Income Tax
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ITAT Raipur Condoned 109-Day Delay Caused by Form 35 Email Issue
ITAT Pune Allows Gratuity Trust Exemption Despite Technical Error in Return
CIT(A) Cannot Dismiss Appeals Mechanically: ITAT Raipur Restores Penalty Appeal
AO’s Apprehension Not Evidence – Section 50C Inapplicable to Leasehold; Reassessment on Change of Opinion Invalid
No Penalty on Estimated Additions for Bogus Purchase: ITAT Mumbai
Mere inadequacy of enquiry by AO cannot justify invoking Section 263
Delta’s Code-Share Revenue Exempt Under DTAA: ITAT Mumbai
Delhi HC Upholds JAO Powers to issue reassessment notice Despite Faceless Scheme
ITAT Mumbai Deletes Rs. 184.75 Cr AMP TP Adjustment in L’Oréal India Case
Maintenance First, Tax Next – Windmills Must Stay Operational: Karnataka HC
System Glitch No Excuse- Refund Cannot Be Blocked by CPC Limitations
No Section 271(1)(c) Penalty on Estimated Bogus Purchases Additions: Bombay HC
Conflicting HC Rulings: ITAT Adopts Assessee-Friendly View on Section 115BBE
No Reassessment for 2015–16 If Notice Issued on or After 1st April 2021: Karnataka HC
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.
