Income Tax
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HC Dismisses Revenue Appeal Against Deletion of Protective Section 69 Addition
CIT(E) Cannot Deny 12AB Registration by Examining Expenditure: Delhi ITAT
Bombay HC Dismisses Revenue Appeal on Article 8 DTAA Shipping Income Relief
Madras HC Upholds Search Addition Based on Loose Sheets & Section 132(4) Statement
Delhi ITAT Quashes Reassessment for Failure to Issue Section 143(2) Notice
HC Upholds Section 12A Registration for Society Promoting Anaesthesia Research
Bombay HC Sets Aside Reassessment Order for Section 148 Notice Issued on 1 April 2021
Delhi ITAT Deletes Section 68 Addition as AO Failed to Conduct Independent Enquiry
Pink Tax: The Hidden Cost of Being a Woman in India
Delhi ITAT Upholds Denial of Agricultural Income Exemption; Section 68 Issue Remanded
Delhi ITAT Quashes Section 153C Assessments as Notices Were Time-Barred & Satisfaction Notes Defective
Kolkata ITAT: Section 69C Cannot Be Invoked on Recorded Sales Receipts; Cash Payments under Section 40A(3) Deleted on Commercial Expediency
Hyderabad ITAT: Belated Filing of Form 67 Cannot Defeat Foreign Tax Credit under Section 90 and DTAA
Kachha Arhtia’s Turnover Is Only Commission; ITAT Hyderabad Deletes Section 271B Penalty
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.
