Income Tax
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Mere differences in opinion between ITO & PCIT cannot justify revision: Delhi HC
Revenue Cannot Adjust AMP Expenses Without Tangible Evidence: Delhi HC
Depreciation Allowed on Trucks Registered in Partners’ Names by ITAT Mumbai
Section 271(1)(c) Penalty Notices Without Specific Limb Quashed: Delhi HC
ITAT Deletes ₹15 Crore Section 68 Cash Credit Addition on Old Car Sales Proceed
Section 10(10A) Commutation Pension Exemption allowable Despite Subsequent Employment
Calcutta HC Denies Interest on Refund Adjusted Beyond 20% Pending IT Appeal
Section 148 Reassessment Stayed Pending SC Verdict: HP HC
Kerala HC Restores Tax Appeal Dismissed for Delay; Cites AO’s Natural Justice Breach
Bombay HC Admits Appeal on Cash Payment Disallowance u/s 40A(3)
Mazumdar Shaw Foundation Gets Scientific Research Tax Approval
Project Terminated, Shares Worth Zero – ITAT Allows ₹68 Cr Capital Loss Strikes Down 68 Addition
Tax Relief on Peak Credit: ITAT Accepts Source of Funds Proved by Group Entity Confirmations
Share Premium Not Taxable: ITAT Rules Section 56(2)(viib) Not Applicable to Holding-Subsidiary Transactions
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.
