Income Tax
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Commission Addition Deleted for Lack of Proof of Accommodation Entries: ITAT Delhi
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No TDS on reimbursement of interest paid by a partner on behalf of firm
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Section 271D/271E Penalty Fails once Quantum Additions Deleted for Cash Loan Violations
Once Section 263 Order Is Quashed, Fresh Assessment Cannot Survive: ITAT Delhi
ITAT Pune quashed Penalty u/s. 270A(9) due to failure in specifying applicable limb
Special Income Tax Audit Without Valid DIN-Based Approval Void Ab Initio: Bombay HC
ITAT Delhi Set Aside Section 153C Orders for Exceeding Ten-Year Block
Manual Section 143(2) Notices Without DIN Invalid: ITAT Delhi
Demonetisation Cash Deposits: ITAT Cuts Section 68 Addition to ₹2 Lakh as Books Not Rejected
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.
