Income Tax
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ESOP Discount Allowed as Revenue Expense: ITAT rejects Notional Loss Claim
Addition on FD Interest Remanded as Authorities Failed to Examine Mutuality Principle
ITAT Remands Case as 12A and 80G Registration Denied Without Fair Opportunity
ITAT Rajkot: Hybrid Seed Company’s Income Held as Agricultural
Cost-to-Cost Reimbursements allowed Due to Adequate Evidence, But Ad Expenses Disallowed for Lack of Proof
ITAT Allowed TDS Credit Despite Form 26AS Mismatch as Income Taxed in Same Year
ITAT Rajkot: Mechanical Approval Invalid – Reopening U/s 148 Quashed
ITAT Ahmedabad: No Penalty for Mere Wrong Claim – U/s 271(1)(c) Deleted
ITAT Mumbai: Section 68 Addition Deleted – Mere Suspicion & Third-Party Info Not Enough
ITAT Delhi: No Proper Service of U/s 148 Notice – Entire Reassessment Quashed
Government Cannot Claim Special Treatment for Condonation of Income Tax Appeal Delay
Abandoned Business Project Expenses Allowed as Deduction Due to Business Purpose
Section 54B Deduction Allowed Even If Farming Done Through Villagers: ITAT Hyderabad
CPC Section 143(1) Adjustment Invalid if done without Prior Intimation: ITAT Delhi
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.
