Income Tax
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Compensation for Cancelled Land Sale Allowed as It Was for Commercial Expediency: ITAT Chennai
Protective Assessment Deleted as Assessee Not Found Beneficial Owner of Foreign Assets
Undated recorded reasons for reopening: ITAT Delhi Quashes Reassessment
Delay in Form 10-IC Condoned as Procedural Lapse Cannot Defeat Section 115BAA Benefit: Bombay HC
SC Dismisses SLP as Advance Sale of Room Nights Issue Was Already Covered by Precedent
Bombay HC Dismisses Tax Appeal as Advance Room Night Receipts issue Already Settled in Earlier Years
No TP Adjustment Allowed if Foreign LLC Income Was Already Taxed in India: ITAT Delhi
Section 194C TDS not applies on materials purchased for installation work: ITAT Kolkata
ITAT Delhi allowed Section 115BAA Benefit despite Delay in Form 10-IC
ITAT Delhi Quashes Reassessment as ACIT Lacked Jurisdiction Under CBDT Income Limits
TP Adjustment Quashed as Benefit Test Cannot Justify NIL ALP After Service Receipt Is Established
ITAT Remands Section 270A Penalty Case if Quantum Appeal Was Still Pending
ITAT Deletes Section 69 Addition for YEIDA Payments Explained Through NBFC Funding
ITAT Quashes Reassessment as Reopening Was Based Solely on Borrowed Satisfaction
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.
