Income Tax
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Cash Deposit Addition Deleted as Bank Withdrawals Explained Deposit Source: ITAT Kolkata
Section 10A Deduction Allowed as New STP Unit Not Formed by Splitting Up: Bombay HC
Reopening notice u/s. 148 issued after surviving period is time-barred and hence set aside
ITAT doesn’t have jurisdiction to review its earlier order rectification petition u/s. 254(2)
Additions Quashed for Being Based Solely on Section 133A Survey Statement: Chhattisgarh HC
Section 80P(2)(d) Deduction Allowed on Interest from Co-operative Bank Deposits: ITAT Surat
No Section 153A Addition if no Incriminating Material Found in Search: Bombay HC
LIBOR Rate more suitable for benchmarking loans/advances to associated enterprises in foreign currency
Delay of filing of appeal before CIT(A) not condoned as sufficient cause not shown
Understanding Key Concepts in DTAAs
Filing Form 10F for Non-Residents Without PAN – A Practical Guide
Survey Statements Alone Can’t Justify Bogus Purchase Additions
Concessional LTCG Rate for Non-Residents Overrides Higher TDS Demands
Rs. 113.46 Crore Section 68 Addition Fails Due to Jurisdictional Defect
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.
