Income Tax
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Share Value Difference on Exchange for NPO Interest Not Taxable as Perquisite
ITAT Sets Aside Order, Remands ₹7.28 Crore Additions for Fresh AO Review
ITAT Allows Charity Exemption Despite Late Form Filings
ITAT Restores Trust’s Registration Case as CIT(E) Failed to Examine Genuineness of Activities
Section 263 Revision Unjustified Without Material Evidence: Kerala HC
ITAT Reduces Vadilal Section 14A Disallowance to Rs. 30,000
ITAT Delhi Reduces Ad Hoc Disallowance from 10% to 4%
ITAT Restores Case on ₹52 Lakh Capital Loss for Fresh Decision
ITAT Quashes Reassessment Notices Over Improper Sanction Post-Finance Act, 2021
ITAT Quashes Procedural Rejection of Trust’s Tax Exemption Applications
Cash Deposits During Demonetization from Salary, Not Undisclosed Income
ITAT Allows Telescoping of ₹1.25 Cr Marriage Expense
Madras HC Invalidates Reassessment Without Mandatory Section 143(2) Notice
ITAT Denies Section 54F Exemption for Mother’s Property
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.
