Income Tax
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Application u/s. 80G inadvertently considered as application u/s. 12AB: Matter restored
ITAT Allows Additional Evidence in ₹1.11 Cr Cash Deposit Case of Widow
Internal Director Disputes Not ‘Genuine Hardship’ for ITR Filing Delay: Delhi HC
Section 271(1)(c) Penalty Proceedings Failed Because Levy Exceeded Scope of Notice
Section 153A Assessment Restored Because Appeal Was Decided Ex Parte
Rs. 4.55 Crore Addition Invalid as Bogus Purchases Were Recorded in Books: ITAT Delhi
SC Upholds Quashing of Reassessments for Sanction Under Wrong Provision
Bombay HC Quashed Reassessment Notices Due to Invalid Sanction Under Wrong Provision
Bandwidth Charges Not Taxable as Royalty Under India-Singapore DTAA: ITAT Delhi
Sale of Property in India by a Non-Resident – Tax and TDS Provisions
Penalty u/s 271D Set Aside Due to Lack of Substantive Hearing
8% Presumptive Profit Upheld Where No Books Maintained: ITAT Chennai Backs CIT(A)’s Estimation
Diary Entries Alone Insufficient to Trigger Section 153C Proceedings
Ex-Parte Order No Ground to Deny Justice: Matter Sent Back to CIT(A)
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.
