Income Tax
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Cash Gifts From Relatives Not Taxable; Section 68 Addition Quashed by ITAT Kolkata
ITAT Rajkot Set Aside Trust Registration Rejection for Lack of Proper Hearing
Interest on Enhanced Land Compensation Taxable as Income in Year of Receipt
Madras HC Dismissed Income Tax Appeals Due to Invalid DRP Directions Lacking DIN
153C Time-Barred: ITAT Kolkata Quashes Notice Based on Seized Digital Material
ITAT Delhi Deletes Share Capital & 56(2)(viib) Additions: DCF Valuation Upheld
Section 69A Addition on Seized Cash Notings Quashed: Tea Estate Receipts Not Taxable in Director’s Hands
Penalty Deleted Where Income Already Disclosed & Additions Lead to Double Taxation
Section 43B Satisfied When Gratuity Liability Is Genuinely Discharged: ITAT Delhi
DRP Final Orders Quashed as Time-Barred Under Sections 144C & 153
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.
