Income Tax
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Sports Trust’s Charitable Status Sent Back for Review Due to SC’s AUDA Interpretation

ITAT Allows leave encashment benefit u/s 10(10A) for service with Govt undertaking prior to restructuring

New vs Old Tax Regime: Which One Honestly Works Better for You?

Unexplained investment addition relying solely upon unverified excel sheet and loose sheet cannot be sustained

Reopening of assessment for wrong year is illegal and unsustainable

ITAT Mumbai Deletes ₹1.26 Cr Income Addition for Lack of Income Character

ITAT Delhi Strikes Down 271DA Penalty for Missing Satisfaction in Assessment Order

FEMA Penalties Reduced Despite Hawala & Undervaluation: Tribunal Partly Relieves Family

Shareholding Dilution from Fresh Issue Does Not Trigger Capital Gains: ITAT Delhi

ITAT Mumbai Condones Delay of Housewife-Assessee & Remands Matter to CIT(A) for Fresh Disposal on Merits

Transfer order u/s. 127 made without serving notice upon assessee is invalid and inoperative

Disallowances Sustained Due to Lack of Evidence Against CIT(A)’s Verification

ITAT Deletes 36(1)(iii) Interest; Remands Rent/Salary for Verification

ITAT Dismisses Revenue’s 14A, TDS & LTCG Grounds Against PNB
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.
