Income Tax
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ITAT Ahmedabad Deletes Addition for Small Foreign Currency Found During Search
Section 271(1)(c) Penalty Cannot Survive When Quantum Addition is Remanded
Partial Tax Relief on Alleged Bogus Purchases Due to Profit Already Declared
Cash Deposit Addition Deleted: ITAT Accepts Cash Withdrawals as Source, Invalidating S. 69A Charge
ITAT Ahmedabad Upholds CIT(A) Order Allowing Unsecured Loans & Housing Loan Interest
ITAT Deletes Cash Addition Based Solely on WhatsApp Message Without Section 65B Certificate
ITAT Allows Partial Relief on Demonetisation Cash Deposits Citing Agricultural Background
ITR Portal Glitches: Why a Multi-Vendor System is the Solution
Entire Bogus Purchase Can’t Be Taxed – ITAT Restricts Addition to 5% Profit
Presumptions Rejected- Commercial Reality Wins- ITAT Deletes ₹6.9 Cr Additions, Allows Only ₹5.47 L
Foreign Agent Commission Not Taxable: ITAT Quashes 40(a)(i) Disallowance for Services Outside India
Beneficial Owner Wins! TDS Cannot Be Denied Due to PAN Mismatch After Rule 37BA Compliance
Demonetisation Cash Deposit Explained: Why Loan Withdrawals Prevailed Over AO’s Suspicion
Order Collapses as 148 Notice Not Issued by Faceless AO
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.
