Income Tax
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Bogus Entry Network Exposed in Survey Justifies Reassessment: ITAT Delhi
Bad Debt Deduction Allowed for NSEL-Related Irrecoverable Trading Dues: ITAT Ahmedabad
Set-Off of Brought Forward Business Loss Against Section 50 STCG Allowed: ITAT Ahmedabad
Bombay HC Directs CBDT to Decide Pending Section 119(2)(b) Application in 3 Months
8% Income Estimation on Bank Credits Upheld for Lack of Evidence: ITAT Hyderabad
Assessment Order Digitally Signed After Limitation Quashed: ITAT Delhi
Wrong PAN in Form 26QB Can’t Deny TDS Relief: ITAT Ahmedabad
Irrevocability Clause Absence Cannot Defeat Section 12AB Registration: Bombay HC
Loose Papers Without Supporting Evidence Cannot Sustain Brokerage Additions: ITAT Ahmedabad
No Penalty Under Interest Tax Act Where Returns Accepted Without Addition: Gujarat HC
Cash Deposits Already Offered Under Section 44AD Can’t Be Taxed Again Under Section 69A: ITAT Hyderabad
Write-Back of Unclaimed Loan Loss Provision Can’t Be Taxed Again: ITAT Mumbai
Salary Earned for Services Rendered in Australia Not Taxable in India: ITAT Delhi
648-Day Delay Condoned, Income Tax Appeal Restored to CIT(A): ITAT Bangalore
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.
