Income Tax
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6% Interest Payable on Delayed Vivad Se Vishwas Refund: Bombay HC
Section 69A Demonetisation Cash Addition Restored for Verification: ITAT Mumbai
0.25% Commission Rate Reasonable on Unexplained Bank Deposits: ITAT Ahmedabad
Management Fee TP Adjustment Cannot Be Made Without Justifying CUP Over TNMM: ITAT Mumbai
Rule 8D 1% Amendment Not Retrospective; Section 10(38) Loss Carry Forward Denied: ITAT Pune
Section 14A Disallowance Requires AO Satisfaction Before Applying Rule 8D: ITAT Hyderabad
Jaipur ITAT upholds section 87A rebate on short-term capital gains under new regime
Bombay High Court Quashes Reassessment for Five-Day Section 148A(b) Notice
Section 115BAA Benefit Cannot Be Denied in Subsequent Year: ITAT Chennai
Form 10-IC Filing Allowed After Portal Glitch for Section 115BAA: ITAT Indore
Section 263 Revision Valid for Partial Bogus Purchase Addition: ITAT Delhi
ITAT Must Reconsider Additional Evidence Found on Tribunal Record: Bombay HC
Bank’s Failure to Update PAN Cannot Justify Section 69A Addition: ITAT Agra
Gift from Mother-in-Law Out of Encashed FDs Cannot Be Brushed Aside on Suspicion: ITAT Agra
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.
