Income Tax
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Exempt income expenses must be strictly excluded from book profits to compute MAT
Assessment Void if Section 143(2) Notice Issued by Wrong Assessing Officer
P&H HC Quashes Income Tax Demand Not Included in Approved IBC Resolution Plan
Section 154 Rectification Invalid for Orders Passed Under Vivad Se Vishwas Act: Delhi HC
ITAT Agra Quashes Reassessment as Actual Escapement Was Below Rs. 50 Lakh Threshold
Section 68 Addition Unsustainable Where AO Accepted Part of Same Credit Transactions: ITAT Ahmedabad
Special provisions for computing profits and gains under Income Tax Act, 1961
Sale of 25 Plots Not Business Income Due to Long-Term Investment Intent: ITAT Bangalore
Section 54 Exemption Cannot Be Denied Due to Joint Ownership With Spouse: ITAT Chandigarh
ITAT Orders Recalculation of Section 270A Penalty Due to Wrong Under-Reported Income Computation
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.
