Income Tax
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Anonymous Donation Addition Remanded for Donor Verification: ITAT Bangalore
BSNL VRS: A Return Filed on Employer’s Tax Treatment Does Not End Exemption Claim
Section 271AAB Penalty Quashed for Failure to Specify Applicable Limb: ITAT Hyderabad
Ambiguous Section 271AAB Penalty Notice Invalid: ITAT Visakhapatnam
Vague Section 271AAB Penalty Notice Invalid: Madras High Court
Excess Stock Surrender Taxable as Business Income at Normal Rate: ITAT Chandigarh
Section 11 Denial Cannot Make Entire Trust Receipts Taxable: ITAT Bangalore
ITAT Mumbai Allows Proportionate Section 80-IB(10) Deduction Despite one Incomplete Building
Bogus Purchase Addition Cut from 12.5% to 5%: Mumbai ITAT Follows Trader’s Own Earlier Year
Business Correspondent Bank Credits Not Unexplained Money: ITAT Mumbai
Additions Beyond Limited Scrutiny Scope Without Conversion Deleted: ITAT Delhi
Additional Evidence Admitted; House Property Issues Remanded: ITAT Mumbai
Section 36(1)(iii) Addition Beyond Limited Scrutiny Scope Deleted: ITAT Delhi
Acquired Goodwill as Balancing Figure Eligible for Depreciation: ITAT Mumbai
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.
