Income Tax
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Section 271(1)(c) Penalty Deleted for Revenue-Neutral Loss Claim
Interest on Land Acquisition Compensation Taxable as Capital Receipt
Aggregated Cash Payments Cannot Trigger Section 40A(3) Disallowance
Interest-Free Loan Transfer Pricing Adjustment Invalid Without Any Profits
Recorded Sales During Demonetisation Cannot Be Taxed as Unexplained Money: ITAT Hyderabad
Section 80P Claim Sent Back as Return Delay May Be Condoned
Survey-Based Additions Set Aside Due to Lack of Effective Hearing
Section 68 Addition Quashed for Exceeding Limited Scrutiny Scope: ITAT Mumbai
Section 263 Quashed as AO Examined LTCG Exemption for Insurers
Gold Jewellery Seized u/s 132A Held Explained – Addition u/s 69 r.w.s. 115BBE Deleted
ITAT Mumbai Quashed Section 263 revision as AO Took Plausible View on Deductions
No GST on Dermatological or Skin Clinic Treatment: AAR Kerala
Employee Welfare Trust Not Liable to Highest Surcharge Rate: ITAT Mumbai
Reimbursement Transactions Remanded for De Novo TP Examination
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.
