Income Tax
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120-Day Release of Seized Cash Under Section 132B Referred to Larger Bench: Gujarat HC
Excess Section 14A Disallowance in Return Can Be Corrected in Appeal: ITAT Mumbai
Debenture Interest Satisfied Through Shares Taxable on Conversion: Madras HC
Mark-to-Market Loss on Physical Silver Held as Trading Stock Allowable: ITAT Mumbai
TPO Selection Under Rule 10B Does Not Conclude Comparability: Karnataka HC
Separate Gaming Winnings Cannot Be Aggregated for Section 194B TDS: ITAT Mumbai
Foreign Asset Deemed Acquired in Year of Section 10 Notice: Karnataka HC
Bogus Purchase Addition Restricted to 6% as Sales Accepted: ITAT Mumbai
100% Bogus Purchase Addition Set Aside for Fresh GP Estimation: ITAT Mumbai
AO Ignored Existing Section 143(3) Assessment—Reopening After 4 Years Quashed: ITAT Mumbai
Delayed Supply of Reopening Reasons and Undecided Objections Vitiate Reassessment: ITAT Mumbai
Section 148 Notice Issued to Deceased Assessee Is Void Ab Initio: ITAT Chennai
Binding Madras HC Order Prevents SBI’s TDS Default on Foreign LFC: ITAT Ahmedabad
High Court No-TDS Direction Protects SBI From Section 201 Default: ITAT Rajkot
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.
