Income Tax
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SC: State Cooperative Agricultural Bank Eligible for Section 80P Deduction
Delhi HC Dismisses Reassessment Under Sections 147/148 for AO’s Non-Application of Mind
ITAT Mumbai Deletes Section 69 Addition Based Solely on Uncorroborated Third-Party Statements & Excel Data
ITAT Mumbai Deletes Section 69 Addition Based Solely on Uncorroborated Third-Party Statements
ITAT Pune Deletes Addition on Ex Gratia Payment Received Under Pfizer Exit Scheme
No Section 276C Prosecution After Deletion of Section 271AAB Penalty: Rajasthan HC
Client Code Modification Alone Cannot Justify Section 68 Addition: ITAT Mumbai
ITAT Ahmedabad Allows Section 10(10B) Exemption Claim for BSNL VRS Compensation
ITAT Lucknow Deletes Section 271AAC Penalty After Deletion of Section 69A Addition
ITAT Lucknow Deletes ₹10.05 Crore Section 69A Addition on Bank Mitra Cash Deposits
CPWD Rates Cannot Be Applied for Rural House Valuation: Karnataka HC Deletes Section 69 Addition
ITAT Chennai Quashes Reassessment as No Addition Was Made on Recorded Reason
Fresh Section 148A(b) Notice Unsustainable After Completed Reassessment: Madras HC
Section 263 Cannot Cure Wrong Penalty Provision in Assessment Order: ITAT Chennai
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.
