Income Tax
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Hyderabad ITAT Quashes Assessment on Dead Person – Participation by Legal Heir Cannot Cure Jurisdictional Defect
Corpus & Deemed Corpus Donation for Registered Non-Profit Organisations
Calcutta HC Upholds Section 263 Revision as AO Failed to Examine Allocation of Head Office Expenses
ITAT Quashes Reassessment as AO Changed Reason from Fake Loan Entries to Penny Stock LTCG
Criminal Case Quashed as Former Director Had Resigned Before ITR Filing Default
Section 69A Addition Cannot Survive Merely on Ground That Explanation Was an Afterthought: ITAT Delhi
Routine Administrative Workload Cannot Justify Delay in Filing Appeal: ITAT Bangalore
Income Tax Penalty Matter Restored as Quantum Appeal Was Still Pending Before CIT(A)
ITAT Deletes Duplicate Capital Gains Addition Due to Amended Sale Deed Error
Assessment Upheld as Material Seized in Search Can Be Used Even if Search Is Later Challenged
Kerala HC Upholds Rejection of Delayed Income Tax Refund Claim Due to Five-Year CBDT Limit
CPC Cannot Change AOP Status to Co-operative Society in ITR Processing: ITAT Ahmedabad
Madras HC Upholds Prosecution for Wilful Tax Default Under Section 276C(2)
ITAT Delhi Restores Appeal in Case Selected for Scrutiny Due to 0.33% Net Profit
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.
