Income Tax
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Finance Ministry Clarifies Section 43B(h) and 45-Day MSME Payment Rule
CIT cannot Cancel Section 12A Registration Before Section 12AA(3) Insertion: SC
Section 148 Notice Uploaded After Limitation Time-Barred: Calcutta HC
Gujarat HC Upholds Section 148 Reopening Based on Fresh Survey Material
Madras HC Upholds Additions Based on Corroborated Loose Sheets
Madras HC Upholds Jurisdictional AO’s Power to Issue Section 148A Notice
No Section 43 BMA Penalty for Bona Fide Schedule FA Non-Disclosure of Foreign ESOPs
FCRA Renewal Rejection Alone Cannot Deny Section 12AB Registration: ITAT Mumbai
Insolvency Does Not Prevent Civil Arrest Without Statutory Protection: DRAT Chennai
Advance Sale Consideration Cannot Be Taxed as Unexplained Money: ITAT Hyderabad
Section 148 Notice Quashed for Lack of NFAC Jurisdiction: P&H HC
Bombay HC Quashes Section 148 Notice for AY 2015-16 as Time-Barred
Section 148 Reassessment Quashed for Non-Compliance with Section 151A: Karnataka HC
ITAT Hyderabad Allows TV Serial Production Cost as Revenue Expenditure
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.
