Income Tax
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Assessment Notices Quashed for Violating Clean-Slate Effect of Approved Resolution Plan

Section 271D Penalty Deleted as No Satisfaction Recorded in Assessment: SC

Section 80G Cannot Be Denied Merely for Possibility of Overseas Application: ITAT Orders Approval

Penalty Deleted as Foreign Asset Disclosure Defect Cured in Section 153A return Before Notice

Section 148 Notice Quashed for Breach of Faceless Reassessment Requirement

Gift from HUF to Member Requires Verification Before Taxation: ITAT Rajkot

Deemed Rent Upheld Using Online Data; Interest Deduction Remanded

ITAT Rules Employer Advances Cannot Be Treated as Unexplained Money Without Verification

Staff Misconduct & CA Oversight Not Valid Grounds for 441-Day Appeal Delay: ITAT Hyderabad

Improvement Cost Allowed as Property Was Semi-Constructed at Purchase

ITAT Raipur Quashes Assessment as Void Ab Initio for Absence of Mandatory Transfer Order under Section 127

Received Income tax Notice? Here’s when to worry and when not to

Taxability of Gratuities Received By An Employee

ITAT Delhi Quashes Additions Made Beyond Limited Scrutiny Scope
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.
