Income Tax
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No Coercive Action in Fake ITC Cases When Assessees Cooperate: Chhattisgarh HC
Chapter VIA Income Tax Deductions (Section 80C to 80U ) & Common Mistakes
Share Premium Addition Quashed; DCF Valuation Cannot Be Replaced Without Specific Errors
ITAT Remands Inventory Write-Off Dispute Due to Non-Consideration of Evidence
Income Tax Assessment Set Aside for Violating Seven-Day Notice Requirement
Kerala HC Stays Recovery Pending Stay Petition in Income Tax Penalty Case
Unexplained cash credits addition u/s. 68 sustained as identity and creditworthiness not proved
Reassessment Quashed: JAO Cannot Issue Section 148 Notice After Faceless Regime
Income Tax Proceedings Invalid as Revenue Filed No Claim During CIRP Bombay HC
SC Applies Rajeev Bansal Ruling to Revenue’s SLPs on Reassessment
Penalty based on Loose Sheets/Ledger Without supporting proof not Valid
Full TDS Credit Allowed as Commission Income Already Taxed: ITAT Visakhapatnam
Appeals Dismissed as Consolidated Approval for Search Assessments Found Mechanical
Once TNMM Is Applied PO Cannot Benchmark Management Fees Separately or Assign Nil ALP
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.
