Income Tax
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ITAT Mumbai Sets Aside Assessment as Adequate Hearing Opportunity Was Not Granted
ITAT Remands Section 80GGC Claim as Political Donation Verification Was Incomplete
ITAT Quashes Section 153A Assessment as AY 2010-11 Fell Outside Ten-Year Block Period
CSR Donations Eligible for Section 80G Relief as Section 37 Disallowance Does Not Bar Chapter VI-A Deduction
ITAT Rejects Blanket Bogus Purchase Disallowance as Sales & Stock Records Were Accepted
ITAT Deletes Black Money Act Penalty Due to Bona Fide Schedule FA Omission
Advance Tax Payment Not Shield from Penalty for Concealment of Capital Gains: Madras HC
Loan Addition Sent Back to AO as Repayment Documents Required Verification
Bombay HC Quashes Section 271D Penalty as Issue Was Already Covered by Earlier Rulings
ITAT Upholds Section 154 Rectification as TOLA Extended Limitation for Rectification Proceedings
ITAT Quashes Reassessment as Section 148 Notice Was Issued After Limitation Expiry
ITAT Deletes Section 68 Addition as AO Relied Only on Past Accommodation Entry Allegations Without Direct Evidence
Rajasthan HC Dismisses GST Writ as Effective Statutory Appeal Remedy Was Available
ITAT Allows Delay Condonation as Rectification Application Remained Pending for Years
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.
