Income Tax
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Entire Bogus Turnover Cannot Be Taxed as Income, Only 1% Commission Taxable: ITAT Mumbai
ITAT Remands Cash Deposit Addition as Assessee Failed to Prove Business Activity
Interest From Co-Op Banks Eligible for Section 80P Deduction Because Banks Are Also Co-Op Societies: ITAT Ahmedabad
Delhi HC Quashes Assessment Order as Reply Filed by Assessee Was Not Considered
Section 68 Not Applicable to Repayment of Loans Given in Earlier Year: ITAT Delhi
Pre-Resolution Income Tax Claims Extinguished Under Approved NCLT Plan: ITAT Chennai
Reassessment Quashed Because Property Was Purchased From Different Entity Than Alleged
No Capital Gains Tax Without Registered Agreement & Actual Transfer of Rights: Madras HC
Section 14A Disallowance Cannot Automatically Increase MAT Book Profits: ITAT Mumbai
ITAT Deletes Addition Because Gratuity Payments Exceeded Interest Income
Declared Commission Income Cannot Be Ignored While Examining Cash Deposits: ITAT Agra
ITAT Quashes Section 148 Notice as Reassessment Was Initiated Beyond Six-Year Limitation
CBDT Circular Cannot Be Used to Mandate 20% Deposit in Every Stay Application: Delhi HC
ITAT Allows Telescoping as Income Already Declared Cannot Be Taxed Again as Commission
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.
