Income Tax
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No penalty u/s 271DA as there was no proof of section 269ST violation
Unregistered Charitable Trust Can Claim Section 57(iii) Deduction Against Gross Receipts: ITAT Mumbai
Section 56(2)(x) Applicability Depends on Agreement Date; Mistaken Tax Payment Refundable: ITAT Mumbai
APMC Commission Agent Not Taxable on Entire Sale Proceeds; Section 69A Issue Remanded: ITAT Bengaluru
Return Filed Under Correct PAN Cannot Be Ignored Due to Duplicate PAN: ITAT Bengaluru
Old Currency Deposits From Identified Members Not Section 69A Unexplained Money: ITAT Bengaluru
Anticipatory Bail to Former IAS Officer was dismissed as there was possibility of tampering evidence in corruption case
Receipt of interest by foreign banks on foreign currency loans to Indian concerns was taxable on gross basis
Meaning of Relatives Under Income Tax Act, 1961
Why Paying Taxes Matters: A Crucial Role in Nation Building
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.
