Income Tax
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Cash System u/s 145(1) Accepted, Interest Nexus u/s 57(iii) Must Be Proved: ITAT Hyderabad
Wrong Approval Quashes Reassessment & Section 270A Penalty: Hyderabad ITAT
Builder Delay Can Trigger TDS Interest for Homebuyers
MEIS Rewards Taxable as Revenue Receipt from AY 2016-17: ITAT Mumbai
Gujarat HC Dismisses Reassessment Appeal Where Recorded Reasons Produced No Addition
Section 272A(2)(e) Penalty Cannot Continue Beyond Section 139(4): Chennai ITAT
ITR Upload Failure: Madras HC Accepts Screenshot, Orders Portal Access
ITAT Directs Interest-First Income Tax Refund Adjustment Under Section 244A
Kerala HC Remands Medical PG Stipend vs Salary Dispute for Fresh Assessment
ITAT Kolkata Remands JDA Capital Gains Dispute for Fresh Merits Adjudication
Section 54 Shortfall Not Taxable in Original Year: Mumbai ITAT Deletes Penalty
Gujarat HC Allows Section 11(1A) Exemption to Charitable Trust, Quashes Section 264 Rejection
Bogus Purchases & Sales Cannot Justify Entire Purchase Addition; 5% GP Applied: Delhi ITAT
ITAT Ahmedabad Dismisses Revenue Appeals on Goodwill, Electricity & Steam Valuation
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.
