Income Tax
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DCF Valuation Cannot Be Judged with Hindsight: Delhi ITAT Deletes ₹168.31 Share-Premium Addition
Section 80-IA Deduction Is Based on Tax-Adjusted Profits, Not Restricted to Book Profits: Pune ITAT
Pune ITAT Restricts Section 69A Addition to 12% of Cash Deposits
Mumbai ITAT Upholds ₹176.26 Crore Section 69A Addition for Unproved Diamond Sales
Section 40(a)(i) Disallowance Cannot Be Decided Before Section 201 Appeal: ITAT Mumbai
Pre-NCLT Income Tax Demands Stand Extinguished and Irrecoverable: Delhi ITAT
Reimbursement Receipts Cannot Justify Proportionate TDS Credit Denial: Mumbai ITAT
Suspicion Cannot Replace Evidence: Chennai ITAT Deletes ₹9.66 Crore Additions
Allotment Letter Can Be “Agreement” for Section 56 Valuation: Mumbai ITAT
Mumbai ITAT Cancels Section 271(1)(c) Penalty for Mere Change in Head of Income
ITAT Delhi Deletes ₹11.89 Crore Bogus Purchase Additions, Citing Toll Records
Non-Member Club Receipts Taxable Only on Profit Element: ITAT Pune
₹6 Lakh Political Donation Reassessment Beyond Three Years Time-Barred: Mumbai ITAT
‘On-Money’ Not an “Asset” for Extended 10-Year Search Assessment: Mumbai ITAT
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.
