Income Tax
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ITAT Delhi Deletes SLS Disallowance as APA Covered Intra-Group Services
Single Order for Reassessment and ITAT Directions not sustainable: ITAT Mumbai
ITAT Deletes Interest Disallowance as AO Failed to Prove Diversion of Borrowed Funds
No Pre-Deposit Needed to File Income Tax Appeal Under Section 246A: Madras HC
ITAT Deletes Section 234E Fee as No Machinery Provision Existed Before 1 June 2015
SC Leave Fare Concession Ruling: ITAT Holds Bank Liable for TDS Default
SC Upholds HC Ruling as Subsequent SC Judgment Cannot Justify ITAT Rectification
ITAT Deletes LTCG Addition as Mere Suspicion Cannot Replace Evidence in Penny Stock Cases
Writ Petition Dismissed as Section 53A cannot Establish Ownership for Depreciation Claim
Mechanical Additions Running Into Crores Cannot Survive Without Proper Verification: ITAT Mumbai
ITAT Reduces Profit Estimation to 4% as 8% Rate Ignored Audited Books & Past Margins
ITAT Delhi Remands Transfer Pricing Case Due to Alleged Double Addition of TP Adjustments
LTCG Exemption Denied as 3072% Returns Failed Human Test Probability
SC Upholds LTCG Addition as Extraordinary Penny Stock Gains Defied Business Logic
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.
