Income Tax
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Differential treatment with co-purchaser not allowed; ITAT Deletes Short TDS Demand
No Section 12AA Registration, No Section 11 Exemption: ITAT Delhi
Section 43CA addition cannot stand without DVO valuation
Closing Cash Balance Cannot Be Taxed as Unexplained Money u/s 69A
Double Addition Not Permissible – ITAT Delhi Deletes Rs. 20.25 Cr Addition
Only Commission on Accommodation Entries Taxable, Not Entire Credits
100% Disallowance of Bogus Purchases Unjustified – Only Profit Element Taxable
Determining Residential Status under Income Tax Act, 1961: A Critical Analysis
Direct and Indirect Taxation of Virtual Digital Assets in India
No Addition u/s 69A if name of Assessee was not mentioned in seized documents
No revision u/s 263 merely because CIT had different opinion in the matter
ex-parte Appeal dismissal by CIT(A); ITAT Jabalpur Remands Case for Fresh Hearing
Stock Surrender in survey: Ex-parte dismissal by CIT(A) not sustainable
Non-Compliance with Statutory Notices – ITAT Upholds Penalty u/s 271(1)(b)
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.
