Income Tax
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ITAT Deletes ₹5.73 Crore Section 68 Addition for Proved Loan Genuineness
Section 69A Addition Invalid When Based Only on undated Third-Party Loose Papers
ITAT Jaipur Allows Higher Leave Encashment Exemption of ₹25 Lakh with Retrospective Effect
Exemption u/s 11 allowed & Penalty u/s 270A deleted – Registration u/s 12AA granted with retrospective effect
ITAT Ahmedabad deletes ₹8.80 Cr penalty u/s 271G – Mere “improper benchmarking” is NOT a default under 92D(3)
Procedural Justice: ITAT Restores Appeal Dismissed for Missing Statement of Facts, Mandates Merits Adjudication
Unexplained expenditure addition based on suspicion without independent enquiry cannot be sustained
Interconnect usage and roaming charges paid to FTO are not royalty hence not taxable in India
Section 68 Addition Not Justified for Loan Before Business Commencement: ITAT Jaipur
MTD for Income Tax: The Next Big Step by HMRC
Agricultural Income Accepted, Yet Taxed? ITAT Ranchi Deletes Addition After Village Certificate Confirms Farming Activities
AO Turns Interior Designer Without DVO – Tribunal Says Nice Try, But No
Time-Barred Penalty: ITAT Hyderabad Quashes 270A Order Passed Six Months Beyond Section 275(1)(c) Deadline
One More Chance-But Pay ₹10,000- ITAT Ranchi Restores Appeal with Cost for Non-Cooperation
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.
