Income Tax
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SC Quashes 276C Prosecution After Settlement Commission Immunity
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AO Must Sign Assessment Order, Authentication Not Enough: ITAT Kolkata
Sale via POA Doesn’t Trigger Capital Gains: ITAT Ahmedabad
Ex-Parte Income Tax Order: ITAT Allows Fresh Assessment of Book Seller
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Interest from Co-op Investments Eligible for 80P Deduction, Not from Scheduled Banks
Revision u/s 263 Upheld: AO’s Silent Acceptance of Cash Deposits & Property Source is Erroneous
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80P Deduction allowed on NPA Disallowance & Farmers’ Reserve Provisions
Inadvertent Error in Form 35 to seek condonation Can’t Kill Appeal: ITAT Delhi
Penalty u/s 271(1)(c) Deleted by ITAT Kolkata for Forced & Retracted Disclosure
Madras HC Quashes TDS Delay Prosecution – No Mala Fide, Only Staff Lapse
Composite & Mechanical approval u/s 153D invalidates assessments
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.
