Income Tax
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Mumbai ITAT Upholds Depreciation on Goodwill from NCLT-Approved Amalgamation
Mumbai ITAT Deletes ₹35.60 Lakh CCM Addition; Investigation Wing Information Alone Not Enough
HC Sets Aside 200% Section 270A Penalty for Misreporting Due to Defective SCN
Bangalore ITAT Allows Section 80P Deduction on Bank Interest, Distinguishes Totgars
ITAT Deletes Section 41(1) Addition on Unclaimed Student Caution Money Deposits
ITAT Allows Section 80G Registration Despite Religious Object Clause in Trust Deed
ITAT Allows Section 80P(2)(d) Deduction on Interest from Collateral Fixed Deposits
Rajasthan HC Quashes Section 276C Prosecution After ITAT Deletes Penalty
Gujarat HC Quashes Section 179 Proceedings Against Directors, Orders Fresh Notice
Gujarat HC Allows Section 80-I Deduction on Industrial Profits Without Section 32AB Reduction
Bombay HC Quashes Section 148 Notice for Escaped Income Below ₹50 Lakh
Mumbai ITAT Quashes Reassessment as Escaped Income Below ₹50 Lakh
Pfizer Ex-Gratia Payment as Capital Receipt, ITAT Pune Deletes Addition
Voluntary Ex-Gratia Under Pfizer Scheme Is Capital Receipt: ITAT Pune
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.
