Income Tax
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ITAT upheld additional depreciation on new tanks used for storage of raw materials and finished goods
APA Refund Reduces Taxable Royalty, No PE in India: Bombay HC
Old vs New Tax Regime: Complete Comparison of Deductions & Tax Benefits
ITAT Chennai Dismisses Appeal as Reassessment Made No Fresh Additions
ITAT Delhi Set Aside Transfer Pricing Addition as Selected Comparables Were Functionally Different
CSR Donations Qualify for Section 80G Deduction: ITAT Delhi
Nil LTCG Tax or Higher Demand? Section 112 Utility Computation Sparks Legal Debate
ITAT Grants TDS Credit Despite Employer’s Failure to Deposit Tax with Government
ITAT Deletes Section 270A Penalty as Estimated Addition Cannot Justify Penalty
ITAT Deletes Bogus Purchase Addition as AO Failed to Disprove Documentary Evidence
FAQs on Prosecution provision under Income Tax Act, 1961
CCDs Are Debt Until Conversion, ITAT allows Interest Deduction Despite RBI FDI Classification
Medical Reimbursement Up to ₹15,000 Not Subject to FBT: Madras HC
Revenue Appeal Rejected as Section 80IB Deduction Made Additions Revenue Neutral: Gujarat 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.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
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.
