Income Tax
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Delhi HC Admits Appeal as ITAT Relied on Inapplicable Section 56 Provisions for Valuation
ITAT Restores Protective Addition as Substantive Addition Had Not Attained Finality
SC Order Settled the issue of Taxability of International Software Supply Transactions?
Sales Accepted, Books Not Rejected: ITAT Cuts Bogus Purchase Addition to 5%
Part Payment Through Bank Does the Trick: ITAT Deletes Section 56(2)(vii) Addition Despite 7-Year Gap in Registration
ESOP Discount Allowed as Liability Accrues Over Vesting Period: ITAT Bangalore
No Section 68 Addition for Demonetization Cash Deposits Supported by Recorded Sales: ITAT Delhi
Appeal Dismissal Under Section 249(4)(b) Invalid Without Advance Tax Liability: ITAT Hyderabad
CIT(E) Cannot Judge Hospital Tariffs to Decide Charity: ITAT Restores Reliance Hospital Trust’s U/s 12AB Registration
ITAT Upholds FBT Additions on Employee-Related free tickets, hospitality, conveyance, goods & lodging
ITAT Quashes Section 153C Assessments as Satisfaction Note Was Recorded After 1st April 2021
No Interest Disallowance When Own Funds Exceed Investments: ITAT Grants Major U/s 14A Relief
Suspicion Is Not Evidence: ITAT Deletes Rs. 3.68 Crore ‘On-Money’ Addition Based on Flat Allotment Letters
CIT(E) Cannot Ignore Existing Approval and Deny 12AB Renewal: ITAT Grants Relief to Jio Institute
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.
