Income Tax
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Madras HC Quashes Non-Speaking Order Rejecting Stay Under Section 220(6)
HC Upholds Section 153C Notices as Satisfaction Was Recorded Before Completing Search Assessment
Gujarat HC Upholds Section 153C Notices as Seized Gold Related to Assessee
Delay Cannot Defeat Genuine TDS Refund Claim: Gujarat HC
Gujarat HC Condones Delay in Form 10B Filing Due to CA’s Illness
Bombay HC Quashes Final Assessment for Failure to Issue Draft Order Under Section 144C
ITAT Bangalore Remands Section 69A Addition for Verification of Liquor Business Receipts
Stockist/Dealer Discounts Are Not Commission Under Section 194H: ITAT Mumbai
Trade Discounts to Dealers Not Liable for TDS Under Section 194H: ITAT Mumbai
Overseas and Domestic Comparables Can Be Used Under CUP: ITAT Mumbai
Bombay HC Upholds Deletion of Section 68 Addition as Creditworthiness Was Established
ITAT Chennai Excludes Goodwill Amortization from Operating Cost in TP Case
Mumbai ITAT: Builder’s Statement Alone Cannot Justify On-Money Addition
Chennai ITAT: Loose Diary Entries Cannot Justify Additions Without Corroboration
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.
