Income Tax
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ITAT Kolkata Voids Assessment As Section 143(2) notice issued by ITO instead of ACIT

No addition of LTCG on sale of immovable property as CIT(A)’s order lacks proper reasoning

ITAT Quashes Assessment Without Fresh notice u/s 148

Entire addition towards bogus purchases not justifiable: Gujarat HC

Internal CUP Most Appropriate for ALP in Captive Power Plant Transaction: Calcutta HC

Full Tax Demand Adjustment Against Income Tax Refund During Appeal Unjustified

Bank Account Attachment Lifted on 20% disputed Income Tax Demand Payment

Puducherry Construction Workers Welfare Board Income Tax Exemption

AP Construction Workers Board Gets Income Tax Exemption

Moradabad Development Authority Gets Income Tax Exemption

Greater Ludhiana Development Authority Gets Tax Exemption

TDS in 26AS: AO directed to allow credit after verification

Vague Section 271(1)(c) Penalty Notices Invalid: Bombay HC

Section 271(1)(c) Penalty Invalid Without Specific Grounds in SCN: Calcutta HC
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.

