Income Tax
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Karta of a HUF: The Pivot of Authority under Hindu and Tax Law
Income from Accommodation Entries Restricted to 8% on Estimation Basis
Blending With Huf: Tax Without Relief
Hasty Cash-Deposit Additions Set Aside: ITAT Restores Matter to AO for Fresh Hearing
Surplus from Educational Activities Doesn’t Convert Trust into Business
Gift Deed for ₹26.36 Lakh Cash Gift Admitted at ITAT Stage in Interest of Justice
Treating outstanding sub-contract expense as unexplained u/s. 68 without specific reason is not tenable
Estimation of Net Profit Mandatory Once Books Are Rejected
Notional Interest on Interest-Free Advances Rejected Under Real Income Theory
Insufficient Activity Details Require Clarification, Not Straight Rejection
TP Issue Remanded for Limited Verification, Appeal Allowed for Statistical Purposes
Share Valuation Under Section 56(2)(viia) Set Aside for Mechanical Approach
Interest on trade receivables to be computed by applying LIBOR based rate
Tribunal Flags Error in Applying Section 14A to Non-Yielding Investments
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.
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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.
