Income Tax
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ITAT Delhi Deletes Section 44BB Addition as Revenue Failed to Establish PE in India
Non-Realization of Sale Consideration Cannot Delay Capital Gains Tax: ITAT Ahmedabad
Cash Payments for Paddy Purchase Allowed as Transactions Fell Under Rule 6DD Exceptions
Reassessment Order Set Aside Despite Service at PAN Address as Effective Hearing Was Not Granted
ITAT Deletes Unexplained Investment Addition as Payments Were Fully Traceable Through Banking Channels
ITAT Deletes Section 68 Addition as No Share Capital Was Received During the Year
ITAT Delhi Allows Bad Debt Deduction as Valid Book Write-Off Is Sufficient
ITAT Kolkata Deletes Interest Disallowance as AO Exceeded Scope of Limited Scrutiny
ITAT Allows Advertisement Expenses as Sponsorship & Promotional Activities Were Business-Related
ITAT Bangalore Condones Appeal Delay Due to Assessee Filing Returns Under New PAN
Unexplained Money Addition Quashed as Transactions Were Conducted on Behalf of Bank
LTCG Addition Quashed as Revenue Relied Solely on Uncorroborated Third-Party Diary Entries
Section 14A Disallowance Cannot Exceed Exempt Income Earned: ITAT Delhi
No Equalisation Levy on Google Ad Reimbursements as Services Were Provided to Foreign Subsidiary
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.
