Income Tax
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Mumbai ITAT: LTCG Exemption on Greencrest Shares Allowed; Investigation Report Alone Insufficient
Exempt Dividend Cannot Be Taxed Due to Wrong ITR Schedule Reporting: Mumbai ITAT
Mere Same-Year Loan Repayment Does Not Establish Genuineness: ITAT Mumbai
Delhi ITAT: U/s 12AB & 80G Rejection Set Aside for Failure to Examine Objects and Genuineness
No Section 271B Penalty if Tax Audit Delay Was Due to Court-Monitored Management Disputes: ITAT Delhi
Delhi ITAT: No Re-Characterisation of Charitable Status Without Change in Objects
ITAT Deletes Section 69A Addition as Genuine Loan Cannot Become Income Due to Non-Repayment
No PE in India for Honda Trading Asia; TP Adjustments Infructuous: ITAT Delhi
Section 12AB Registration Cannot Be Denied Over Loans to Related Parties: Delhi ITAT
Delhi HC Quashes Section 270A Penalty After ITAT Sets Aside Assessment Order
ITAT Deletes NCDEX Margin Charges, Interest Disallowance Made on Estimated Basis
Grey Market Purchases Attract Only Profit Addition, Not Full Disallowance: ITAT Chandigarh
Gold Bullion Addition Sustained as Assessee Explained Jewellery, Not Gold Bars: Delhi HC
Appraisal Report Alone Insufficient for Section 69 On-Money Addition: Ahmedabad ITAT
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.
