Income Tax
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Mechanical 153D Approval Voids 153A Assessment: ITAT Raipur
Bogus Purchase: AO Cannot Disallow Expenses Solely on Third-Party Info
Borrow at 12%, Lend at 5% ITAT Kolkata Partly Upholds Interest Disallowance
Mere Suspicion not enough to cancel Trust Registration u/s 12AB(4)
No Section 271(1)(c) Penalty on Estimated Additions for Bogus Purchases
ITAT Bangalore Deletes 234E Late Fee – Levy Prior to 1.6.2015 Without Authority of Law
Kolkata Tribunal Deletes Section 68 Addition for Genuine Banked Loans
Section 68 Share Premium Addition Cannot Be Based on mere Summons Default
Form 10B Filing Error Not Fatal for Section 11 Relief: ITAT Delhi
ITAT Rules Professional Receipts Cannot Be Treated as Unexplained
Reopening Beyond 3 Years Invalid Without Pr.CCIT Sanction: ITAT Kolkata
Section 148 Notices Issued After Cut-Off Date Non-Est: ITAT Delhi
Maximum Marginal Rate Means Highest Surcharge Too – ITAT Bangalore Confirms 37% on Discretionary Trust Income
ITAT Chennai Caps Trust Surcharge on Dividends & Capital Gains at 15%
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.
