Income Tax
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Income Tax Exemption for Rabindra Setu Commissioners
Lucknow Development Authority Notified Under Tax Act
Using Intra-Spousal Transfers as Gifts to Save Tax: Is It Legal?
ITAT Delhi quashes reassessment for failure to issue section 143(2) notice
Assessee Bears Burden to Disprove Best Judgment Assessment
ITAT Mumbai Reinstates Rs. 2.55 Crore Tax Matter for Fresh Adjudication
Tax Consultant Fraud: ITAT Waives Misreporting Penalty on Salaried Assessee
No Valid Service, No Reassessment: AY 2009-10 ₹418 Cr Addition Order Struck Down
Borrowed Satisfaction Vitiates Reassessment – ITAT Quashes Reopening in Case of Alleged Bogus Purchases
Penny Stock Allegation Fails – ITAT Delhi upholds Exemption on LTCG
ITAT Delhi Deletes Addition on Alleged Bogus Loss from Client Code Modification – No Evidence of Misuse
ITAT Delhi Restricts Section 11 exemption Denial to Extent of Section 13 Violation
ITAT Delhi Quashes Assessments – Mechanical Approval u/s 153D Held Invalid
ITAT Remands Section 80G Rejection Over Religious Object Clause
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.
