Income Tax
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Vague Satisfaction Note – ITAT Delhi Quashes Assessments
ITAT Upholds Deletion of ₹9.84 Crore Addition on Demonetisation-Era Cash Deposits
Once Sales Accepted, No Scope for Bogus Purchase Addition
Ignorance of Law No Excuse- ITAT confirms Penalty u/s 271D for cash sale consideration
Agricultural Income Justifies Cash Deposits – ITAT Delhi Grants Relief
ITAT Delhi Upholds Deletion of Commission, Legal & Interest Disallowances
ITAT Delhi Allows Exemption u/s 11(2) – Deposit in Current Account with Scheduled Bank Treated as Valid Investment
One Mechanical 153D Sanction Approval for 7 Years is invalid: ITAT Delhi
ITAT Delhi Deletes Penalty – No Penalty Sustainable on Estimated Income
Notice Not in Format, Assessment Falls Flat – ITAT Delhi Quashes 143(3) Order
ITAT Delhi Quashes Reassessment as No Addition Made on Recorded Reason u/s 147
Addition for Unsecured Loans Deleted as identity, creditworthiness & genuineness proved
No Additions Without Proper 153C Block Period Computation: ITAT Delhi
Tax Implications of Tata Motors DVR Conversion in Ordinary Shares
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.
