Income Tax
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‘Make Available’ Test Not Met, No TDS on US Software Contractor Payments: ITAT Bangalore
Section 54 Exemption Available for Every House Sold: Bengaluru ITAT
Books Can’t Be Rejected Solely for Non-Audit; 8% Profit Estimate Quashed
Section 14A Disallowance Cannot Exceed Exempt Income: Bombay HC
Apartment Owners’ Association Not Taxable at Maximum Marginal Rate: ITAT Bangalore
ITAT Bangalore Allowed Section 80P Deduction on Interest from Scheduled & Co-op Banks
Payment to Trustees Alone Doesn’t Violate Section 13(1)(c): ITAT Bangalore
BSNL VRS Employee Gets Full Exemption Despite 1,577-Day Delay: ITAT Bangalore
Delay in Filing Form 67 Alone Cannot Defeat Foreign Tax Credit Claim: Bengaluru ITAT
AO Must Verify & Grant TDS Credit Instead of Denying It: Bengaluru ITAT
Mere Non-Deposit in Capital Gains Account Scheme Not Fatal to Section 54F Claim
ITAT Finds Cash-in-Car Explanation Incredible, Upholds ₹23 Lakh Addition
Reasoned justice prevails: ITAT Mumbai sets aside CIT(A)‘s Non Speaking Order
Delayed Form 10B Filing Not a Ground to Reject Section 11 Exemption: ITAT Jaipur
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.
