Income Tax
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SC settles Section 44C debate: Even ‘exclusive’ HO expenses for Indian branches hit by 5% cap
Revenue Appeal Rejected for Lack of Substantial Question in Transfer Pricing Dispute on Intra-Group Services
Section 153C cannot be applied or invoked against searched person: Karnataka HC
Third-Party Statement Alone Can’t Sustain ₹63.75 Lakh Addition: ITAT Ahmedabad
Application u/s. 80G inadvertently considered as application u/s. 12AB: Matter restored
ITAT Allows Additional Evidence in ₹1.11 Cr Cash Deposit Case of Widow
Internal Director Disputes Not ‘Genuine Hardship’ for ITR Filing Delay: Delhi HC
Section 271(1)(c) Penalty Proceedings Failed Because Levy Exceeded Scope of Notice
Section 153A Assessment Restored Because Appeal Was Decided Ex Parte
Rs. 4.55 Crore Addition Invalid as Bogus Purchases Were Recorded in Books: ITAT Delhi
SC Upholds Quashing of Reassessments for Sanction Under Wrong Provision
Bombay HC Quashed Reassessment Notices Due to Invalid Sanction Under Wrong Provision
Bandwidth Charges Not Taxable as Royalty Under India-Singapore DTAA: ITAT Delhi
Sale of Property in India by a Non-Resident – Tax and TDS Provisions
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.
