Income Tax
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Previous Year vs. Assessment Year under Income Act 1961 & Key Exceptions
ITAT Ahmedabad Allows 10AA Deduction Despite Form 56F Portal Glitch
ITAT Quashes WhatsApp Chats & Cancelled MOU based Additions
CIT(A) Erred in Applying Merger Doctrine – Matter Remanded to AO
ITAT Mumbai Quashes Reassessment: Contradictory AO Reasons Void Proceedings
ITAT Hyderabad Condoned 1060-Day Delay Due to Wrong Email ID in Income Tax Appeal
Section 263 Cannot Be Invoked Without Specific Error: ITAT Ahmedabad
ITAT Nagpur Protects Small Taxpayer: Physical Notices Mandatory When Opted
Year-Shift in GST Reporting Requires Detailed Reconciliation: ITAT Hyderabad
Late Notice in Demonetisation Case Renders Assessment Void Ab Initio: ITAT Lucknow
Less than 15-Day Notice Violates Natural Justice: ITAT Set Aside CIT(A) Order
Business Necessity Justifies Cash Payments: ITAT Deletes Section 40A(3) Addition
Mere Belated Filing Cannot Block Section 80P Deduction: ITAT Nagpur
Limited Scrutiny Breach: AO Cannot Travel Beyond Statutory Scope – ITAT Raipur
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.
