Income Tax
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Reassessment Notice Invalid When Section 151 Sanction Taken From PCIT Instead of JCIT: ITAT Raipur
Cash With Mother and Minor Children Cannot Be Rejected Ignoring Social Realities: ITAT Mumbai
ITAT Raipur Upholds Deletion of ₹1.15 Crore Section 68 Addition on Repaid Loans
Section 263 Cannot Be Invoked for Inadequate Inquiry or Roving Enquiry: ITAT Raipur
Section 264 Can Remedy Double Taxation Despite No Revised Return: Telangana HC
Reassessment on Issue Already Examined in Scrutiny Is Change of Opinion: Gujarat HC
Failures on Income Tax E-Filing Portal Before Due Date: Representation to CBDT
Excel Tax Audit Working Tool with Linked Audit Sheets
ITAT Ahmedabad Deletes TDS Demand on LTC During Madras HC Stay
Penalty Cannot Survive When Underlying Assessment Is Jurisdictionally Invalid: ITAT Kolkata
Assessment on Amalgamated Company Valid Where Merger Not Disclosed: Madras HC
Section 271D Penalty Deleted as Co-Sharer Got Relief in Same Transaction: ITAT Ahmedabad
Section 263 Revision Cannot Be Exercised at AO’s Instance: Calcutta HC
₹14,928 Crore Telecom Operating Expenses Allowable Despite Capitalisation in Books: ITAT Mumbai
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.
