Income Tax
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ITAT Delhi: Rejection of Books, 44AD Inapplicability & 80HH/80I Deductions Upheld
Reassessment Without Proper Sanction – ITAT Delhi Quashes Notice u/s 148
₹305 Crore Addition Stands – ITAT Delhi Confirms Cash Credit & Expenditure Against Mallard Securities
Trade Debtor Receipts Cannot Be Taxed Again – Double Addition of ₹3.75 Cr Deleted
Bogus LTCG on Penny Stock? SEBI Clean Chit Saves Assessee – ITAT Delhi
Approval from Wrong Authority Renders Section 148 Notice Invalid
Vague Satisfaction Note – ITAT Delhi Quashes Assessments
ITAT Upholds Deletion of ₹9.84 Crore Addition on Demonetisation-Era Cash Deposits
Once Sales Accepted, No Scope for Bogus Purchase Addition
Ignorance of Law No Excuse- ITAT confirms Penalty u/s 271D for cash sale consideration
Agricultural Income Justifies Cash Deposits – ITAT Delhi Grants Relief
ITAT Delhi Upholds Deletion of Commission, Legal & Interest Disallowances
ITAT Delhi Allows Exemption u/s 11(2) – Deposit in Current Account with Scheduled Bank Treated as Valid Investment
One Mechanical 153D Sanction Approval for 7 Years is invalid: ITAT Delhi
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.
