Income Tax
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ITAT Allahabad Condones 440-Day Delay in Appeal Due to Advocate’s Negligence
Assessment on Dissolved Firm Valid if AO Uninformed: ITAT Ahmedabad
10% Safe Harbour Limit for Property Valuation Applies Retrospectively: ITAT Mumbai
ITAT Restores Rs. 1.86 Cr Addition for Fresh Review, Citing CIT(A)’s Unreasoned Order
Delay in Form 10B Filing Due to Accountant’s Oversight: Bombay HC Allows Condonation
Retaining Cash for Years Not Suspicious When Source Proven: ITAT Deletes Addition
Stamp duty value on agreement date may be considered under Section 56(2)(x)
ITAT Restores 12AB Registration Case for Reconsideration Over Overseas Fund Use
CBDT Issues Guidance on Entertainment Sector Expenses following C&AG audit
Gross Profit Addition Quashed Due to Lack of Basis in Estimation
Section 271A Penalty Quashed for Local Authority Not Maintaining Books of Accounts
ITAT Condones 3.5-Year Appeal Delay, Cites Supreme Court’s COVID-19 Extension
Partner Salary Disallowance Set Aside Pending Factual Verification by ITAT
Form 10BB Delay Due to CA’s Error: Bombay HC Allows Condonation
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.
