Income Tax
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ITAT Delhi Set Aside Addition for Commission Due to Lack of Enquiry
Interest on Enhanced Compensation Taxable as Other Sources Income: ITAT Delhi
ESOP Cost Allowable Business Expenditure: ITAT Deletes ₹93 Lakh Disallowance
Reopenings for AYs 2014-15 & 2015-16 Time-Barred: ITAT Quashes Section 148 Notices
Section 263 Revision Upheld for Failure to Tax Interest on Enhanced Compensation
Political Donation Disallowance Set Aside for Borrowed Satisfaction & Natural Justice Violation
Section 14A Disallowance Rejected for No Nexus With Borrowed Funds
No Addition in Unabated Search Year Without Seized Evidence: ITAT Kolkata
Section 54F Deduction Allowed Despite Builder’s Delay in Possession: ITAT Delhi
Rajeev Bansal Rulling Applies: SC Dismisses Revenue Appeal on Income Tax Reassessment Notices
Bombay HC Quashed Reassessment for Being Covered by Prior HC Ruling
Mere “Approved” Not Enough: ITAT Voids Reopening for Mechanical Sanction
Ad-hoc Disallowance Capped at 8% for Estimation Without Rejecting Books
Reassessment Quashed for Mechanical Section 151 Approval: 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.
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.
