Income Tax
Log in to FollowGet all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
P&H HC Sets Aside Income Tax Attachment as Legal Heir’s Liability Limited Only to Inherited Assets
Gujarat HC Sets Aside Order for Ignoring CBDT Rule on ‘Obtaining’ Form 10B Before Return Filing
ITAT Mumbai Upheld MAT Liability Despite Prior SICA Status Due to Positive Net Worth
Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination
ITAT Orders Fresh Verification After Lack of Evidence on Loan Creditworthiness
ITAT Allows Civil, Plumbing & Electrical Costs as Acquisition Cost; Disallows Unrelated Travel Expenses
Section 263 Revision Quashed as Capital Gains Must Reflect Only Real Income
Ex-Parte Assessment Remanded as Assessee Was Abroad & Notice not Communicated by Consultant
Penalty Deleted as Incorrect Carry-Forward Loss Claim was Bona Fide Error: ITAT Chandigarh
Reassessment Quashed – Section 151 Approval Held Mechanical; No Application of Mind by PCIT
Addition Deleted as Clerical Mistake Doesn’t Overrule Substantive Evidence
Quashed Reassessment: Borrowed Info & Sec 151 Approval Invalid
Notional Claims Against CPRPL Cannot Substitute Real Accrual for Tax
Madras HC Quashes Income Tax SCNs, Notes Active Email Use; Imposes ₹50,000 Cost
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.
