Income Tax
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Crypto Loan Interest = Cost of Acquisition; Deduction Allowed Despite Section 115BBH
143(1) Adjustment Without Prior Intimation Invalid; CPC Action Quashed
Golden Harvest Scheme Discount ≠ Interest; No TDS U/s 194A, 201 Default Quashed
Commission Agent Theory Accepted; Entire Bank Credits Not Taxable U/s 68
Repayment of Own Deposit ≠ Deemed Dividend; 2(22)(e) Not Attracted
Capital Account Credit From Partnership Firm Write-Back Not Taxable as Cash Credit: ITAT Mumbai
ITAT Kolkata Limited Section 14A Disallowance to Investments Yielding Exempt Income
Section 249(4)(b) Dismissal Reversed; One Opportunity to Explain Advance-Tax Liability
Bombay HC Quashed Assessment for Denial of Video Hearing Under Faceless Scheme
ITAT Indore Allowed Section 80JJAA Deduction Despite Delay in Form 10DA Filing
ITAT Pune Orders Verification Where Taxpayer Disputes Own ITR Disclosure
Third-Party DD Payment Explains Investment; U/s 69 Addition Deleted
Delay in Filing Form 10AB Can Be Condoned After Finance Act 2024 Amendment
Scrutiny Valid Despite Section 12A Rejection; Merits Restored Pending Registration Outcome
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.
