Income Tax
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Sec 44AD: Cash Deposits Within Turnover Not Unexplained; ITAT Deletes Additions Based Only on Survey Statement

Depreciation disallowed as creation of goodwill in intra-group merger was colourable transaction

Draft Income Tax Rules 276 and 277 – Reporting by Eligible Investment Funds under Section 9(12) and Taxable Interest on Excess PF Contributions

Draft Income Tax Rule 275 – Approval of the investment fund at its option for the purposes of section 9(12)

Reassessment Notice to Deceased Person Invalid Because Law Requires Notice to Legal Heirs

ITAT Remands Case Because CIT(A) Ignored Additional Evidence Filed by Assessee

Draft Income Tax Rule 274 – Guidelines for investment fund for availing benefit under section 9(12) read with Schedule I

Draft Income Tax Rule 273 – Deduction in respect of expenditure on acquisition of distribution rights of feature films

Draft Income Tax Rule 272 – Deduction in respect of expenditure on production of feature films

Draft Income Tax Rule 271 – Income from manufacture of rubber, coffee and tea

Section 80G Deduction on CSR Donation Allowed Because Explanation to Section 37 Does Not Apply

Draft Income Tax Rules 269 and 270: Procedure for Interest under Section 533(2)(u) and Mixed Agricultural-Business Income

Draft Income Tax Rules 266 to 268: Rules on No Inquiry Officer Procedure, Change of Inquiry Officer and Authority Powers

Draft Income Tax Rules 262 to 265: Charge-Sheet, Inquiry Officer Proceedings and Prescribed Authority Order
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.
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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.

