Income Tax
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Consultancy Fees Held Not Taxable Due to Failure of “Make Available” Test
Reassessment Quashed for Invalid Sanction Under Section 151(ii)
Vague Income Tax Department’s New E-Intimations: Information or Intimidation?
Ignorance of Tax Law Not a Ground for Condonation Belated Return: Delhi HC
TDS u/s 195 on Sponsorship & Trademark Rights – Indo-Singapore DTAA
Crossing Borders, Tax Lines: Residential Status under India’s Income-tax Framework
Advance for Flat or Accommodation Loan? ITAT Remands Section 68 Addition
Digital Access by Tax Authorities: Reason to Believe & Privacy Risks
Section 14A Disallowance Not Addable to MAT Book Profits: Analysis by ITAT
Addition Deleted Because Suspicion Cannot Substitute Proof in Penny-Stock Cases: ITAT Mumbai
Cash Deposit Deletion Without Source Check Fails, Matter Remanded
Clerical Error in Accounts Triggers Fresh Probe of Cash Deposit
Payer’s Expense Accepted, Payee Can’t Be Taxed Under Section 68
Reassessment Quashed for Relying on Wrong Person’s Transactions
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.
