Income Tax
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Madras HC Condones Delay under Section 119(2)(b) Despite Three-Year CBDT Circular Limit
ITAT Guwahati Upholds Section 69A Addition Where Cash Source Was Not Established
ITAT Chennai Deletes Section 69 Addition on Recorded Firm Investment
ITAT Deletes ₹54 Lakh Cash Addition; Accepts Property Dealer’s Intermediary Explanation
ITAT Mumbai Deletes Conditional Section 12AB & 80G Registration Conditions Imposed by CIT(E)
Forex Loss on ECB Restatement Held Capital in Nature: ITAT Chennai
Cost of Acquisition Must Be Deducted for Section 149 Threshold: Karnataka HC
ITAT Pune Quashes Reassessment Over Invalid Section 151 Approval
ITAT Kolkata Upholds Bogus LTCG Additions Applying Preponderance of Probabilities
ITAT Raipur Quashes AY 2017-18 Reassessment for Invalid Section 151 Approval
Calcutta HC Holds Section 292BB Cannot Cure Absence of Section 143(2) Notice
ITAT Indore Quashes Penalty for Vague Section 274 Notice
C&AG Flags Errors in Taxation of Unexplained Transactions – Sections 68 to 69D & 115BBE
CAG Audit Flags Delays and Errors in Vivad se Vishwas Scheme
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.
