Income Tax
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Assessee’s Illiteracy & Reliance on Accountant Accepted as Reasonable Cause by ITAT
ITAT Deletes Sections 271(1)(c) & 270A Penalties for Bogus Section 80C Claims
No Penalty for Bona Fide & Debatable Claim of Depreciation & Interest on TDS
No Penalty for Genuine Mistake in Disclosure of Income Tax Refund Interest
ITAT Quashes Assessment & Revision Proceedings Due to Invalid Section 143(2) Notice Format
Assessment Order Void Ab Initio as 143(2) Notice Not Mentions Scrutiny Type
Old vs. New Income Tax Regime for FY 2024–25: Which One to Choose
Mere deduction disallowance not attracts Section 271(1)(c) Penalty: Madras HC
Compensation for “Right to Sue” not taxable as capital gains: ITAT Mumbai
ITAT Bangalore Sets Aside Cash Deposit Addition; Admits Crucial Additional Evidence for Fresh AO Review
₹1.58 Cr Disallowed Legal Expenses Allowed by ITAT as Business Expenditure
ITAT Bangalore Sets Aside Unreasoned 80G Rejection for Fresh Consideration
No TDS on Seconded Employee Salary Reimbursement: ITAT Bangalore
SOPs for sending notice to parties for hearing of cases before ITAT Bench
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.
