Income Tax
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Reassessment Quashed as Section 148 Notice Issued After Six-Year Limitation
Property Deal Mismatch? How Section 50C and 56(2)(x) Can Create Phantom Income
Residential Status and Taxability Under Indian Income Tax Law
ITAT Deletes Addition as Booked Flats Without Enforceable Agreements Cannot Trigger PCM Revenue
Bombay HC Condones 11-Day Delay in Filing Form 10-IC Due to Genuine Hardship
Section 263 Revision Quashed as Safe Harbour Rule of 10% Held Retrospective: ITAT Raipur
Telangana HC Dismisses Writ as Section 139(8A) Bars Updated Return During Pending Assessment
SC Dismisses SLP as Reassessment Lacked Approval from Correct Specified Authority
Reassessment Invalid as Approval Taken from Wrong Authority Beyond Three-Year Limit: Delhi HC
SC Upholds No TCS under Section 206C(1C) on Illegal Mining Compounding Fees
Compounding Fee Not Royalty: HC Quashes TCS Demand on Illegal Mining Fines
Delhi HC Dismissed Reassessment Challenge: Factual Disputes Must Be Decided by AO
Madras HC Upheld Reassessment but Order Set Aside for Lack of Discussion on Penny Stock Addition
Section 54F Deduction Based on Actual Sale Consideration, Not Deemed Value: ITAT Raipur
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.
