Income Tax
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Section 143(2) Notice Mandatory After Section 148 Return; Revenue Appeal Dismissed: Patna HC
Section 80P Deduction Allowed on Interest & Dividend from Co-op Bank Deposits: ITAT Pune
Working in India for a Foreign Employer? Here’s How Your Salary Is Taxed
I Moved Abroad Mid-Year – Am I an NRI for Tax This Year, or Not?
Cash Gift Taxed, Car Gift Tax-Free? Surprising Section 56(2)(x) Difference
Section 147 Reassessment Valid Where Search Material Not Directly Pertain to Assessee: ITAT Pune
Bombay HC Permits Challenge to Section 147A Without Original Writ Petition
Bogus Sales Profit Addition Rejected as Sales Suppression Not Proved: Gujarat HC
Section 68 Addition Deleted as Loans Supported by Documents: ITAT Delhi
Section 12AA Registration Can Be Cancelled for Misuse of Trust Funds: Madras HC
Section 80JJAA Claim Rejected for Omission in Return: ITAT Mumbai
Section 148 Reassessment Upheld After Section 147A Amendment: Madras HC
Section 148 Reassessment Set Aside as Based on Change of Opinion: Madras HC
Section 68 Addition Quashed as AO Failed to Prove Creditors Were Shell Companies: ITAT Ahmedabad
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.
