Income Tax
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No Reopening for Fishing & Roving Enquiries: ITAT Invalidates Section 147 Proceedings
Foreign Tax Credit Cannot Be Denied Merely for Delay in Filing Form 67: ITAT Pune
Minimum Alternate Tax (MAT) & Alternate Minimum Tax (AMT)
Tax Free / Exempt Income Under Income Tax Act, 1961
Entire E-Seva Cash Deposits Not Taxable Under Section 69A: ITAT Chennai
Section 234D- Interest on Excess Refund of Income Tax
DTVSV Settlement Does Not Render Reassessment Order Non Est for Section 154 Limitation
All about Interest Payable U/s. 234A, 234B & 234C
Business Expenses Cannot Be disallowed on Mere Suspicion: ITAT Mumbai
Section 271(1)(c) Penalty Deleted for Cash Deposits Linked to Earlier Withdrawals
ITAT Pune Directs Exclusion of Mutual Funds & Tax-Free Bonds While Computing Rule 8D Disallowance
Chennai ITAT Quashes Section 263 Revision on Excess Stock Taxation
ITAT Agra Quashes Reassessment for initiation on a Non-Existent PAN
Section 54 Allowed on Flat Booking Rights, But Capital Gains on Gifted Share to Wife Clubbed Under Section 64(1)(iv)
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.
