Income Tax
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Mandatory approval required from Higher Authority for issuing notice u/s 148 after expiry of 3-Year Limitation
CIT(E) Must Examine Section 80G Applications on Merits, Not Technicalities: ITAT Mumbai
Replacement Cost of Dies and Moulds is Revenue Expenditure: ITAT Mumbai
Delay in Form 10AB Filing Can Be Condoned If Reasonable Cause Exists: ITAT Mumbai
Additions under Section 69C Unsustainable When Source of Expense Is Explained
Bombay HC condones Delay in Filing Form 10B Due to Genuine Hardship
Assessment Order Void When Issued to Non-Existent Merged Entity: ITAT Mumbai
ITAT Deletes TP Adjustment as Intra-Group Services Not Stewardship Activity
Madras HC Upheld Ex Parte Reassessment Order Due to Non-Response to Notice
ITAT Mumbai Allows Exemption for Code-Sharing Income under Article 8 of India-USA DTAA
Income from Nursery and Tissue Culture is Agricultural: ITAT Bangalore
Property Attachment Must Be Lifted After Income Tax Appeals Finalised: Madras HC
Rejection of Section 80G Approval Without Hearing Held Invalid by ITAT Ahmedabad
Bonus Shares Not Taxable as Income: Madras High Court
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.
