Income Tax
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Greater Ludhiana Development Authority Gets Tax Exemption
TDS in 26AS: AO directed to allow credit after verification
Vague Section 271(1)(c) Penalty Notices Invalid: Bombay HC
Section 271(1)(c) Penalty Invalid Without Specific Grounds in SCN: Calcutta HC
Reassessment u/s. 148 quashed as merely based on change of opinion: Madras HC
Cash deposits recorded in books of accounts cannot be treated as unexplained money u/s. 69A
Deduction claimed u/s. 80G towards CSR expenditure is allowed
Salaried Employees – Be Aware of Income Tax Refund Magicians
Karnataka HC Allows Section 263, Distinguishes Plausible View Doctrine
CBDT Relaxes TDS/TCS for PAN-Aadhaar Linking
Government Reports VDA Tax Collection and Compliance
Will Consultant Be at Fault for Assisting Taxpayer in Claiming Fake Deductions?
ITAT Hyderabad Allows Foreign Tax Credit as Form 67 Filed Before AY End
Section 68 Addition Deleted for NRI Share Capital & premium via Banks: ITAT Delhi
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.
