Income Tax
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ITAT Bangalore Deletes Section 271FA Penalty on Co-operative Bank for AIR Non-Filing
Allahabad HC Allows Reassessment to Proceed Despite Identity Theft Defence
ITAT Mumbai Restores Transfer Pricing and MAT Issues for Fresh Adjudication
Gujarat HC Quashes Reopening as Change of Opinion on Section 80P(2)(d) Deduction
ITAT Delhi Quashes Reassessment Based Solely on Revenue Audit Objection
No TDS Liability on Overseas Reinsurance Premium Payments: ITAT Mumbai
Delhi ITAT Deletes Section 68 Addition on Unsecured Loans for Lack of AO Verification
Documented Purchases Cannot Be Bogus Merely for Subsequent GST Cancellation: ITAT Delhi
Search Clock Starts on Seized Material Receipt; AYs 2011-12 & 2012-13 Outside Section 153C
ITAT Mumbai Deletes Unexplained Shop Investment Additions Based on Third-Party Evidence
Gujarat HC Upholds Deletion of Rs. 11.69 Crore Section 68 Loan Addition
ITAT Rajkot Quashes Section 263 Revision for Inadequate Inquiry into Sundry Creditors
ITAT Ahmedabad Deletes Section 68 Additions on Loan and Opening Creditor Balance
ITAT Rajkot Deletes Section 68 Addition on Agricultural Income Without Books
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.
