Income Tax
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Delhi HC Stays Reassessment Over ₹443.26 Cr Goodwill Depreciation, GST Transactions
Capital Loss on Physical Share Sale Allowed Where Revenue Fails to Prove Sham Transaction: Delhi ITAT
ITAT Mumbai Restores Deceased Assessee’s Reassessment Appeal for Jurisdictional Adjudication
Bank Cannot Create Lien for Section 194N TDS: Karnataka HC
Delhi HC Examines Tribunal’s Section 153C Annulment Without Cross-Appeal
Gujarat HC Quashes Reassessment of Trust Where 85% Application Was Met
Delhi HC Dismisses Section 69 Appeal Where No Unexplained Investment Found
Delhi HC Directs AO to Explain Four-Year Income Tax Refund Delay
ITAT Bangalore Restores Assessment of 66-Year-Old Blind Taxpayer for Fresh Adjudication
ITAT Mumbai Holds TNMM MAM for Value-Added Medical Equipment Distribution
Aborted Project Costs Revenue Expenditure for Tax Purposes: Gujarat HC
ITAT Ranchi: PCIT Cannot Seek Reverification of Issues Already Examined by AO
ITAT Agra Directs ₹4.06 Lakh TDS Credit Where Co-owners Did Not Claim Their Shares
ITAT Delhi Quashes Section 153C Assessments Over Mechanical Section 153D Approval
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.
