Income Tax
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Penalty Under 271(1)(c) Fails as Reopening Found Invalid: Madras HC
Madras HC Sets Aside Reopening Beyond 4 Years Based on Disclosed Facts
ITAT Accepts Delay of 234 days Due to Accountant Exit, Restores Appeal
Penalty for Wrong Income Claim Set Aside Due to Reliance on Audit Report
Kerala HC Allows Belated Settlement Application Under 245C Due to COVID Extension
Assessee Wins: Life Membership Club Fee Not Taxable Income – Madras HC
Books Not Examined Properly: ITAT Kolkata Remands Demonetisation Cash Deposit Case
CIT(A) Order on ICDS Addition Without Document Check Set Aside by ITAT
LLPs to Face Higher Taxes: LTCG Rate Rises from 12.5% to 18.5% Under New Income Tax Bill
CBDT Allows Processing of ITRs wrongly Invalidated by CPC
CBDT Amends Income Tax Rule 21AK in Twentieth IT Rule Change
Hyatt international has PE in India hence income attributable is taxable in India
Surplus funds of charitable institution can be used only for charitable activity
Penalty u/s. 270A(9)(a) cannot be sustained as specific instance of misreporting not stated
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.
