Income Tax
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CIT(A) Cannot Echo AO: ITAT Restores Section 69A, Expenses & LTCG Issues for Fresh Examination
Bombay HC Orders Section 264 Reconsideration for Bona Fide ITR Mistake and TDS Credit
Section 264 Revision Cannot Be Rejected Merely Due to 143(1) Processing: Bombay HC
Omitted legitimate claim can be considered under Section 264: Bombay High Court
ITAT Rejects Mechanical 5% Profit Estimate on Stamp-Duty Collections
BPO Not KPO: ITAT Rejects Comparables, Deletes 14A Disallowance & Treats Forex as Operating Item
Section 92BA(i) Omission Prospective; Dixon Gets TP and Expenditure Relief
Commission Expense Cannot Be Disallowed Without Verification: ITAT Delhi
ITAT Grants Fresh Opportunity in Ex Parte Assessment as Evidence Was not Considered
Section 153C: Binding Delhi HC Precedent Trumps ITAT’s Contrary View
32-Day Bank Loan Cannot Be Branded Accommodation Entry: ITAT Delhi
ITAT Orders Fresh Look at Agricultural Land Taxability
ITAT Quashes Reassessment for Absence of Section 143(2) Notice
ITAT Deletes Section 270A Penalty for Failure to Specify Misreporting Limb
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.
