Income Tax
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Difference Between Projected & Actual Revenue Cannot Invalidate DCF Valuation: ITAT Delhi
ITAT Denies Section 54B Exemption for Failure to Prove Actual Agricultural Use
ITAT Mumbai Quashes Reassessment as Section 148 Notice Was Issued Beyond Surviving Limitation Period
AP HC Upholds Income Tax Summons After Finding No Proof of Mala Fide Action
ITAT Allows Depreciation on Goodwill as Amalgamation Created Eligible Commercial Rights
ITAT Allows Depreciation on Goodwill as Finance Act 2021 Amendment Is Prospective
No TCS on Illegal Mining Compounding Fees Under Section 206C(1C): SC
TCS Cannot Be Collected on Illegal Mining Compounding Fees: Chhattisgarh HC
ITAT Deletes Section 35(2AB) Disallowance as AO Cannot Override DSIR Approval
Land Acquisition Compensation Cannot Be Subjected to TDS as It Arises From Compulsory Acquisition
ITAT Delhi Quashes Reassessment as Reopening Was Based Only on Audit Objection
Delhi HC Declines to Entertain Writ Due to Lack of Territorial Jurisdiction in DSIR Tax Benefit Dispute
Calcutta HC Denies Section 12AB Exemption as Microfinance Activities Had Commercial Elements
Commonly observed AIS mismatches that can Trigger Income Tax Notice
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.
