Income Tax
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Donations from Identified Donors Cannot Be Taxed as Anonymous Donations: Delhi ITAT
Assessment Ignoring DRP Directions on Transfer Pricing Adjustment Quashed: ITAT Delhi
No Addition Where Stamp Duty Value Difference Is Within Tolerance Limit: ITAT Rajkot
No Section 271(1)(c) Penalty if Reopened Return Was Accepted Without Any Addition: ITAT Delhi
Delhi ITAT: Demonetisation Addition Deleted Despite No Cash Balance in Earlier Section 44AD ITRs
No Section 14A Disallowance Without Exempt Income; Wrong TDS Section Doesn’t Trigger Section 40(a)(ia): Delhi HC
ITAT Chennai: CIT(A) Should Have Condoned 23-Day Delay & Decided Appeal on Merits
Kerala HC Sets Aside Section 270A Penalty After Section 80P Deduction Was Allowed
ITAT Deletes 200% Penalty on Disallowed Section 80GGC Political Donation Claim
No Deduction for Unsupported Secret Commission Payments: Karnataka HC
ITAT Mumbai: Interest From Head Office Not Taxable; Allows Hub Costs, Broken-Period Interest, MTM Losses & Securities Diminution
Delhi HC Issues Show Cause to AO on Recovery of Delay Interest From Salary
No Section 153C Action Based on Unrelated Third-Party Documents: Supreme Court
Rental Income From Unused Premises Doesn’t Bar Section 12AB Renewal: ITAT Delhi
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.
