Income Tax
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CSR Donations Allowed Under Section 80G Despite Business Disallowance
Director Liable for Unexplained Credits Despite Transfer to Company: ITAT Ahmedabad
Post-Search Flat Booking Cannot Trigger On-Money Tax Addition: ITAT Ahmedabad
Interest on Unused Commercial Property Not Business Expense, but Allowable u/s 24(b): Jaipur ITAT
Gross Interest Can’t Be Taxed Ignoring Interest Cost: Ahmedabad ITAT
Ex-Parte Assessment Set Aside with Costs, Cash Deposit Case Remanded
Borrowed Satisfaction: Guwahati ITAT Quashes 147 Reopening & 68 Addition on Alleged F&O Loss
Addition quashed as cash deposit during demonetization was redeposit of cash already withdrawn
Reopening for Section 68 but Taxing u/s 115BBC Is Jurisdictional Mismatch: Pune ITAT Quashes Reassessments
Omnibus Section 153D Approval Invalid, Entire Search Assessment Quashed
Stamp Value Disputed, Section 50C Cannot Apply Without DVO
₹94.89 Lakh U/s 69A Addition Remanded Due to Medical Emergency
Search Jewellery Addition Cut for Arbitrary Expense Estimation
Penalty Under Section 270A Deleted After 153A Assessment Fails
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.
