Income Tax
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Section 271(1)(c) Penalty Fails When AO Accepts Reopened Return
10% Expense Addition Set Aside for Absence of Evidence-Based Findings
Inspector’s Report Cannot Be Used Behind Assessee’s Back: ITAT Delhi
Section 68 Inapplicable to Identified Donations to Charitable Trust
Section 194T (10% TDS) causing cash-flow blockage for MSMEs
Section 68 Cannot Be Invoked Merely for Non-Appearance of Share Subscribers on Presumptions
Section 40A(3) Disallowance for Cash Freight Payments Within ₹35,000 Quashed; WhatsApp Chats Insufficient
Assessment Quashed for Ignoring DRP Objections- HC directs CBDT to Plug Procedural Gaps in DRP Process
Reassessment Notice & Order Quashed for Denial of Opportunity to Produce Accounts
Repayment of Accepted Loans Cannot Be Treated as Unexplained Income
Section 80HHC Amendment Non-Retrospective: Delhi HC Quashed Reassessment Notice
Tax Demand Inconsequential After Section 10(46) Exemption Notification: Calcutta HC
Income Tax Reassessment Notice Quashed for Breaching 10-Year Limitation Rule
PCIT-263 Upheld for Inadequate Inquiry in Search Assessment: ITAT Mumbai
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.
