Income Tax
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Appeal Can’t Be Dismissed for Delay When Assessment Order Itself Was Not Served: ITAT Mumbai
ITAT Hyderabad: Partial Relief in Cash Seizure Case; Mother’s Explained Sources Accepted on Probabilities
ITAT Hyderabad: Section 115BAA Benefit Cannot Be Denied on Technicalities; MAT Not Applicable Once Option Validly Exercised
Off-the-Shelf Software Not ‘Royalty’: SC Ruling Still Shapes Cross-Border Deals
Importance of 30th April for TDS on payment to Partners
Charitable Trust as Pass-Through Entity: ITAT Deletes Interest Disallowance Rejects 8% Profit Estimation
Security Deposits from Contractors Not Cash Credits: ITAT Upholds Deletion of ₹22.61 Cr Addition
Reopening Quashed – Incorrect Facts Cannot Extend Limitation Beyond 3 Years
No Incriminating Material, No Addition: Bombay HC Dismisses Revenue Appeals in Search Cases
Final Tax Order Set Aside Due to Failure to Issue Draft Assessment in International Transaction Case
No Fresh Evidence? Telangana HC Invalidates Reopening of Completed Tax Assessment
12.5% Profit on Bank Credits Excessive, Restricted to 4%: ITAT Hyderabad
ITAT Allows 80P Deduction as Interest Earned from Co-Op Banks Treated as Eligible Income
ITAT Allows Advertisement and Marketing Expenses Due to Revenue Nature Despite No Income
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.
