Income Tax
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Sham transactions through stock exchanges doesn’t make transactions genuine
Notice not served via physical mode as opted by assessee in Form 35 – ITAT quashes ex-parte order
Loan Repayment Not Unexplained Cash Credit: ITAT Upholds Deletion of Addition
Assumptions Can’t Override Verified Records: ITAT Deletes 3% Profit Addition
ITAT Restores Cash Deposit Case Due to Unexamined Debits & Additional Evidence
ITAT Panaji Restores Appeal Dismissed on Technicality for 1-Day Delay
ITAT restores hotel assessee’s reassessment case to AO for fresh review
Madras HC Sets Aside Income Tax Order to allow submission of Reply with Documents
ITAT Patna Restores Ex-Parte Case to AO for Fresh Hearing
Income from revocable trust was taxable in settlor’s hands and not in hands of Trust
Apartment Maintenance Must Be Based on Area, Not Equally: Bombay HC
Addition of Rs. 30 Crores u/s. 68 remitted as additional evidences filed u/r 29 of ITAT Rules
ITAT Bangalore Grants Partial Relief on Demonetisation Cash Deposit
Share capital/ premium added as unexplained cash credit as creditworthiness and genuineness of transaction not proved
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.
