Income Tax
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Belated Form 10-IC Valid for Subsequent Years Under Section 115BAA: ITAT Hyderabad
STT-Paid Share Loss Cannot Be Carried Forward Under Section 10(38): ITAT Delhi
Interest Payable on Delayed Vivad Se Vishwas Refund: Delhi HC
Section 185 Exemption: Can an Object Clause Justify an Interest-Free Loan?
30-Day Form 10B Delay Condoned on Genuine Hardship: Bombay HC
Vivad Se Vishwas Did Not Cover Separate Reassessment Addition: ITAT Mumbai
Contractor or Developer? Bombay HC Refuses a Third Round of Fact-Finding
Interest on Income Tax Refund Cannot Be Denied Using Later Amendment: Gujarat HC
India–UAE Double Taxation: How Foreign Tax Credit Actually Works
Reassessment Based on Misread Tax Audit Report Quashed: Gujarat High Court
Bogus Purchase Addition Deleted as Sales and Books Accepted: Calcutta HC
Faceless Assessment Quashed for Ignoring Adjournment Request: Bombay HC
₹308 Cr Tax Demand Stayed as Import Addition Breached Natural Justice: Bombay HC
No Section 11 Exemption, but Can CPC Tax Every Rupee a Trust Receives?
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.
