Income Tax
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Ahmedabad ITAT: Bogus Purchase Addition Limited to 12.5% Profit Where Sales Accepted
Jaipur ITAT: U/s 12AB Registration Supports U/s 80G Approval Despite State Law Issue
Jaipur ITAT: Explained Bank Credits Not Taxable U/s 69A for AO Non-Compliance
Kolkata ITAT: ₹20.13 Cr Bank Credits Not Turnover; Fresh Chance to Prove Pass-Through Transactions
Kerala HC Directs CIT(A) to Decide 7-Year-Pending Income Tax Appeal
ITAT Pune Quashes Assessment Framed on Deceased Assessee Despite Legal Heir’s Participation
ITAT Mumbai: Section 12AB Registration Cannot Be Subject to Conditional Rider
Gujarat HC Quashes Section 148 Reopening for Absence of New Tangible Material
ITAT Delhi Deletes Section 69B Jewellery Addition for Items in Siblings’ Locker
Delhi HC: Audit Fee to Be Paid by Union for Audit Ordered Under Section 142(2A)
Madras HC: Investigation Wing Information Alone Cannot Justify Reassessment
ITAT Bangalore: Property Cost Cannot Be Assumed Nil Merely for Lack of Old Records
Gujarat HC Sets Aside Section 148 Reopening Where Depreciation Facts Were Disclosed
ITAT Mumbai: Section 68 Addition Deleted as Loan & Share Capital Transactions Were Genuine
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.
