Income Tax
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Mumbai ITAT Deletes Section 270A Penalty for Bona Fide Interchange of Partner’s Remuneration & Profit Share
Mumbai ITAT Deletes Section 68 Addition on Genuine Intraday Penny Stock Trade
ITAT Allows Section 54F Exemption for Duplex Flats Purchased Through Separate Agreements
Management Support Fees Not Taxable as FTS Under India-Singapore DTAA: ITAT Mumbai
ITAT Upholds 10% Income Estimation on Unaccounted Cash Receipts of Land Aggregators
Chennai ITAT Deletes Cash Deposit Addition; Assessee Acted Merely as Conduit
Tick-Tock! The 31st July ITR Alarm is Ringing – Is the Taxpayer Ready?
Chennai ITAT Deletes Luxury Car Addition; Company’s Economic Ownership Prevails
No Notional Interest Disallowance Where Assessee Had Sufficient Own Funds: Chennai ITAT
Chennai ITAT Quashes Section 263 Revision; PCIT Can’t Revise Merged Penalty Order
Chennai ITAT Deletes Demonetisation Addition; Revenue Can’t Ignore Audited Sales and VAT Returns
Chennai ITAT Quashes Reassessment as No Addition Was Made on Recorded Reason
GSTR-2A Is Strong Evidence; Purchases Can’t Be Rejected Without Verification: Chennai ITAT
Chennai ITAT Deletes ₹76.45 Lakh Addition; Revenue Can’t Rely on Suspicion Once Source Is Proved
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.
