Income Tax
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Interest on Bank Deposits Allowed as 80P Deduction Due to Business Nexus
Revenue Appeal Fails Due to Wrong Assessment Year for Cash Investment
LTCG Claim Reopened Due to Preferential Allotment Concerns
Demonetisation Cash Deposits Taxed Due to Unreliable Cash Sales Claim
Search Assessments Quashed Due to Defective Section 153D Approval
PCIT Action Invalid for Failing Twin Conditions Under Section 263
Bogus Purchases Partly Disallowed Due to Accepted Sales
Purchase Addition Reduced as Manufacturing Reality Considered
Extended Limitation Cannot Apply to Expense Disallowances
Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?
80P Deduction Denied as Bank FD Interest Lacked Nexus with Credit Facilities: ITAT Chandigarh
ITAT Kolkata Quashed Reassessment for Borrowed Satisfaction in Share Capital Case
ITAT Mumbai Allowed Telescoping of Estimated Commission Based on Earlier Years
ITAT Delhi Set Aside Section 143(1)(a) Addition for Lack of Hearing
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.
