Income Tax
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Bogus Purchase Addition Deleted Where Documentary Evidence Supports Transactions
Accommodation Entries Taxable Only on Commission, Not Gross Credits
ITAT Kolkata Upholds Reopening & Sustains ₹1 Cr Addition u/s 68 on Alleged Accommodation Entry
CPC Overreach Struck Down for Blanket Expense Disallowance
Notice Invalid as Approval Under Section 151(ii) Was Defective: ITAT Raipur
Form 35 Defect Curable, Dismissal Without Hearing Set Aside
Reopening Dropped as Supreme Court Concession on AY 2015-16 Is Binding
Section 10AA Deduction Upheld Despite Late Filing of Return
Faceless Assessment in Income Tax Act and its impact on Principles of Natural Justice
APA: An Analysis of Widely Adopted Tool for Tax Certainty from UAE Perspective
Share Gain Addition Struck Down Because It Was Outside Reopening Scope
Rule of Consistency Bars On-Money Addition Against One Co-Owner
₹4 Crore Addition Deleted Because Jurisdiction Collapsed Under Section 153C
Agreed Addition Not Conclusive Where Law Grants Exemption
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.
