Income Tax
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Disallowance of interest upheld as documentary evidence proving availment of housing loan not provided

Outsourcing solutions to Indian subsidiary doesn’t result in creation of PE

Deduction Disallowance Remanded Because Net Impact Was Nil

12AB Registration Restored Due to Denial of Proper Hearing

Reassessment Quashed Because Section 148 Notice Was Time-Barred

Demonetisation Cash Deposit Addition Quashed for Recorded Sales Evidence

Ex-Parte Share Trading Additions Set Aside for Fresh Verification

Capital Gains Appeal Revived Due to Improper Rejection on Limitation

Addition Deleted Because Survey Statement Was Retracted and Uncorroborated

Reassessment Upheld Because Return Was Filed on Day of Assessment
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.

