Income Tax
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Section 270A Penalty Notice Must Be Decided After Hearing: Madras HC
ITAT Cochin Allows Co-op Bank’s 80P Deduction despite lending to non-members
ITAT Mumbai Restores Rs. 34.31 Lakh Section 68 Cash Credit Case for Fresh Hearing
Form 10B Delay due to auditor negligence Not Fatal to 12A Exemption: Orissa HC
ITAT Bangalore Grants Relief in Section 80G Denial Citing Trustee Injury
Reopening of Assessment for AY 2015-16 Quashed by ITAT Kolkata
ITAT Allows Fresh Opportunity in 12A Registration Case as Notices Went Unnoticed
Section 80P Deduction Denied Without Merits: ITAT Cochin Remands Case to CIT(A)
ITAT Denies 80G Exemption to Educational Trust Over Unjustified Donations to Other Trusts
Calcutta HC Dismisses Reassessment Order Challenge, Cites Alternative Remedy
ITAT Pune Allows Section 80P Deduction Despite ITR Verification Delay
Inability to contact signatory not reasonable cause for delay in Appeal Filing
Assessment order on surrendered PAN constituted justifiable cause- ITAT Condones 607-Day Delay
ITAT Allows 5% Safe Harbour in Property Valuation- Section 50C Amendment Retrospective
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.
