Income Tax
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Carbon Credit Receipts Are Capital, Not Taxable Before AY 2017-18; Excluded from MAT: ITAT Delhi

Section 271C Penalty of ₹101 Cr Stayed for Belated TDS Deduction, Subject to ₹4 Crore Deposit: Madras HC

CSR Donations Eligible for Section 80G Deduction; Belated Form 67 Can’t Defeat FTC: ITAT Mumbai

Appeal Restored as ITBA Upload Alone Is Not Valid Section 282 Service: ITAT Bangalore

Section 12AB Registration Cannot Be Rejected Solely as Time Barred: ITAT Mumbai

AO Cannot Reject Registered Valuer’s Report Without DVO Reference: ITAT Delhi

ITAT Chennai Remands Global IT Services TP Adjustment, Orders Verification of Section 80JJAA Claim

Bank Liable for TDS on LFC with Foreign Travel Absent Court Protection: ITAT Agra

Consequential Assessment Void After Section 263 Order Is Set Aside: ITAT Mumbai

ITAT Mumbai Deletes Section 271AA Penalty for Bona Fide AE Non-Reporting

Invalid Section 148 Notice Service Leads to Reassessment Remand: ITAT Amritsar

Assessee Not Liable for TDS on Stockists’ Margins, ESOP Grants & MSME Interest: ITAT Mumbai

Section 244A Interest Cannot Be Denied for Post-Refund Determination Delay: Bombay HC

Bona Fide Wrong Tax Claim Not Concealment of Income: ITAT Panaji
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.

