Income Tax
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Diary-Based ₹6.77 Crore Addition Deleted for Lack of Corroboration: Gujarat HC
Section 263 Cannot Apply to Unadjusted CPC Intimation: Karnataka HC
1679-Day Appeal Delay Condoned; Entire Trust Receipts Cannot Be Taxed Ignoring Expenditure: ITAT Pune
CBDT Amends TDS Rules for Non-Resident Immovable Property Transfers
Sponsor Publicity Does Not Convert Charitable Event Into Business: ITAT Mumbai
No Section 14A Interest Disallowance When Own Funds Exceed Investments: SC
Senior Citizen’s Explained Cash Deposits Cannot Be Treated Unexplained: ITAT Ahmedabad
AO to Reconsider Alleged Double Taxation of Keyman Proceeds: ITAT Kolkata
Rule 68B Cannot Revive Time-Barred Property Sale Proceedings: Madras HC
Non-Disclosure of Bank Interest Is Under-Reporting, Not Misreporting: ITAT Mumbai
Prepaid Tax Refund Cannot Be Denied Merely for Non-Filing of Original Return: Delhi HC
Delay in Form 10B Filing Cannot Deny Section 11 Exemption to Trust: ITAT Panaji
Section 54F Deduction Allowed on Flat Allotment Despite Delayed Sale Deed: ITAT Mumbai
Penalty Deleted as Section 271(1)(c) Notice Failed to Specify Charge: 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.
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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.
