Income Tax
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No Section 68 Addition Without Incriminating Material in Search Assessments: ITAT Delhi
No Capital Gains on JDA Execution Without Transfer Under Section 2(47)(v): ITAT Nagpur
Assessment Quashed for Invalid Section 143(2) Notice Issued Without Jurisdiction: ITAT Delhi
Ground Handling Income Taxable in India, Not Exempt Under India-UK DTAA: ITAT Delhi
Interest on Delayed Sales Tax, Service Tax & PF Payments Deductible; TDS Interest Disallowed: Patna ITAT
Bombay HC Quashes Section 154 Demand for Failure to Produce Rectification Order
Section 147 Assessment Set Aside as ITO Lacked Pecuniary Jurisdiction: ITAT Delhi
Invalid Section 143(2) Notices Render Scrutiny Assessments Void: ITAT Delhi
ITAT Delhi Quashes Assessment as ACIT Lacked Jurisdiction to Issue Section 143(2) Notice
Capital Gains on JDA Taxable in Completion Certificate Year, Section 54/54F Relief Allowed: ITAT Bangalore
Section 54EC Deduction Enhanced to ₹1 Crore by Rectifying Tribunal Order: ITAT Pune
Assessment Order Enhaning Addition Without Opportunity Quashed: Bombay HC
Post-Death ITRs Cannot Be Ignored: Karnataka HC Enhances MACT Compensation
Absence of Legal Heir Certificate Alone Cannot Justify Section 68 Addition; ITAT Delhi Reduces GP Estimation
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.
