Income Tax
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Tax Implication On Cross-Border Mergers & Acquitisions
Addition Deleted as Purchases Cannot Be Treated Bogus Without Rejecting Books
No Proof, No 100% Disallowance: Tribunal Cuts Commission & Rent Claims
Penalty Not Automatic: ITAT Cancels 272A(2)(e) Fine Due to COVID and Communication Gaps
Loose Slip Not Linked- Rs. 43.71 Cr Section 69C Addition Deleted as Dumb Document
Tenant’s Purchases, Not Landlord’s: ITAT Dismisses Wrong Addition in Factory Lease Case
No Evidence, No Relief: 2247-Day Late Appeal Dismissed by ITAT
Temporary Factory Letting Doesn’t End Business: ITAT Holds User Charges as Business Income
Reassessment Proceedings Set Aside for Ignoring CIRP Moratorium and Clean-Slate Principle
ITAT Deletes Rs. 63L Deemed ALV Addition: Real Rent Only Counts
High Court Dismisses Revenue Appeal: No Reassessment Without Incriminating Evidence
Section 54 Exemption Allowed Despite Property Purchased in Spouse’s Name
No PE Without Physical Presence: Court Rejects Virtual Tax Nexus Under DTAA
Deduction Denial Reversed for Failure to Route Provision Through P&L
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.
