Income Tax
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Relinquishment of Tenancy Right is Capital Gain – 54 & 54F Relief Allowed
ITAT Dismisses Appeal for Verbose and Irrelevant Grounds
ITAT Kolkata Quashes Reassessment: No Addition on Recorded Reason, Reopening Fails
ITAT Kolkata Restores ₹22.90 Cr Share Capital Addition Case
Reassessment u/s. 148 based on survey operations without tangible material cannot be sustained
Cash Deposits Used for Son’s Credit Card Payments Explained – Addition & Penalty Deleted-ITAT Ahmedabad
Additions on Alleged Bogus Loans & Donations Deleted – Sanction Defect Vitiates Reopening Beyond 4 Years: ITAT Delhi
Suspicion is not Evidence – Old Loans can’t be Taxed as Fresh Income – ITAT deletes ₹10.75 Cr Loan Addition
Property Investment Explained from Salary Account; Additions u/s 56(2)(vii)(b) & 69 Deleted: ITAT Kolkata
Write-off in books sufficient to claim it as bad debts: ITAT Ahmedabad
Project Completion Method Accepted- Addition on Suppression of Profit Deleted: ITAT Ahmedabad
GST Paid Before Return Due Date Eligible for Deduction u/s 43B
Cash Deposits from Recorded Sales During Demonetization – Addition u/s 68 Deleted
Sundry Creditors Not Bogus When Purchases & Sales Accepted: ITAT Delhi Deletes Addition of ₹3.36 Cr
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.
