Income Tax
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Voluntary Donations by Students Not Income – ITAT Chennai Deletes Addition
Bombay High Court Quashes Reassessment for Invalid Service and Approval
Reassessment Quashed for Lack of Proper Sanction Under Section 151
Bombay HC quashes Reassessment for Want of Proper Section 151 Sanction
One-Day Delay Can’t Deny Justice – ITAT Rajkot Restores NRI’s Case to DRP
ITAT Quashes WhatsApp-Based Cash Sale Theory- Digital Gossip Isn’t Tax Evidence
Loan from Alleged Entry Providers based on mere Investigation Report ITAT Deletes Addition
ITAT Dehradun Quashes Section 271(1)(c) Penalty for Non-Specific Charge
Mixed Funds Presumption Saves Interest Disallowance; Loans u/s 68 Found Genuine – ITAT Mumbai
No Defect in Books, No Section 68 Addition: Relief on Demonetisation Cash Deposits
Donor Not Liable for Party’s Omission: Section 80GGC Deduction Allowed
Political Donation Deduction Allowed as Donor Proved Payment via Bank Channel
Demonetisation Cash Deposit Genuine: AO Cannot Reject Accepted Petrol Pump Sales
Failure to Follow Rule 46A Procedure Leads to Remand: Tribunal Allows Appeal for Statistical Purposes
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.
