Income Tax
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ITAT Delhi Quashes AMP-related TP addition in Sony India matter
Sun-Dried Raisins Remain Agricultural Income: No Tax on Traditional Raisin Making
Section 269SS of Income Tax Act – Cash Loan Above Rs. 20,000/-
Income from House Property – Income Tax Act (FY 2024-25)
Inadequacy of enquiry would not confer power of revision Section 263 Revision
MoU Does Not Trigger Capital Gains Tax; Year of Registered Sale Deed is Relevant
Old Tax Regime vs Section 115BAC – FY 2024-25 (Finance Act 2024 Updated)
ITAT Mumbai Restricts Bogus Purchase Addition to Profit element
No Penny Stock LTCG Additions on Suspicion or Modus Operandi Alone
Brought Forward Business Loss Cannot Offset STCG on Depreciated Assets
Books Audited, Sales Accepted – ITAT Deletes Section 68 Addition on Demonetisation Deposits
Penalty Passed Beyond Time Limit under Section 275(1)(c) Held Invalid
Section 68 Not Applicable on Recorded Cash Sales – Demonetisation Addition Deleted
Delhi ITAT Quashes Omnibus Penalty Notice & Time-Barred Reopening
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.
