Income Tax
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Delayed ITR Filing: Delhi HC Reaffirms Liberal Interpretation of ‘Genuine Hardship’ in Condonation
Charitable Trust Can’t Be Denied Tax Exemption for Delayed Form 10B Filing: Bombay HC
Software License Fees Paid to UK Company Not Taxable as Royalty: Karnataka HC
Service Tax Liability Arises Only on Actual Receipt of Funds – ITAT Upholds Deletion of Rs. 3.62 Cr Addition
Tribunal Deletes ₹25 Lakh Bank Deposit Addition for Illiterate Agriculturist
No need to file Form 10EE every year once it has been filed for a year: ITAT Mumbai
ITAT upholds 50% HRA Disallowance due to joint tenancy with brother, Deletes Investment & Gift Additions
ITAT Reduces Unexplained Investment Addition, Considers Socio-Economic Status & Family Savings
Calcutta HC Directs Expedited Disposal of ITAT Restoration Application
ITAT Cuttack Condones One-Day Delay in Filing Form 10B for Educational Trust
ITAT Bangalore Allows Net Profit Taxation Despite Denial of Section 80P Deduction
ITAT Slams Revenue for Wrongly Denying TDS Credit on Property Sale to Non-Resident
ITAT deletes Section 68 Addition for cash withdrawals by a fruit commission agent
ITAT Kolkata Allows Appeal Withdrawal, Permits Fresh Filing if Sec. 119(2)(b) Petition Fails
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.
