Income Tax
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Ex-Parte Section 69A Cash Deposit Addition Remanded by Pune ITAT
Section 69 Cash Loan Additions Based on Impounded Tally Data Deleted: ITAT Lucknow
Bangalore ITAT Allows Section 80P Deduction Despite Return Filed Under Section 148
Madras HC Quashes Section 276CC Prosecution Where TDS Exceeded Tax Liability
Delhi ITAT Deletes Section 270A Penalty for Changing the Charge
Kerala HC Quashes Reassessments for Denial of Cross-Examination to Assessee
Madras HC Upholds Reassessment Despite Absence of Section 143(2) Notice
Delayed Retraction Cannot Undo Survey Admission on Bogus Entries: Calcutta HC
Section 147 Reassessment Invalid Where Section 153C Applies: ITAT Ahmedabad
ITAT Mumbai Deletes ₹1.45 Crore Addition Based Only on Survey Statement
Section 50C Not Applicable to Tenancy Agreement Without Sale Consideration: ITAT Mumbai
Interest on Surplus Funds with Banks Eligible for Section 80P Deduction: ITAT Nagpur
ITAT Kolkata Upholds Section 80G Deduction for Eligible CSR Contributions
ITAT Bangalore Allows Section 80G CSR Deduction, Remands Repairs Claims, Rejects Education Cess
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.
