Income Tax
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Entire Cash Turnover Can’t Be Taxed as Income: ITAT Rajkot
Project Completion Method Upheld, Revenue Appeal Dismissed
Non-Compete Fee Allowed as Revenue Expense Because It Does Not Create Capital Asset
Ex-Parte Assessment & NFAC Dismissal Set Aside; ITAT Pune Orders Fresh Adjudication
Section 148 Notice Invalid Without PCIT/PCDG Sanction After 3 Years
Section 69A Addition Deleted After NRI Husband’s Creditworthiness Established
Deduction Allowed as Interest from Co-operative Bank Qualifies Under Section 80P(2)(d)
Income Tax Rectification Order Quashed for Missing DIN & Limitation Breach
Stay Application Rejected Without Reasons Set Aside as Non-Speaking Order by Bombay HC
ITAT Mumbai denied Rectification as Later SC Ruling Not a ‘Mistake Apparent’
Cooperative Bank Interest Income Eligible for Section 80P(2)(d) Deduction
CSR Donations Eligible for Section 80G Deduction Despite Section 37 Disallowance
AO Cannot Reopen Assessment Based Only on Investigation Inputs
Indexation Benefit Directed as CIT(A) Omitted Mandatory Section 48 Relief
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.
