Income Tax
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Section 43CA Inapplicable to Pre-2013 Allotment Agreements and 5% Value Difference: ITAT Mumbai
No-Risk Status & Working Capital Adjustment Allowed in TP Analysis: ITAT Delhi
Interest on Borrowed Funds Deductible U/s. 48 Before FA 2023 Amendment: ITAT Mumbai
Interest on Borrowed Funds Allowed U/s. 48 Before AY 2024-25: ITAT Kolkata
Interest on Borrowed Funds Forms Part of Cost of Acquisition: ITAT Delhi
BSNL VRS Compensation Qualifies for Section 10(10B) Exemption as Retrenchment Compensation: ITAT Pune
BSNL VRS Compensation Exempt U/s.10(10B) as Retrenchment Compensation: ITAT Pune
Section 80JJAA Deduction Cannot Be Denied for Delayed Form 10DA Verification: ITAT Jaipur
Interest on Borrowings to Retain Business Control Allowable U/s 36(1)(iii): Delhi HC
CBDT Notifies NCCL Core Settlement Guarantee Fund Under Section 11
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.
