Income Tax
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ITAT Quashes Reassessment as No Addition on Original Issue & Allows 80P Deduction despite unfiled Return
Accused declared as fugitive economic offender as requirements of Fugitive Economic Offenders Act are met
Black Money Recovered By Government Agencies
Shortfall in Direct Tax Revenue and Implications on fiscal deficit targets
Reassessment notice u/s. 148 quashed as approval from specified authority not obtained
Govt Plans PAN 2.0 Rollout to Simplify Tax Services
Tax Rate Reductions and Benefits for Salaried Individuals
Exemptions u/s. 11 and 12 denied in absence of valid registration u/s. 12A: ITAT Bangalore
Corporate Tax Cuts Boost Tax Revenues: Govt Data
Dismissal of appeal by CIT(A) due to non-prosecution without deciding it on merit not lawful
Addition of on-money and extrapolation without evidence found during search cannot be sustained
Part addition towards unexplained cash deposits deleted considering nature of business
CIT(A) Cannot Ignore AO’s Remand Report without Providing any basis
Reassessment on Deceased Person is Invalid: 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.
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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.
