Income Tax
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Excel Sheet Alone Cannot Justify Excess Stock Addition: ITAT Delhi
High-Value Cash Receipt Limit: Section 269ST Compliance & 100% Penalty
Income Tax Exemption Granted to Welfare Board for Cess and Grants Income
Transfer Pricing on AMP Cannot Ignore Settled Tribunal Law: ITAT Bangalore
Ex Parte CIT(A) Order Set Aside: ITAT Remands Case Due to Non-Appearance of Assessee
Reassessment Set Aside as Notices Issued Outside Statutory Authority
20% Pre-Deposit for Income Tax Demand Stay Can Be Reviewed: Karnataka HC
Reopening Grounds Not Examined by CIT(A): ITAT Restores Multiple Appeals for Fresh Adjudication
Alleged Bogus Transport Charges Rejected for Want Proof
Appellate Authority Cannot Bypass Limitation by Invoking Section 150
Section 11 Exemption Denied as Coaching Activity Held Commercial
Penny Stock Addition Remanded Due to Ownership Dispute
Section 69A Addition Remanded for Fresh Verification of Cash Source
Unjustified Adjustment Attempts Cannot Deny Interest on Refund
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.
