Income Tax
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Depreciation Disallowance Deleted as Subsidy Was Capital in Nature
Assessment Quashed Due to Mechanical Section 153D Approval
Addition Set Aside Due to Denial of Video Conference Hearing
Depreciation Disallowance Quashed Due to Lack of Incriminating Material
No 271AAB Penalty for Book-Based Disallowances Without Search Incriminating Material
Whatsapp Chats Insufficient for Section 69A Addition Without Proof of Receipt: ITAT Delhi
No Deduction Claimed, No Scope for CPC Adjustment
Cash Payment Disallowance Rejected Due to Valid 40A(3) Relief
Revenue Appeal Dismissed Due to Wrong Forum Selection
Section 148 Notice Invalid Because PCCIT Approval Was Mandatory
Section 263 Invoked for Failure to Verify Source of Cash Deposits
Registration Under U/s 12AB Cannot Be Denied Without Examining Trust Activities
Long-Term Capital Loss Allowed on Tranche-Wise Share Analysis
Final Assessment Set Aside Due to Limitation Breach After Invalid TP Order
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.
