Income Tax
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Sales Tax Remission Is Capital Receipt as It Promoted Industrial Expansion: Calcutta HC
ITAT Allows Leave Encashment Deduction as Payment to Insurer Was Actual Business Expenditure
Reassessment Quashed as Proceedings Initiated After 17 Years Were Time-Barred: Orissa HC
Section 80-IA Deduction Reopening Set Aside as Enterprise Was Incorrectly Identified
SC Refuses Hearing on Creamy Layer for North-East ST Income-Tax Exemptions
Non-Disclosure of Tally Data and Forensic Report Violates Natural Justice: ITAT Kolkata
Bombay HC Quashes Reassessment Notices as Sanction Was Obtained Under Wrong Provision
Startups Can Claim Section 80-IAC Deduction from First Year of DPIIT Recognition: ITAT Pune
Eight-Year Delay in Filing Appeal Not Condoned as Assessee Had Prior Knowledge of Demand: Karnataka HC
Appellate Kill Shot to Reassessment Notices Under Section 148/148A
ITAT Directs AO to Follow APA as Royalty Transaction Became Covered Under New Agreement
ITAT Remands TP Adjustment as AE Transaction ALP Was Computed Using Incorrect Entity-Level Method
Every Foreign Asset Is Not a Black Asset: Lessons from Two Recent Tribunal Rulings
Periodic dredging to maintain existing jetty was revenue expense, not capital outlay: ITAT granted ₹4.49 Crore Relief
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.
