Income Tax
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Hyderabad ITAT Upholds Section 56(2)(x) Addition Based on Stamp Duty Value on Sale Deed Date
ITAT Sets Aside Reassessment for Failure to Record Material Disclosure Default
Technical Consultancy Services Taxable Under Section 44ADA, Not Section 44AD: Raipur ITAT
Curable Procedural Defect Cannot Justify Rejection of Section 12AB Registration: ITAT Chandigarh
ITAT Remands Trust Loss Assessment Before Allowing Beneficiary’s Share
ITAT Allows Section 54 Exemption & Remands Agricultural Land Capital Gains Issue
ITAT Quashes Section 148 Reassessment for Invalid Section 151 Approval
Delhi HC Grants Interim Relief to Judges in Tax Regime Dispute
Mumbai ITAT Deletes Section 68 Addition as Revenue Failed to Prove Penny Stock Transactions Were Bogus
Telangana HC Sets Aside Rejection of Form 10-IC Delay Condonation
ITAT Deletes AMP Transfer Pricing Adjustment Based on Bright Line Test
ITAT Validates Section 147 Reassessment for Non-Disclosure of Waived Partner Capital Deduction
ITAT Restricts Section 14A Disallowance to Investments Earning Exempt Income
ITAT Mumbai Deletes Restriction on Section 80IA Deduction Up to Gross Total Income
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.
