Income Tax
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Corporate Guarantee for AE Falls Under Section 92B; 0.20% Commission Is ALP: ITAT Mumbai
Rule 128 Effective From 01.04.2017 Cannot Deny Kenya Foreign Tax Credit for Earlier Return: ITAT Mumbai
Section 28 Land Acquisition Interest Is Compensation and No TDS Deduction Permissible: Karnataka HC
No TDS on Compulsory Land Acquisition Compensation: Karnataka HC
Karnataka HC Directs Release of Land Acquisition Compensation Withheld Towards TDS
SC Dismisses Revenue SLP in Section 143(2) Limitation Case; Question of Law Left Open
Section 271AAB Penalty Quashed as Notice Failed to Specify Applicable Limb: ITAT Pune
Section 271AAB Penalty of Rs.43.78 Lakh Deleted for Defective Notice: ITAT Delhi
Section 271AAB Penalty Invalid When Notices Fail to Specify Applicable Limb: ITAT Delhi
Pen Drive Entries Without Corroboration Cannot Sustain Addition: ITAT Chennai
Cash Addition Based on Third-Party Loose Sheets Without Corroboration Deleted: ITAT Chennai
Section 147 Reopening on Mere Suspicion of Fund Rotation Quashed: ITAT Delhi
Audit Report Filed Before Assessment Sufficient for Deduction; Filing With Return Directory: Delhi HC
Section 80-IA Deduction Cannot Be Denied If Audit Report Filed During Assessment: Gujarat HC
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.
