Income Tax
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State or Central Legislature doesn’t have power to levy tax on sale of goods beyond territorial waters of India
Wrong Satisfaction Note Invalidates Section 153C Proceedings Entirely
Once U/s 153C Is Quashed, ₹6.68 Cr Rectification Orders Collapse
Section 115BAC Benefit Can’t Be Denied for Technical Delay
Entire Sale Value Can’t Be Added as Unexplained Cash Under 69A
Resolution for dealing with situation of dissolution to be considered while granting final approval u/s. 80G
Revenue Barred From Reopening JDA Taxability Once Issue Is Settled
Technical & Operational Impediments in Implementation of Section 139(8A)
Transfer Pricing: High-Turnover Companies Cannot Be Comparables for Captive Providers
JAO vs. FAO: Section 148 Reassessment Powers – Evolving Delhi HC and SC Position
Income-Tax Notice Triggered Due to AIS & ITR Mismatch in High-Value Transactions
Assessment Quashed for Failure to Issue Mandatory Show Cause Notice
Consultancy Fees Held Not Taxable Due to Failure of “Make Available” Test
Reassessment Quashed for Invalid Sanction Under Section 151(ii)
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.
