Income Tax
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P&H HC Quashes Jurisdictional AO’s Section 148 Notice; NFAC Has Exclusive Power
ITAT Delhi Remands ₹7.17 Crore Addition Case Back to AO for Review
Bombay HC Allows Condonation of 24-Day Delay in Form 10B
Calcutta HC Dismisses Revenue Appeal on Section 68 Share Capital Addition
Reassessment Barred as Escaped Income Below ₹50 Lakh & 3-Year Limit Expired
ITAT Allows Sikkimese Exemption Despite Wrong PAN
Tamil Nadu Power Commission Gets Income Tax Exemption
Reassessment Beyond 3 Years Invalid if Escaped Income Below ₹50 Lakh: Delhi HC
FMV on 1 April 2001 Valid for Gifted Property, PCIT’s Revision Quashed
Procedural Lapse Cannot Defeat Justice – Natural Justice Prevails over Technical Default
Wrong clause selection in 12AB registration application – Not Fatal, Matter Remanded
CIT(A) Cannot Remand 147/144B Reassessments – Speaking Order Required
Tax Is on Real Income, Not Gross Turnover – ITAT Pune on Charitable Club Taxation
CIT(A) Cannot Dismiss Appeal for Non-Prosecution Without Speaking Order
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.
