Income Tax
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Discontinued Business Does Not Transfer Property Ownership to Partners: ITAT Visakhapatnam
ITAT Confirms Client Funds Are Not Advocate’s Income, Deletes U/s 69A Addition
Disclosure of ESOPs from a Foreign Parent Company in an Indian Employee’s ITR
CIT(A) Misread Balance Sheet – Rs.14.73 Lakh U/s 69C Addition Deleted
Interconnect Service Charges Not Royalty: Karnataka HC Dismisses Appeal
ITAT Restores Section 80P Deduction for Cooperative Society Interest Income
CPC Cannot Override High Court Law: ITAT Deletes PF & ESIC Additions
Ad-Hoc Addition Deleted for Lack of Defects: ITAT Rejects ₹50 Lakh Estimate
When Professional Negligence Meets Harsh Limitation – ITAT Steps In to Protect Assessee
ITAT Orders Re-Examination of FTC Denial Due to Form 67 Mistake
Double Taxation Prevented: Tribunal Deletes Addition as Cash Sales Already Recorded
Consistent Withdrawal Pattern Valid Source – Section 69A & 115BBE Addition Deleted
Commission-Based Business Proven: Tribunal Rejects Section 44AD and Upholds 5% Profit Rate
₹3.32 Cr 69A Addition Remanded as Legal Grounds Not Examined
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.
