Income Tax
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ITAT Deletes Addition Based on AIR Property Data as Assessee’s Evidence Remains Unrebutted
ITAT Allows 10% Safe Harbour on DVO Valuation Due to Estimation Nature of Property Values
Procedural Lapse Cannot Override Substantive Claim: ITAT Allows Depreciation Correction
United Spirits Case: Remand in TP Case Does Not Extend Section 153 Limitation
Income Tax Dept Flags Benami, Foreign Asset and TDS Cases for Action
Income Tax Dept Flags High-Risk Cases for Reassessment Under New Strategy
Income Tax Dept Flags High-Risk Transactions for Reassessment Action – Sections 148/148A
Delay in 12AB Filing Condoned as ITAT Mumbai Finds Reasonable Cause & Ignored Plea
Income Tax Not Applicable on Interim Court-Ordered Deposit Due to Lack of Finality: Telangana HC
CBDT Grants Section 35 Approval to Tea Research Association for Donor Tax Deduction
CBDT Approves Ahmedabad University Under Section 35(1)(ii) for Donor Tax Deduction
Raj Kundra Gifted Shilpa Shetty ₹12.5 Crore. Now Tax Tribunal Wants to Know How
Case Analysis: Validity of Re-assessment on a Deceased Assessee’s Estate
Reassessment Invalid if No Addition on Original Issue; AO Cannot Add on Other Grounds
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.
