Income Tax
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ITAT Allows Appeal as DVO Reference Was Invalid Under Pre-2012 Section 55A
Assessee Gets Relief as Section 55A Amendment Was Prospective, Not Retrospective
Registered Valuer’s Report Prevails as DVO Reference Failed Legal Requirements
ITAT Allows Registered Valuer’s Valuation as Section 55A DVO Reference Was Invalid
ITAT Deletes Capital Gains Addition as Section 55A DVO Reference Was Invalid
DVO Valuation Rejected as Assessee’s Registered Valuer Had Reported Higher FMV
Reopening of Assessment Invalid as DVO Valuation Was Lower Than Assessee’s Declared Value
Delhi HC Quashes Reassessment Notice as It Was Issued Beyond Extended Limitation Period
Karnataka HC Dismisses Revenue Appeal as Fresh Claim Can Be Raised Before CIT(A)
ITAT Deletes Tax Addition as Retrenchment Compensation Was Capital Receipt: ITAT Chandigarh
No TDS on Workmen Compensation as Package Was Linked to Industry Closure
ITAT Allows Full Exemption as HMT VRS Compensation Was Linked to Closure of Undertaking
Reassessment Proceedings Void as Section 148A Notices Were Issued to a Deceased Person: Rajasthan HC
Reassessment Notice Quashed as Section 148A(b) Procedure Was Not Followed Against Legal Heirs
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.
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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.
