Income Tax
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Demerger Loss Carry Forward: Sec 72A(4) Applies; PCIT Revision Using Sec 72A(2) Conditions Invalid
Gujarat HC Restricts Bogus Purchase to 6% Following Earlier Year Ruling
ITAT Rajkot Set Aside 80G Approval Denial for Ignoring 5% Religious Spend Limit
Seized Jewellery Must Be Released After Full Tax Settlement: Gujarat HC
Reassessment Order Quashed for Granting Less Than Statutory Time to Reply
Relevant Date for MAT Loss Set-Off Is Prior Year-End, Not Assessment Year-End
Addition Deleted as Allotment Letter Treated as Agreement Under Stamp Value Rules
Unsecured Loan Addition Deleted as No Incriminating Material Found during Search
Calcutta HC Upheld Income Tax Reassessment as Earlier Order Formed No Opinion
Sub-Letting Charges to Industrial Authority Allowable against Rental Income
ITAT Cannot Deny Stay Jurisdiction Due to Absence of Demand: J&K High Court
Section 56(2)(viib) Share Premium Addition Inapplicable After Assessee Became Subsidiary of Public Company
Section 153C Assessment Quashed for Undated Satisfaction Note & Two-Year Delay
ITAT Delhi Deleted Cash Addition as On-Money Allegation Lacked Evidence
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.
