Income Tax
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Revenue Cannot Question Commercial Decision to Raise Funds Without Evidence: ITAT Delhi
No Section 69 Addition Merely for Reflecting Depreciation in Incorrect ITR Schedule
Section 12A Renewal Cannot Be Denied Solely for Loan Verification Issue: ITAT Jaipur
ITAT Mumbai Quashes Reassessment Orders Due to Time-Barred Section 148 Notices
ITAT Restricts Section 263 Revision as Prior Period Expenditure Was Verified in Consequential Assessment
Finance Lease Accounting Doesn’t Decide Tax Treatment as Ownership Remains With Lessor
17-Month Delay in Deciding Income Tax Appeal Violates Natural Justice: Calcutta HC
Madras HC Orders Fresh Assessment as Bona Fide Error in Section 54EB Exemption Claim Was Ignored
Delay of 252 Days Condoned as CIT(A) Failed to Consider Delay Condonation Application
TPO Cannot Value Management Fees at Nil Without Rejecting Evidence of Services Rendered
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.
