Income Tax
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ITAT Deletes Section 56(2)(viib) Addition as Shares Were Allotted to Existing Shareholders
SC Dismisses Revenue Appeal as ESOP Allotment Expense Is Allowable
Delhi HC Rejects ESOP Disallowance as Share Allotment Reflects Commercial Reality
ITAT Hyderabad Allows Foreign Tax Credit as Delayed Form 67 Filing Is Only Directory
Foreign Tax Credit Cannot Be Denied Due to Late Form 67: ITAT Hyderabad
Foreign Tax Credit Cannot Be Denied Due to Belated Form 67: ITAT Kolkata
ITAT Orders Fresh Decision on Foreign Tax Credit Due to Availability of Form 67 Documents
Bangalore ITAT Allows Mine Development Expenditure as Revenue Expense; Deletes Double Addition
Section 153C Proceedings Invalid as AO Failed to Record Separate Year-Wise Satisfaction: ITAT Delhi
Tax Benefits Available to Senior Citizens
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.
