Income Tax
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₹1.17 Crore Commission Disallowance Remanded to Verify Agents’ Role in Export Sales: ITAT Mumbai
Madras HC Interim Order Protects SBI From TDS Default on Foreign LFC: ITAT Agra
Foreign Travel Under LTC Not Exempt Under Section 10(5): Supreme Court
Moratorium Bars Revenue Appeal Without Established Insolvency Claim: ITAT Delhi
ITAT Mumbai Directs 12AB Registration for Church Established Without Formal Trust Deed
Church’s 12AB Rejection Set Aside for Fresh Hearing Despite Initial Non-Compliance: ITAT Mumbai
Toll Collection Right Under NHAI Concession Is Depreciable Intangible Asset: ITAT Mumbai
Section 68 Share Premium Additions Deleted on Verified Investor Evidence: ITAT Mumbai
AO Cannot Treat 70% of Cash Redeposit as Unexplained Without Evidentiary Basis: ITAT Mumbai
Section 201 Order on Non-Existent Amalgamated Company Quashed: ITAT Bangalore
Old Completion Certificate, Reworked Unit: No Notional Rent on Unfinished Stock
Return Filed Only After Section 148 Notice Does Not Make Section 270A Penalty Automatic: ITAT Mumbai
Reopening Challenge Requires Reasoned Decision; ₹2.94 Crore Addition Remanded: ITAT Mumbai
Cash Withdrawn Before Demonetisation Cannot Be Treated as Unexplained on Mere Suspicion: ITAT Mumbai
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.
