Income Tax
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Pre-Production FD Interest Not Taxable: ITAT Deletes ₹14.45 Lakh Addition
Loan routed through banking channels & repaid with interest & TDS – Section 69A Addition deleted
Receipt for sale of copyrighted IFE video/audio content, not royalty: ITAT Delhi
ITAT Cochin Allows Section 54F Deduction for Essential Plumbing, Excludes Luxury Interiors
ITAT Nagpur Restores Appeal Dismissed for Non-Prosecution Due to Short Notices
ITAT Nagpur Remands AY 2018-19 Ex-Parte Loan Addition for Fresh Hearing
Excess Stock During Survey is Business Income, Not u/s 69B- 115BBE Cannot Apply
Copyrighted Article vs Copyright – Subscription Fees Not Taxable as Royalty: ITAT Delhi
Section 153C Prevails Over Section 144 for persons other than searched person
Assessee Must Prove Cash Belonged to Employer – Appeals Remanded for Fresh Hearing
Mumbai ITAT Deletes ₹7 Lakh Section 69 Addition for Non-Resident Assessee
ITAT Mumbai Deletes ₹49 Lakh 69A Addition on CSR Donation
ITAT Raipur Quashes Assessment for Mechanical Approval u/s 153D
Belated Return Not Fatal for Section 11 Exemption Prior to AY 2018-19: ITAT Cochin
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.
