Income Tax
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Google AdWords Is Advertising, Not Technical Service; Section 194C TDS Upheld
Section 270A Penalty Deleted as AO Failed to Specify Under-Reporting or Misreporting Charge
ITAT Deletes Section 69A Addition as Cash Deposits Represented Recorded Business Receipts
ITAT Deletes Jewellery Addition as Inheritance & Purchase Records Explained Source
12.5% Bogus Purchase Addition Sustained as Transport & Consumption Evidence Was Missing
Section 68 Addition Cannot Be Sustained as Suspicion Alone Is Not Evidence: ITAT Delhi
ITAT Allows Additional R&D Deduction as AO Granted Only 100% Instead of 200%
Assessment Challenge Fails as AO Cannot Question Commercial Wisdom of Borrowing
Chhattisgarh HC Dismisses Income Tax Writ Appeal as No Ground Existed to Issue Mandamus
TP Adjustment Set Aside for Failure to Prove Profit Shifting Under Section 80-IA(10)
Lack of Proper Legal Advice Sufficient to Condon Appeal Delay: ITAT Ahmedabad
ITAT Remands Section 69A Addition as Additional Evidence Goes to Root of Dispute
Section 69 Addition Deleted as Property Investment Was Made in Earlier Year
ITAT Deletes TP Adjustment as Earlier Coordinate Bench Ruling Was Binding
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.
