Income Tax
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Rejection of Books Not Enough to Sustain Section 271A Penalty
Penalty Quashed Due to Vague 271(1)(c) Notice Without Specifying Charge
Final Assessment Quashed for Missing One-Month DRP Deadline
Loss-Making Co-operative Society Not Liable on Bank Deposits
Section 12A Order Set Aside Due to Breach of Natural Justice
Reassessment Quashed for Wrong Sanction Under Section 151
Profit Estimated as Safeguard; Bulk Cash Credit Addition Set Aside
ITAT Grants Last Chance in ₹2.28 Cr Unexplained Property Investment Case
Interest from Private Banks Eligible for 80P Deduction: ITAT Pune Clarifies
Illiteracy and Notice Errors Save ₹2.61 Cr in ITAT Delhi Ruling
Single Section 153D Sanction for Seven Years Deemed Illegal by ITAT
Section 153C Notice Invalid Due to Missing ₹50 Lakh Asset Satisfaction
Section 148 Notice by Local AO Invalid Under 2022 Scheme
Section 148A Proceedings Invalid Outside Section 151A Framework
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.
