Income Tax
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No Section 56(2)(viib) Addition if Share Premium Difference Fell Within 10% Safe Harbour: ITAT Delhi
ITAT Quashes Assessment as Section 143(2) Notice Was Issued by Non-Jurisdictional AO
No Section 69A Addition for Cash Deposits Explained by Disclosed Instrument Charges
AMP Expenditure Allowed as No Reimbursement Was Proved: ITAT Delhi
Kerala HC Sets Aside ITAT Order as It Proceeded on Erroneous Assumption
Kerala HC Directs ITO to Reconsider Section 80P Claim as Delay in Filing Return Was Condoned
Section 271D Penalty Challenge Relegated to Statutory Remedy as Facts Were Disputed
Section 50C Cannot Deny Indexed Cost of Improvement Claim: ITAT Hyderabad
ITAT v Adopts CBDT-Approved APA Rate for Royalty and FTS ALP
ITAT Quashes Section 270A Penalty as POEM-Based Tax Position Was Debatable
ESOP Buyback in Unlisted Companies: Two-Tax Problem Employees Aren’t Prepared For
Sales Tax Subsidy Linked to Capital Investment is Capital Receipt: ITAT Mumbai
Section 263 Revision Invalid as AO Had Already Examined Key Issues: ITAT Visakhapatnam
Section 80P Deduction Denied as Valid Return Was Not Filed Under Section 139
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.
