Income Tax
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ITAT Delhi Deletes Section 56(2)(viib) Share Premium Addition Based on DCF Valuation
Section 234B Interest Waiver Rejection Upheld by Kerala High Court
Form 10-IC Continues for Subsequent Years Under Section 115BAA: ITAT Indore
ITAT Amritsar Deletes ₹3.97 Crore Addition Based on Husband’s Document
Section 68 addition impermissible in wrong year despite alleged colourable device: Delhi HC
Tenancy Rights Transfer Taxable, Mumbai ITAT Remands FMV Determination to AO
ITAT Hyderabad Allows Section 54F Deduction for 13 Residential Units
ITAT Pune Holds Vaki Land a Capital Asset, Denies Section 54B Deduction
ITAT Mumbai Deletes Four Penalties Where Department Issued PAN in Wrong Status
ITAT Delhi Allows Rs. 4.24 Crore ESOP Deduction Under Section 37(1)
Section 68 Inapplicable to Earlier-Year Funds Converted into Preference Shares: ITAT Delhi
ITAT Varanasi Allows 80G Appeal Where Application Was Filed Under Wrong Provision
Royalty Adjustment Deleted, Commission Benchmarking Remanded: ITAT Ahmedabad
Post-2021 Search Assessments Without Section 148 Proceedings Invalid: ITAT Delhi
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.
