Income Tax
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Delhi ITAT Quashes Assessment Over Invalid Section 143(2) Notice
Section 68 Addition Deleted on Genuine Penny Stock Transaction
ITAT Upholds Tax on Notional Rent of Unsold Flats Held as Stock-in-Trade
ITAT Deletes Section 271D Penalty on Principle of Parity
ITAT Delhi Allows Foreign Tax Credit on Overseas Legal Fees
AO Failed to Specify Charge in Section 271(1)(c) Notice Penalty: Delhi ITAT
Delhi ITAT Quashes Reassessment for Ignoring Search Reopening Procedure
ITAT Upholds MakeMyTrip’s Website Depreciation, AMP & Reimbursement Claims
BSNL VRS Compensation Is Retrenchment Compensation Exempt U/s. 10(10B): Pune ITAT
Goodwill Amortisation Not an Operating Expense Under TNMM: ITAT Delhi
Reassessment Held Invalid for Non-Issuance of Section 143(2) Notice: ITAT Pune
Section 10(14)(i): The Tax Refund Secret for Salaried Individuals
Delhi ITAT Deletes Section 201 Interest Where Tax Paid & Form 26A Filed
No Section 56 Tax on Agricultural Land Without Capital Asset Status: ITAT Delhi
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.
