Income Tax
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Year-Shift in GST Reporting Requires Detailed Reconciliation: ITAT Hyderabad
Late Notice in Demonetisation Case Renders Assessment Void Ab Initio: ITAT Lucknow
Less than 15-Day Notice Violates Natural Justice: ITAT Set Aside CIT(A) Order
Business Necessity Justifies Cash Payments: ITAT Deletes Section 40A(3) Addition
Mere Belated Filing Cannot Block Section 80P Deduction: ITAT Nagpur
Limited Scrutiny Breach: AO Cannot Travel Beyond Statutory Scope – ITAT Raipur
ITAT Raipur Condoned 109-Day Delay Caused by Form 35 Email Issue
ITAT Pune Allows Gratuity Trust Exemption Despite Technical Error in Return
CIT(A) Cannot Dismiss Appeals Mechanically: ITAT Raipur Restores Penalty Appeal
AO’s Apprehension Not Evidence – Section 50C Inapplicable to Leasehold; Reassessment on Change of Opinion Invalid
No Penalty on Estimated Additions for Bogus Purchase: ITAT Mumbai
Mere inadequacy of enquiry by AO cannot justify invoking Section 263
Delta’s Code-Share Revenue Exempt Under DTAA: ITAT Mumbai
Delhi HC Upholds JAO Powers to issue reassessment notice Despite Faceless Scheme
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.
