Income Tax
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ITAT Deletes Penalty u/s 271D on Cash Sale of Agricultural Land due to Reasonable Cause
ROC Strike-off Makes Company Non-existent – Additions of ₹1.83 Cr Deleted
₹33 Lakh Cash Seized Accepted as Business Income – Section 115BBE Addition Deleted
Taxpayer Shouldn’t Suffer for Professional’s Mistake – HC condones Form 10B Delay
Reassessment Assessment Without Section 143(2) Notice is Invalid: ITAT Raipur
When AO Lacks Jurisdiction, Assessment Is Void – ITAT Raipur Quashes Reassessment
Section 234E Fee Not Sustainable for TDS Returns Processed Before 01.06.2015
Section 50C Deeming Fiction Can’t Override 54B Exemption: ITAT Jaipur
ITAT Jaipur Quashes Reassessment as Notice u/s 148A(d) Issued Beyond Limitation
ITAT Chandigarh Deletes ₹24 Lakh Addition on Cash Sales During Demonetisation
Mere Mention of Caste-Based Objects Not Ground to Deny 12AB Registration: ITAT Ahmedabad
ITAT Mumbai Deletes ₹1 Crore Addition on Unsecured Loan from Alleged Hawala Operator
ITAT Hyderabad Deletes ₹38.15 Cr Disallowance on NCWA Education Contributions
ITAT Jaipur Deletes ₹6.26 Cr. Addition u/s 68 on Sub-Contract Receipts – Double Taxation Avoided
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.
