Income Tax
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PCIT cannot act merely on AO’s Proposal without Independent Satisfaction

Section 234B Interest Cannot Extend Beyond Self-assessment Tax Payment

SanDisk India is not DAPE of SanDisk Ireland: ITAT Bangalore

ITAT Cochin Upholds Additions in Search-Based 153A Assessment based on incriminating material

ITAT Cuttack Quashes Penalty u/s 271D on Wrong AY Basis

Dismissal of appeal by CIT(A) without rendering finding on merits is against principles of natural justice

Explanation to section 14A inserted vide Finance Act, 2022 is prospective in nature

Benefit of working capital adjustment not considered while computing ALP: Matter restored

Independent enquiry u/s. 23(1)(a) can be made by AO to determine annual value u/s. 22

IIT Madras Research Park Gets Tax Income Tax Approval for scientific research

Scrap Dealer Gets New Hearing due to Ignored Submissions

Reopening notice beyond four years cannot be sustained without non-disclosure

ITAT Remands Section 12A Registration Case Over Ignored Documents

P&H HC quashed Section 148 income tax notice issued by a JAO
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.

