Income Tax
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Horizontal and Vertical Equity in Taxation: Can Modern Income Tax Balance Both?
Draft Income Tax Rule 17 and 18 – Salary Income under Section 17(1)(c)(ii) and Medical Benefit Perquisite Exemption
Draft Income Tax Rule 16 – Annual accretion referred to in section 17(1)(i) of the Act
Draft Income Tax Rule 15 – Valuation of perquisites
TPO Order Quashed as Failure to Share Comparable Agreements Violated Natural Justice: Delhi HC
Draft Income Tax Rule 13 and 14 – Threshold for Significant Economic Presence and Method for Determining Expenditure Relating to Exempt Income
Section 50C Inapplicable Where Property Rights Relinquished Earlier by Registered Agreement
Draft Income Tax Rule 12 – Determination of income attributable to assets in India
Delhi High Court Grants Exemption Despite Incorrect Income Head in Return
Scholarship Paid in India Not Violation of Section 11(1)(c), ITAT Sets Aside 12AB Rejection
Assessment Quashed as ITO Lacked Pecuniary Jurisdiction Under CBDT Instruction: ITAT Mumbai
Draft Income Tax Rule 11 – Fair market value of assets in certain cases
Conversion of Share Warrants Not a Taxable Transfer Due to Absence of Consideration: ITAT Mumbai
Draft Income Tax Rule 10 – Definition of terms for rule 11 and rule 12
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.
