Income Tax
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Supreme Court Backs Section 17A Shield for Official Decisions
Mauritius DTAA doesn’t come to rescue & Tiger Global is liable to Tax: SC
Tiger Global Decision- Fairness and Tax Certainties
Disallowance of business loss without pointing out specific defects is impermissible
Section 80P(2)(d) Cannot Be Denied for Co-operative Bank Income
80P deduction admissible on interest earned by co-operative society from deposits with co-operative and nationalized banks
Disallowance on alleged fictitious loss without incriminating material cannot be sustained
Writ dismissed as reassessment notice u/s. 148 held to be in time
Unsecured Loan Addition Unsustainable Without Contrary Evidence
Debatable MAT Computation Cannot Be Rectified Under Section 154
Section 263 Revision Quashed for Absence of Exempt Income
Ex-Parte Appeal Dismissal Set Aside for Lack of Reasoned Order
Reassessment Quashed as JAO Lacked Jurisdiction After Faceless Scheme
Appeal Dismissed on Delay Remanded for Merits Despite Non-Compliance
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.
