Income Tax
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ITAT Rajkot: Interest on Enhanced Compensation Forms Part of Land Value; ₹94.81 Lakh Addition Deleted
ITAT Mumbai Upholds 3% Profit Addition on Bogus Purchases; Full Disallowance Rejected
Redeposit of Earlier Withdrawals Accepted- ITAT Ahmedabad Deletes ₹17.63 Lakh Demonetization Addition
ITAT Guwahati Deletes ₹1.75 Cr Cash Deposit Addition & Quashes 263 Revision
ITAT Ahmedabad Deletes Deemed Rent on 5 Flats: Accepts Genuine Vacancy Claim but Upholds Addition on Office Property
Reassessment on Wound-Up Foreign FPI Held Void: ITAT Quashes ₹456 Cr Addition
Valuation Dispute: ITAT Quashes Penalty U/S 271(1)(c) as Addition Was Solely Based on Estimate
Assessment on Deceased Person Annulled: ITAT Quashes ₹1.73 Cr Addition
ITAT Ahmedabad Restores Section 35(1)(ii) Donation Deduction Appeal for Fresh Hearing
ITAT Ahmedabad Restores Bogus LTCG Addition on Penny Stock ‘Safal Herbs’
VAT vs. Books Difference: ITAT Deletes Purchase Disallowance on ITC Reversal
Dead Firm, Live Notice: ITAT Rajkot Quashes Reassessment Against Non-Existent Entity
Invocation of rule 8D impermissible without recording non-satisfaction in terms of section 14A(2)
Settlement payment towards patent disputes is allowable business deduction u/s. 37(1)
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.
