Income Tax
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ITAT Upholds 5% Addition Where Purchases Linked to Sales
Cash Deposit Reassessment Set Aside for Lack of Valid Sanction: ITAT Delhi
LTCG on Firm Dissolution Sent Back for Fresh Verification
Electronic Evidence Requires Cross-Examination Before Addition: ITAT Delhi
Unexplained Investment Limited to Actual Payment Made in the Year: ITAT Mumbai
Reopening After 3 Years Barred If Escapement Below ₹50L: ITAT Delhi
Loss on Share Sale Is Capital Loss, Not Expense: ITAT
Assessment Quashed for Missing Mandatory Section 153C Notice
No Valid U/s 143(2) Notice: Reopening Proceedings Void: ITAT Delhi
Mechanical Sanction Voids Reopening Under Section 147: ITAT Delhi
Section 50C Limited to Date of Actual Transfer, Not Later Escalation
Clerical Error in Form 10AB Not Ground to Reject Registration: ITAT Mumbai
Old Unsecured Loans Not Taxable Without Actual Waiver: ITAT Delhi
Section 148 Notice Issued Beyond Surviving Time Invalid: ITAT Delhi
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.
