Income Tax
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Hyderabad ITAT: Section 80P Deduction Allowed After Delay Condoned u/s 119(2)(b)
Jodhpur ITAT: Penny Stock LTCG Cannot Be Treated as Bogus Without Linking Evidence
Master File & Country-by-Country Report (CbCR): Forms 56, 57, 58, 59 & 60
Safe Harbour Application – Form 49 (Replaces Forms 3CEFA, 3CEFB & 3CEFC)
Bombay HC: Bogus Purchases Alone Cannot Trigger Section 69C; ₹104.99 Crore Addition Deleted
ITAT Delhi: Foreign Life Policy Not Undisclosed Asset; Maturity Proceeds Exempt
Hyderabad ITAT: Only 16% of ₹40.93 Crore On-Money Receipts Taxable
ITAT Remands ₹2.15 Crore On-Money Addition Pending Developer’s Appeal Findings
Hyderabad ITAT: ₹2.55 Crore “On-Money” Additions Deleted for Lack of Corroboration
Hyderabad ITAT: Full 10(10B) Exemption for BSNL VRS-2019; 1,811-Day Delay Condoned
SC: AWS Cloud Receipts Not Royalty or FTS/FIS
SC Declines Interference With Penalty Deletion Over Ambiguous Section 271(1)(c) Notice
Bombay HC: Ambiguous Section 271(1)(c) Notice Invalidates Penalty
Lucknow ITAT: Sales Spike Alone Cannot Tax Demonetisation Cash as Unexplained
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.
