Income Tax
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CIT(A) Dismissed Appeal for Non-Prosecution; ITAT Restores After Assessee Explains Missed Notice
Penalties Under Sections 271D & 271E Deleted for Limitation Breach
ITAT Partially Allows Demonetisation Cash Addition Using Reasonable Estimate
AO’s Suspicion Not Enough: ITAT Deletes Section 68 ‘Accommodation Entry’
Suspicion Isn’t Proof: ITAT Surat Deletes Unexplained Money Addition
JAO and FAO Have Concurrent Power to Issue Reassessment Notices: Delhi HC
Non-Speaking Order Struck Down – ITAT Sends Capital Gain Appeal Back to CIT(A)
Section 44AD on Govt Charges? ITAT Pune Remands Stamp Duty Facilitator Case
TOLA Can’t Extend Section 148 Timeline: Rajkot ITAT Quashes Reopening
Penalty Falls with Quantum: Rajkot ITAT Deletes 271B After Base Addition Removed
JAO-Issued Reassessment Notices Quashed for Violating Faceless Scheme
Exemption Under Section 54F Allowed for Multiple Flats by Madras HC
Section 80HHC Granted as Exporters Below ₹10 Crore Must Be Treated Same as Large Exporters
No Firm, No Assessment: ITAT Mumbai Strikes Down 147 on Dissolved Partnership
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.
