Income Tax
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CSR Payments to Approved Charities Qualify for Section 80G – Tribunal Reiterates
Rajasthan HC Quashes Reassessment Notice Issued by JAO Due to Faceless Regime Requirements
Section 271(1)(c) Penalty Invalid as Notice Lacked Specific Charge: ITAT Mumbai
Reassessment Quashed for Wrong Sanction: Notice Issued Without Mandatory PCCIT Approval
Receipts on surrender of tenancy rights not taxable U/s 56(2)(x): ITAT Mumbai
ITAT Allows Full Addition After Purchases Held Bogus: 8% Estimation Rejected
Faceless Assessment Scheme Not Applicable to Issuance of Section 148 Notices: Gujarat HC
Business Income or Capital Gains? Tax Treatment of Share Trading
Form 10-IE/10-IEA Compliance to Avoid Wrong Tax Regime Processing
Indexation From Previous Owner Upheld in Family Settlement & Demerger: ITAT Delhi
Notional Turnover ≠ Real Income: ITAT Sends F&O Estimate Back for Fresh Look
ITAT Allows Section 54 Deduction despite Registration Delay as Payments Made in Time
Penalty u/s. 271(1)(c) quashed as additional income was voluntarily disclosed and not based on seized material
Notice Under Section 148 Quashed for Reassessment Without Tangible Evidence
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.
