Income Tax
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Penalty on Estimated Income Cannot Stand: ITAT Dehradun Deletes 271(1)(c) Levy Partly
Reassessment proceedings initiated with approval from wrong authority is invalid: ITAT Delhi
Scrap Sales Demonetization Cash deposit Addition reduced from ₹1.66 Cr to ₹8 Lakh
Bond Redemption Not Black Income: ITAT Rejects Revenue’s USD 3.2 Million Claim
Reassessment Notice invalid if approved by JCIT instead of Pr.CIT after four years
Behind Bars, But Not Beyond Justice: Ex-Parte Orders Set Aside as Assessee Was in Prison
No 143(1) Show-Cause Issued: ITAT Quashes ₹5.73 Cr Demand for TDS Mismatch
ITAT Deletes ₹5.89 Cr Addition, Retains ₹25 Lakhs: Cash Sales Not Taxable Under 68/115BBE
TP on Captive Software Services – Dissimilar Giants Excluded, Adjustment Removed
5-Day Delay & Missing Notarised Affidavit: ITAT Chennai Dismisses BMA Appeal
DTVSV Accepted – 263 Quashed: ITAT Pune Holds CIT(E) Cannot Revise After Issuing Form-4
Appeal Dismissed: No Additional Evidence Filed Under Rule 46A
Urban Improvement Trust being State within Article 289(1) not covered under Income Tax Act
ITAT Delhi Quashes Section 147 and 148 Proceedings Over Improper Section 151 Sanction
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.
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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.
