Income Tax
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How to Correct a Wrong Income Tax Challan (AY, Head Code, or PAN) Online
Disallowance u/s. 80P quashed as interest on nonrecoverable loans not recorded
Reassessment based on incorrect facts and without application of mind cannot be sustained
Separate AMP adjustment uncalled as distribution business benchmarked separately
CBDT Grants CPC Power to Rectify AO Orders for Accounting Errors
Madras HC Directs Department to Dispose 10-Year-Old Representation in Six Weeks
Speed Post is not equivalent to Registered Post for Section 148 notice service
Madras HC Keeps Bank Recovery in Abeyance Pending Disposal of Stay Petition
Madras HC Grants Interim Stay on Demand Raised Against Deactivated PAN
Bombay HC Upholds 15% Profit Addition on Bogus Purchases – Rejects Full Addition
Cash Deposit Source Explained: ITAT reduces Rs. 10 Lakh Addition to 1 Lakh
Income from sale of foundation seeds allowed as agricultural income hence exempted u/s. 10(1)
ITAT Deletes Penalty Despite Bogus Purchase Finding Due to Faulty Charge
Purchase of Land Not Equal to Commencement of Charitable Activities: ITAT Chandigarh
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.
