Income Tax
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ITAT Ahmedabad Set Aside Ex-Parte Orders on Capital Gains & Penalty
FMV as on 01-04-1981 must be based on registered valuer’s report
Karnataka HC Upholds exclusion of Infosys & TCS due to huge size & turnover
Taxability of Rights Entitlements Under India–Saudi Arabia DTAA
Delay in filing From 67 is only procedural lapse: Madras HC
India’s ITR Filers Rise to 8.56 crore in FY 2024-25
Bogus purchases addition directed due to non-response to notices u/s. 133(6) and summons u/s. 131
Section 43CA doesn’t apply when market value is more than agreed value as on date of booking
Book profits u/s. 115JB not to be increased by adding disallowance u/s. 14A
De novo adjudication granted in matter of taxability of industrial promotion subsidy
Assessee Granted Opportunity to Explain 257-Day Delay: ITAT Amritsar
ITAT Ahmedabad Remands Case on Bogus Purchases for ITC Verification
Books Rejected Without Defects, Appeal Dismissed Unheard – ITAT Intervenes
Registration under 12AB & 80G Hinges on Genuineness, Not expenditure
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.
