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Income Tax - Page 3

CBCR: Why Such Reporting, By Whom, When, What Are the Difficulties and Benefits

CbCR (Country by Country Report) is one of the recent amendment which has created a lot of hue and cry in the industry, hence here in this article the author will provide the basic concepts related to CbC reporting for all the Chartered Accountants. ...

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Posted Under: Income Tax |

Online Information Data Base Access and Retrieval (OIDAR) Services in GST

Online Information Database Access and Retrieval services (OIDAR) is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services. E.g. download of an e-book online for a payment would amount to receipt of OIDAR services by the ...

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Posted Under: Income Tax |

We are in a trust based taxation regime: CBEC Chairman

No. DO.No.19/CH(EC)/2017 (21/07/2017)

You are aware that Notification No. 16/2017 – Central Tax dated 7th July, 2017 has been issued specifying conditions for acceptance of Letter of Undertaking (LUT) in place of bond. You would appreciate that we are in a trust based taxation regime. ...

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Publication of names of tax defaulters in public domain — reg.

F.No. 1(153)/DIT(R)/I. T. Demand Cate/2017-18/ (21/07/2017)

As you are aware, the Directorate of Recovery & TDS is the nodal point of CBDT for co-ordination with field formations for implementing the policy of naming and shaming on behalf of the Income Tax Department. ...

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S. 10(46) CBDT notifies ‘Noida Special Economic Zone Authority, Noida’

Notification No. 70/2017-Income Tax / S.O. 2281(E) (20/07/2017)

CBDT notifies U/s. Section 10(46), ‘Noida Special Economic Zone Authority, Noida’, an authority constituted under the Special Economic Zone Act, 2005 of the Government of India, in respect of the following specified income arising to that authority, namely:-...

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S. 10(46) CBDT notifies ‘Assam State Biodiversity Board

Notification No. 69/2017-Income Tax / S.O. 2280(E) (20/07/2017)

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Assam State Biodiversity Board, a board established by the Government of Assam, in respect of the following specified income arising to that board, namel...

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S. 10(46) CBDT notifies ‘National Biodiversity Authority, Chennai’

Notification No. 68/2017-Income Tax / S.O. 2279(E) (20/07/2017)

CBDT notifies U/s. Section 10(46) ‘National Biodiversity Authority’, Chennai, an authority established under the Biological Diversity Act, 2002 (18 of 2003), in respect of the following specified income arising to that Authority, namely:...

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S. 10(46) CBDT notifies ‘National Council of Science Museums’, Kolkata

Notification No. 67/2017-Income Tax / S.O. 2278(E) (20/07/2017)

CBDT notifies U/s. Section 10(46) ‘National Council of Science Museums’, Kolkata, an autonomous body established under the Ministry of Culture, Government of India, in respect of the following specified income arising to the Council, namely:—...

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S. 10(46) CBDT notifies ‘Haryana Electricity Regulatory Commission’

Notification No. 66/2017/ S.O. 2277(E) (20/07/2017)

Central Government hereby notifies for the purposes section 10(46), 'Haryana Electricity Regulatory Commission', a commission constituted under the Haryana Electricity Reform Act, 1997 (Haryana Act No. 10 of 1998), in respect of the following specified income arising to that body, namely:‑...

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S. 10(46) CBDT notifies State Pollution Control Board, Odisha

Notification No. 65/2017-Income Tax/ S.O. 2276(E) (20/07/2017)

CBDT notifies U/s. Section 10(46), the State Pollution Control Board, Odisha, a board established by the Government of Odisha, in respect of the following specified income arising to that board, namely:-...

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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.