Income Tax
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Redeemed My ELSS Fund After 3 Years – Is Gain Taxable & How Much?
ITAT Deletes Section 68 Addition as Accepted Cash Sales Cannot Be Treated as Unexplained
ITAT Deletes Transfer Pricing Adjustment as CCDs Are Not Call Options
ITAT Holds Interest on CCDs Allowable as RBI’s FDI Classification Cannot Govern Income Tax
ITAT Remands Support Service Fee Disallowance as CIT(A) Ignored Documentary Evidence
ITAT Deletes CCD Interest Disallowance as Debentures Remain Debt Until Conversion
ITAT Deletes TP Adjustment as CCDs Remain Debt Until Conversion
SC Allows Income Tax Assessment as Jurisdiction Objection Was Not Raised Within Section 124(3)(a) Time Limit
Allahabad HC Upholds Section 148 Notice as Cash Deposit Information Was Relevant
ITAT Quashes Section 153C Assessments as Proceedings Were Barred by Limitation
ITAT Deletes Demonetization Cash Deposit Addition as Books & VAT Records Were Accepted
Telangana HC Restores Income Tax Appeals After Vivad Se Vishwas Lapse
Bangalore ITAT: TDS Credit Cannot Be Denied Merely Because It Was Omitted in Original Return
Assessment on Amalgamated Bank’s Predecessor Held Void; ITAT Quashes Order Passed in Name of Non-Existent Syndicate Bank
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.
