Income Tax
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ITAT Deletes ₹12.99 Crore TP Adjustment on Captive Power Under Section 80-IA
Hyderabad ITAT Allows 80-IA Relief on Captive Power Valued at Rs. 8.74 per Unit
ITAT Kolkata Deletes Section 69A Addition on Explained Demonetisation Cash Deposits
Electricity Transfer at CSEB Consumer Rate Is at Arm’s Length Price: ITAT Delhi
ITAT Kolkata Upholds Electricity Transfer Value for Section 80IA Deduction
Bombay HC Quashes Reassessment Notice Over Mechanical Section 151 Approval & Denied Personal Hearing
Bombay HC Quashes Reassessment Notice for Invalid PCCIT Sanction Under Section 151
Bombay HC Condones 29-Day Form 10B Delay, Restores Section 11 Exemption for Charitable Trust
ITAT Mumbai Deletes Deemed Rent Addition on Unsold Stock-in-Trade for AY 2014-15
ITAT Hyderabad Excludes KPO Recharacterisation, Allows PLI Adjustments in Transfer Pricing Case
ITAT Mumbai Deletes Section 271(1)(c) Penalty Where Reassessment Made No Addition
ITAT Bangalore Excludes High-Turnover Comparables, Allows COVID Employee-Cost Adjustment
Karnataka HC Sets Aside Assessment Order for Non-Compliance with Section 144C DRP Procedure
ITAT Agra Deletes TDS Demand on Foreign LFC Paid During Madras HC Interim Order
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.
