Income Tax
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Section 43CA Inapplicable to AY 2013-14; Reopening Quashed: Bombay HC
Section 153C Proceedings Require Year-Specific Incriminating Material: Madras HC
Sections 271D/271E Penalty Deleted as Transaction Was Not Loan or Deposit: ITAT Jaipur
Section 250(6) Mandates Speaking Appellate Orders After Adequate Hearing: ITAT Jaipur
Section 250(6) Requires Reasoned Appellate Order After Effective Hearing: ITAT Jaipur
Unreasoned Assessment Order Justifies Section 263 Revision: Delhi HC
SC Upholds Section 263 Revision Due to Unreasoned Assessment Order
Recovery Stayed in High-Pitched Assessment Pending Section 220(6) Appeal: Calcutta HC
Section 43CA Inapplicable to Pre-2013 Allotment Agreements and 5% Value Difference: ITAT Mumbai
No-Risk Status & Working Capital Adjustment Allowed in TP Analysis: ITAT Delhi
Interest on Borrowed Funds Deductible U/s. 48 Before FA 2023 Amendment: ITAT Mumbai
Interest on Borrowed Funds Allowed U/s. 48 Before AY 2024-25: ITAT Kolkata
Interest on Borrowed Funds Forms Part of Cost of Acquisition: ITAT Delhi
BSNL VRS Compensation Qualifies for Section 10(10B) Exemption as Retrenchment Compensation: ITAT Pune
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.
