Income Tax
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Delhi HC Quashes Section 153C Proceedings as Seized Documents Did Not Belong to Assessee
HC Condones Delay Under Section 119(2)(b), Allows Carry Forward of Capital Loss
Reassessment on Borrowed Satisfaction Invalid; Section 153C Must Apply: ITAT Ahmedabad
COVID-19 Hardship Justifies Delay Condonation Under Section 119(2)(b): Gujarat HC
Bombay HC Quashes Assessment for Failure to Issue Section 144C Draft Order
Section 12AB Registration Cannot Be Denied Without Proper Verification: ITAT Chandigarh
Mere Possession Cannot Prove Ownership of Seized Gold Jewellery: Mumbai ITAT
AO Cannot Recompute POCM Profits Without Rejecting Books: Ahmedabad ITAT
Time-Barred Reassessment Under Section 153 Invalid, Entire Addition Fails: ITAT Ahmedabad
Demonetisation Cash Deposits Not Unexplained if Backed by Regular Cash Sales Ahmedabad ITAT
ITAT Condones Delay in Section 270A Penalty Appeal, Orders Joint Hearing With Quantum Appeal
CBDT Approves CIIRC for Scientific Research Under Section 45(3)(b)
Only Profit on Business Bank Deposits Taxable, Not Entire Credits: ITAT Bangalore
Private Specific Trust with Sole Beneficiary Entitled to Individual Slab Rates: Jaipur ITAT
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.
