Income Tax
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No Notional Rent on Stock-in-Trade of Unsold Commercial Units: ITAT Delhi
Supreme Court Drew Tax-Fee Line Due to Quid Pro Quo
TDS on Residential Rent paid by companies : 2% vs 10% rule
ITAT Upholds Section 154 Rectification as Payments from Accumulated Funds to Registered Trusts Escaped Assessment
Mumbai ITAT Rejects Excess PE Attribution: Revenue Sharing with UK Office Upheld in Cross-Border M&A Deals
Mumbai ITAT Reiterates: Surplus from Members’ Contributions Not Taxable Under Doctrine of Mutuality
Suspicion Cannot Replace Evidence When Property Investment Is Fully Explained: ITAT Mumbai
Mumbai ITAT Deletes Entire Bogus Purchase Addition: General Hawala Statements Cannot Override Site-Level Evidence
No addition regarding commission income earned by PSPL as it was not an undisclosed income
Section 127 & 263 Orders Quashed as Assessee Was Denied Fair Hearing During COVID
Kerala HC Condones 676-Day ITAT Appeal Delay Due to Auditor Lapse
ITAT Allows Indexation on Construction Cost as Sale Deed Already Contained Building Details
ITAT Deletes Bogus Purchase Addition as Cross-Examination Was Not Granted
Employee Cannot Be Punished for Employer’s TDS Default: Bangalore ITAT
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.
