Income Tax
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ITAT Bangalore Upholds Cancellation of 12AB Registration for Influencing Media Content
No Section 41(1) Addition Without Actual Cessation of Liability
Belated Form 10B Filing Does Not Bar Section 11 Exemption
Unexplained Capital Addition Sent Back Due to Procedural Lapse in Appeal
Entire Sale Proceeds Cannot Be Taxed as Capital Gain
Late Section 148 Notice Leads to Complete Reassessment Failure
Section 153C Order Invalid Without Proper Satisfaction
1% Shroff Commission Addition Set Aside for Lack of Verification
Delay in Appeal Filing Must Yield to Substantial Justice
Accommodation Entry Income Cut to 1.5% in Bank Routing Case
Ex-Parte Appellate Orders Set Aside for Lack of Merits Review
CPC Cannot Treat Form 3CD Entries as Final Without Verification
Wrong Valuation Report Leads to Capital Gains Addition
Partners’ Remuneration Disallowance Set Aside Due to ITR Error
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.
