Income Tax
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No Section 147 Reopening on Third-Party Search Material: ITAT Raipur
AO Must Refer to DVO Before 56(2)(x) Addition – ITAT Follows Calcutta HC Ruling
ITAT Dismisses Appeal for Defects and Delay in Filing despite 10 chances
Full Sale Consideration Taxed as STCG – ITAT Remands Case for Merits-Based Adjudication
ITAT Visakhapatnam Grants Final Opportunity in Section 80P Deduction Dispute
Section 56(2)(x) Addition Cannot Be Based on Guesswork of Stamp Duty
Extraordinary Delays due to COVID & procedural hurdle Can Be Condoned: ITAT Raipur
Computer-Aided Scrutiny Notice Without Prescribed Format is Invalid: ITAT Kolkata
Merits Over Technicalities: ITAT Condones 518-Day Delay, Sets Aside Ex Parte CIT(A) Orders
Dumb Documents Cannot Replace Evidence- ITAT Kolkata Deletes Rs. 11.35 Cr Addition
CIT(A) Has No Power to Remand in 201 Proceedings -SECL’s Multi-Crore TDS Dispute Sent Back
CPC Exceeded Powers: Section 143(1) Adjustment on Insurance Policy Quashed
Section 44AD vs 44ADA: Tax Scrutiny on Content Creators and Consultants
Request for Extension of Tax Audit Report and ITR Due Date
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.
