Income Tax
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Section 194Q Disallowance Deleted as Transmission Charges Outside Purchase of Goods: ITAT Delhi
ITAT Kolkata Upholds Relief on TP, Royalty, Lease Rent, Warranty; Remands Section 43B Issue
SC Clarifies ITR Basis for Computing Motor Accident Compensation
NFAC Reassessment Before Section 151A Notification Quashed: ITAT Kolkata
Section 80PA Deduction Disallowance Remanded for Fresh Adjudication: ITAT Pune
Section 143(1) Assessment Challenge Upheld as No Interference Warranted Under Section 153C: Delhi HC
Section 12AB Registration Rejection Set Aside for Rectification Opportunity: ITAT Mumbai
ESOP Discount Deduction Upheld Following Biocon Ruling: Bombay HC
Section 37(1) ESOP Discount Deduction Allowed as Business Expenditure: Delhi HC
Section 148 Reassessment Quashed for Invalid Section 151 Sanction: ITAT Mumbai
Section 36(1)(iii) Interest Disallowance Deleted on Loan to Wholly Owned Subsidiary: ITAT Delhi
Section 10(23C)(iiiad) Benefit Allowed as Turnover Fell Below ₹1 Crore: ITAT Amritsar
Section 36(1)(iii) Interest Deduction Allowed as Issue Covered by Earlier Ruling: Madras HC
CIT(A) Cannot Dismiss Appeal for Non-Prosecution, Matter Restored: Bombay HC
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.
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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.
