, Deletes Duplicate Income Additions
ITAT Allows Carry Forward Loss Set-Off Under Section 80, Remands Quantification
ITAT Jaipur Sets Aside Reassessment Notices Issued Beyond Limitation
No Section 69 Addition on Basis of Unverified Excel Sheets & Pen Drive Data: Mumbai ITAT
Trust Registration Cannot Be Denied for Minimal Activities or Low Expenditure: Raipur ITAT
Chandigarh ITAT Deletes Capital Gains Addition for Lack of Beneficial Ownership
Hyderabad ITAT Deletes LTCG Addition as Plot Sales Already Taxed Under Section 44AD
Kolkata ITAT Allows Section 43B Deduction; No Merger of Section 143(1) with Scrutiny Assessment
Patna ITAT Deletes Demonetisation Cash Deposit Addition Backed by Agricultural Income
BCCI Not Taxable on Foreign World Cup Match Income Managed Through PILCOM: ITAT Mumbai
SC Refuses to Revive Section 148 Reassessment Notices Against GE Group Companies
SC Dismissed SLP Against Penalty Notice Ruling Under Section 271(1)(c)
ITAT Dismisses Delayed Appeal & Upholds Income Estimation Under Section 44AD
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.
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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.
