Income Tax
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Bank Account Attachment Quashed Because Tax Liability of Company Cannot Be Imposed on Director’s Wife
SC Dismisses Plea Against Income Tax Prosecution as Pending Appeals Do Not Bar Criminal Action
Delhi HC reduces TDS Rate to 2% as 15% Withholding Certificate Lacked Proper Reasoning
Faceless Assessment Quashed for Denial of Personal Hearing Despite Written Request
Tribunal Cannot Direct 12AB Registration as Genuineness of Trust Activities Was Not Verified: Delhi HC
Disallowance of Insurance Expenses Set Aside Because IRDA Limits Do Not Automatically Bar Tax Deduction
Subscription Fee for Database Access Not Royalty as No Copyright Rights Were Transferred: ITAT Delhi
Lookout Circular Set Aside Because Income Tax Proceedings Had Concluded and No Demand Was Pending
Draft Income Tax Rule 240 – Due diligence requirement
Draft Income Tax Rule 239 – Information to be maintained and reported
Draft Income Tax Rule 238 – Definitions for the purpose of rules 239 and 240
Draft Income Tax Rules 236 and 237- Statement by Film Producers or Persons in Specified Activities; Statement of Financial Transactions
Draft Income Tax Rules 234 and 235 – Annual Statement by Non-Residents with Liaison Office in India; Information/ Documents under Section 506
ITAT Mumbai Quashes Assessment Because Notice Was Issued by Non-Jurisdictional Officer
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.
