Income Tax
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₹1 Crore Commission Addition Rejected for Mere Suspicion
Carry-Forward of Losses Allowed Because IBC Resolution Doesn’t Extinguish Tax Rights
Assessment Quashed for Ignoring Binding DRP Directions
Estimated Income Reduced Because Declared Profit Was Ignored
Share Capital Addition u/s 68 Fails in Pre-2013 Years: Kolkata ITAT Deletes ₹4.28 Cr
Reassessment Quashed Because Notices Were Issued to a Dead Person
Addition Restored for Violating Rule 46A Procedure
Inbar Holding RSC Limited Get Income Tax Exemption for Indian Investments Till 2030
Cash Addition Quashed for Wrong Section: 153C, Not 153A, Applicable
Reassessment Quashed for Breach of Proviso to Section 147
PF–ESI Disallowance Sustained Because Checkmate Services Applies Retrospectively
Section 36(1)(viii) Deduction Allowed for Renewable Energy Financing Business
ITAT Mumbai Rejected Section 50C Due to Flawed Valuation of Tenanted Property
Entire Purchase Addition Quashed for Exceeding Appellate Jurisdiction
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.
