Income Tax
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No addition as LTCG arose from valid demerger-allotted shares transaction proving genuineness of documentary evidence
Future Annuity benefits not taxable until received: ITAT Ahmedabad
Expenses to Make Property Habitable Allowable as Capital Gain Deduction
ITR-3: Reporting F&O Losses With Successful Validation
Revenue Appeal Not Maintainable After Section 153C Notice Issued to Assessee
Mergers and Acquisitions in India: Analysis
Beyond Delays and Duty Files: AI’s Bold Entry Into Indian Justice
Addition u/s. 69A not sustained without proper inquiry of actual beneficiary of cash deposits: Matter restored
Disallowance of claim of loss set aside as no record demonstrated assessee’s involvement in price rigging
Section 68 Addition of ₹11.66 Cr Unsustainable Without Evidence: ITAT Delhi
ITAT Cuttack Restores Demonetisation Cash Deposit Case for Fresh Hearing
ITAT Chandigarh Favors Assessee in Borrowed Funds Nexus Dispute
Madras HC Allows Set-Off of Business Loss Against Section 50 STCG from depreciable business assets
ITAT Surat Upholds Section 263 Revision for Failure to Examine Notional Rent on Unsold Flats
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.
