Income Tax
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Madras HC Upholds Assessment Where Section 127 Transfer Order Was Not Denied
Bombay HC Quashes Section 127 Transfer After Search Assessment Already Completed
Late Form 10B Filing Cannot Deny Section 11 & 12 Exemption: ITAT Mumbai
ITAT Delhi Deletes Section 68 Addition for Loans Without Corroborative Search Material
ITAT Kolkata Deletes ₹20 Lakh Addition Based Solely on SMS and WhatsApp Messages
ITAT Delhi Rejects Section 69C Addition Based on Uncorroborated WhatsApp Chats
Bombay HC Holds Time-Barred Liability Does Not Cease, Restricts Bogus Purchase Addition to 12.5%
ITAT Allows Section 11 Exemption for AY 2020-21 After 12AB Registration
Delhi HC: ₹55-Crore Foreign Investment Cannot Be Added u/s 68 After Evidence Established
Section 68 Addition in Wrong Year Unjustified Even for Colourable Device: Delhi HC
Delhi HC Upholds Penalty Deletion Over Ambiguous Section 271(1)(c) Notice
TDS Credit Cannot Be Denied Merely for Non-Reflection in Form 26AS: Bombay HC
Mumbai ITAT Deletes ₹68.41 Lakh Penny Stock Addition as Documentary Evidence Proved LTCG
Mumbai ITAT Deletes ₹25 Lakh Addition After Identity, Creditworthiness and Genuineness Proved
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.
