Income Tax
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Reassessment Quashed Due to No Failure to Disclose Material Facts
Reassessment Quashed Due to Change of Opinion on Share Capital Scrutiny
Additions Can’t Be Based on Suspicion, ITAT Deletes 2.5% Profit
Purchase Return Dispute Not Misreporting, Penalty Quashed
Penalty Deleted as Audited Books Existed Despite Rejection for Defects
Interest on Commercial Property Loan Disallowed as Business Expense Due to Non-Use
Can Interest on home loan be added to cost of acquisition when computing capital gains?
Mechanical Invocation of Section 263 at AO’s Behest Held Bad in Law
Section 271D Penalty Fails Without AO Satisfaction or Pending Assessment Proceedings
JAO-Issued Section 148 Notice Held Void Under Faceless Scheme
Revision u/s. 263 for non-verification of notional interest not justified as it is taxable only on maturity
Comparable Excluded Due to Functional Dissimilarity in Software Development Transfer Pricing
Deemed Dividend Not Attracted Because Advances Arose from Genuine Commercial Transactions
Section 263 Revision Quashed as AO Examined Depreciation on Goodwill: Gujarat HC
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.
