Income Tax
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Section 54B Deduction Denied as Agricultural Land Purchased in Wife’s Name
No Fresh Section 143(2) Needed After Jurisdiction Transfer by Valid Original AO
Dormant partner in absence of any material cannot be made vicariously liable for benami transaction
AIS vs Form 26AS – Mismatch Issues, Tax Notices & How to Fix Them
Section 11 exemption granted as surplus from vocational training used only for educational purpose
Disallowance of Goodwill Depreciation Set Aside Due to Wrong Legal Test
Section 271(1)(c) Penalty Fails When AO Accepts Reopened Return
10% Expense Addition Set Aside for Absence of Evidence-Based Findings
Inspector’s Report Cannot Be Used Behind Assessee’s Back: ITAT Delhi
Section 68 Inapplicable to Identified Donations to Charitable Trust
Section 194T (10% TDS) causing cash-flow blockage for MSMEs
Section 68 Cannot Be Invoked Merely for Non-Appearance of Share Subscribers on Presumptions
Section 40A(3) Disallowance for Cash Freight Payments Within ₹35,000 Quashed; WhatsApp Chats Insufficient
Assessment Quashed for Ignoring DRP Objections- HC directs CBDT to Plug Procedural Gaps in DRP Process
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.
