Income Tax
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Offshore Supply Non-Taxable as No PE Was Proven in India: ITAT Delhi
ITAT Chennai Limits Bogus Purchase Addition to 10% Profit, Upheld 153C Satisfaction
₹3.49 Cr Addition Deleted as Demonetisation Cash Deposits Matched Recorded Sales
Revenue Records Alone Cannot Prove Agricultural Land if no Agri Use: ITAT Bangalore
Tax Slab Benefit Allowed Because Trust Not Liable for Maximum Marginal Rate
ITAT Rejects Revision Since Issue Was Debatable and AO’s View Was Plausible
Reassessment Quashed Due to Unsigned 143(2) Notice: Mandatory Signature Requirement Ignored
Routine Business Cash Deposits Not Taxable Despite No ITR
Section 56(2)(vii)(b) Addition Overturned for Earlier Property Booking
Revenue’s Section 68 Challenge Rejected on Evidence and Repayment
Advance Loss Treated as Trading Loss: ITAT Allows ₹1.5 Cr Write-Off
Finance Broker Taxed Only on Brokerage as No Evidence of Income Found
Section 68 Addition Quashed for Violating Principles of Natural Justice
Unexplained Cash Credit Addition Deleted Due to Complete Loan 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.
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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.
