Income Tax
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Share Premium Can’t Be Taxed U/s 68 Merely Because AO Finds It Excessive: Mumbai ITAT
CAM Charges Attract TDS Under Section 194C and not Under 194J: ITAT Delhi
ITAT Deletes TDS Demand as Seller’s PAN Was Regularised Within CBDT Timeline
Income Tax Refund Interest payable up to actual date of refund issuance: ITAT Delhi
Section 56(2)(viib) Not Applicable to CCD Conversion Without Fresh Consideration: ITAT Delhi
Reassessment Beyond Four Years Invalid Without Finding of Failure to Disclose Material Facts: ITAT Delhi
AO cannot introduce a new addition while giving effect to appellate order: ITAT Chennai
Notional Market Rent Cannot Override Actual Rent Without Evidence of Suppression: ITAT Mumbai
ITAT Deletes Investment Addition as Bank Records Proved Source of Funds Despite Non-Production of Mother
Refund Cannot Be Adjusted Against Disputed Demand Pending Appeal & Stay Application: Calcutta HC
Delhi HC questions Denial of Prepaid Tax Credit Solely Because Return Was Filed After Section 148 Notice
ITAT Deletes PF-ESI Addition as COVID-19 Hardship and EPFO Relief Were Ignored
Income Tax Reopening Quashed as PAN Was Not Properly Transferred to Jurisdictional Officer
Scrutiny Assessment Quashed as Section 143(2) Notice Was Issued Without Jurisdiction: Calcutta 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.
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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.
