Income Tax
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Addition u/s. 43CA quashed as stamp duty and agreement value difference is less than allowable limit
Addition restricted to estimated profit element in bogus accommodation entries: ITAT Delhi
Section 148 Reassessment Notices: Jurisdictional Challenges for Taxpayers
ITAT Bangalore confirms deletion of Penalty for mere disallowance of claim
CIT(E) erred in concluding no activities by Trust: ITAT orders fresh consideration
No satisfaction, no disallowance—ITAT slams mechanical application of Rule 8D
Reopening quashed as matter already considered during original assessment: ITAT Cuttack
Permission from PCIT instead of PCCIT for reassessment beyond three years is invalid
How I Helped a Client Secure a Lower TDS Certificate & What You Should Know Before Applying
Addition u/s. 69A towards cash deposits deleted to the extent of accepted cash sales
Revision order u/s. 263 quashed as AO took plausible view after proper application of mind
No Section 68 Addition for Alleged Bogus LTCG Without AO’s Independent Verification
Religious label doesn’t disqualify Trust—Bangalore ITAT revives 12AB registration plea
Rejection letter under section 154 is a valid order- ITAT restores appeal for fresh hearing
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.
