Income Tax
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Gujarat HC Quashed Reassessment for Non-Application of Mind in Reopening Notices
ITAT Delhi Quashed Double Additions on Recorded Expenses & Sales Figures
Interest from Employee Loans Taxable as Business Income: Gujarat HC
Interest-Free Advances Not Taxable When No Borrowed Funds Used: ITAT Mumbai
Reassessment Invalid Due to Proceedings Against Dead Assessee: Calcutta HC
ITAT Jaipur Granted Taxpayer One More Chance to Disown PAN-Linked Bank Account
Change in Head of Loss Not Under-Reporting: ITAT Deletes ₹15.19 Cr Penalty u/s 270A
Computer Accessories is Revenue Expense Because of Recurring Nature: ITAT Mumbai
Delhi HC Barred Income Tax Recovery After Payment of 20% of Disputed Demand
Repeated Non-Appearance Not Fatal Where Justice Demands Reconsideration: ITAT Mumbai
ITAT Mumbai Deleted Notional Interest as No Real Income Accrued on Advances to Subsidiary
Section 68 Loan Addition Deleted: No Incriminating Material Found During Search
154-Day Delay: SC Dismisses Revenue Plea in Penny Stock Addition Case
Gujarat HC Deleted Penny Stock Addition Due to Lack of Adverse Evidence
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.
