Income Tax
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TDS Credit Cannot Be Denied Merely for Non-Reflection in Form 26AS: Bombay HC
Mumbai ITAT Deletes ₹68.41 Lakh Penny Stock Addition as Documentary Evidence Proved LTCG
Mumbai ITAT Deletes ₹25 Lakh Addition After Identity, Creditworthiness and Genuineness Proved
INSIGHT Portal Data Alone Cannot Trigger Reopening Without Section 148A: Mumbai ITAT
No Income Enhancement Under Section 154 Without Hearing: Kolkata ITAT
Omitted Sales Justify Book Rejection, Not Arbitrary 8% Profit Rate: Kolkata ITAT
Prior Bank Withdrawals Explain Property Purchase Cash; Panaji ITAT Deletes ₹6.80 Lakh Addition
Section 148 Notice Upheld on ₹69.60 Lakh Property Sale; Ownership Verification Ordered
Panaji ITAT Deletes Penalties under Sections 271F & 271(1)(c) Due to Tax Consultant’s Failure
Panaji ITAT Rejects Section 115BBE, Treats Demonetisation Deposits as Poultry Receipts at 2% Profit
BSNL VRS-2019 Compensation Qualifies for Section 10(10B) Exemption: Panaji ITAT
Panaji ITAT Admits Section 148 Approval Challenge, Restores ₹15.76 Lakh Section 80P Claim
Delhi ITAT Remands Ex Parte CIT(A) Order for Fresh Adjudication
Why Form 26AS Reconciliation Still Fails to Catch Tax Frauds
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.
