Income Tax
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AE Can Be Tested Party for RPM Benchmarking in Merchant Trading: ITAT Delhi
Penalty Not Leviable Where Section 148 Return Accepted Without Addition: ITAT Ahmedabad
Carbon Credits Capital Receipts; Corporate Guarantee ALP Restricted to 0.5%: ITAT Ranchi
Section 80IA Deduction Need Not Be Reduced While Computing Other Deductions: Allahabad HC
Reopening on Issues Examined in Original Scrutiny Is Change of Opinion: Gujarat HC
Unexplained Source of Partner Capital Taxable in Partner’s Hands, Not Firm: ITAT Raipur
Interest on Unsold Flats Is Revenue Expense After Project Completion: ITAT Mumbai
Old Section 12A Certificate Loss Cannot Invalidate Existing 12AB Registration: ITAT Mumbai
Sun Pharma’s ₹263.69 Crore LLP Capital Loss Claim Remanded for Valuation: ITAT Ahmedabad
Mechanical Section 153D Approval Without Application of Mind Invalidates Assessment: ITAT Delhi
RFCTLARR Compensation Exempt From Income Tax Except Section 46 Cases: AP HC
No Income Booking Alone Cannot Justify Business Expense Disallowance: Gujarat HC
Writ Against DVO Reference Not Maintainable at Premature Stage: Calcutta HC
Section 54 Exemption Denied Where New House Bought Solely in Wife’s Name: P&H HC
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.
