Income Tax
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Suspicion Alone Cannot Trigger Reassessment: ITAT Delhi on Validity of 147 Notice
CSR Donations to Approved Trusts Eligible for 80G Deduction: ITAT Mumbai
AO Cannot Override TPO: ITAT Mumbai Allows Full 80IA Deduction for Captive Power Sales
ITAT Mumbai Allows Advertisement Expenses as Revenue Deduction – Deletes ₹2.44 Cr Addition
LTCG Rate of 20% u/s 112 Applies on Depreciable Asset Gains: ITAT Mumbai
India’s Incentive Stack for Future Industries: Capital, Tax, and Interest Support
Identity, PAN, ITR & Repayment Proved – ITAT Rules in Favour of Assessee on Unsecured Loans
ITAT Restricts Tax on Bank Deposits to Peak Credit – Full Cash Not Taxable
ITAT Sets Aside Ex-Parte Income Tax Order for Failure to Consider Submissions
AO’s 6% Profit Estimation Upheld -Difference of Opinion on Estimation Not Enough
Liquor Licence in Father’s Name, Profits in Son’s Books: ITAT Upholds Taxability
Multiple Notices in Short Span + Covid Hospitalisation: ITAT Deletes section 272A(1)(d) Penalty
ITAT Jaipur Denies Charitable Exemption Over Misuse of Cloth Merchant Trust Funds
Non-Communication of Reasons in Transfer Order Vitiates Assessment: ITAT Bangalore
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.
