Income Tax
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Interest on trade receivables to be computed by applying LIBOR based rate
Tribunal Flags Error in Applying Section 14A to Non-Yielding Investments
Unsigned Appeal Not Maintainable: ITAT Mumbai Dismisses Case, Allows Recall
Scrutiny Assessment Set Aside Due to Invalid 143(2) Notice
Section 68 Addition Deleted After Investors Prove Identity, Genuineness and Creditworthiness
Penalty Deleted as Cash Sale Consideration at Registration Held Outside Section 269SS
No Book Rejection, No Adhoc Profit: ITAT Mumbai Deletes 1% Closing Stock Addition
Cash Sale Consideration Before Sub-Registrar Not Hit by Section 269SS: ITAT Hyderabad
Reopening of Assessment Invalid Where Investor Not Linked to Alleged Sham Transactions
Delay Condoned ≠ Merits Heard: ITAT Mumbai Remands Faceless Appeal for Fresh Adjudication
Section 80IC Deduction Allowed: ITAT Delhi Rejects Sham Amalgamation Claim
Addition u/s. 69A deleted as genuineness of transaction proved and shares sold as ordinary investor
NSEL Transactions Not Unexplained Money: ITAT Kolkata Upholds Deletion u/s 69A
IFE Content Is Not Royalty: ITAT Delhi Applies DTAA Override Deletes Tax on In-Flight Entertainment Fees
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.
