Income Tax
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Reopening u/s 147 Invalid as AO Acted Solely on Investigation Wing’s Info: ITAT Amritsar
Mesne Profit is capital receipt hence not taxable: ITAT Mumbai
Capital gain on sale of equity-oriented mutual fund not taxable under India-Mauritius DTAA
Denial of Foreign Tax Credit merely due to delay in filing Form 67 not justifiable
Bogus LTCG addition quashed as sale transaction of shares cannot be doubted
Requirement of pre-deposit set aside on account of high-pitched IT demands
TDS Credit Issue: ITAT Sends Matter Back to CIT(A) for Fresh Adjudication
Capital Introduced from Family Concern: ITAT Quashes Sec 263 Order for Lack of PCIT’s Enquiry Findings
Pre-Operative Expenses for Business Expansion Allowable as Revenue: ITAT Delhi
Benami Act: Special Courts in Raipur, Jaipur Updated
CBDT Notifies NOIDA Authority for Income Tax Exemption
Section 270A Penalty Order Set Aside for Lack of Opportunity: ITAT Lucknow
ITAT Mumbai Rules on Taxation of Unsold Property for Sabarmati Capital One
Natural Justice denial: ITAT Orders Fresh Assessment in Petrol Pump Case
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.
