Income Tax
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Gujarat HC Quashes Reassessment as Warranty Provision Was Scientifically Estimated
Online Gaming Addition Deleted as Records Showed Net Loss Instead of Winnings
ITAT quahes ₹1.5 Lakh Penalty as Failure to Obtain Tax Audit Was Not Deliberate
ITAT Restricts Bogus Purchase Addition as Only Profit Element Can Be Taxed
Section 54/54F Exemption Allowed despite Non-CGAS Deposit if Sale Proceeds Invested in House on Time
BSNL VRS-2019 Compensation Exempt as Retrenchment Compensation: ITAT Pune
Indexed Cost Can’t Be Reduced When Entire Property Rights Are Surrendered: ITAT Pune
ITAT Deletes ₹75 Lakh Addition Due to Absence of Evidence of Property Sale
ITAT Delhi Restricts Section 69 Addition as Unsupported Extrapolation Lacked Evidence
ITAT Allows LTCL as Revenue Took Contradictory View on Identical Facts
ITAT Quashes Section 153C Order as Composite Satisfaction Note Lacked Year-Wise Bifurcation
Section 10AA Deduction Cannot Be Denied as CA Filed Wrong Form: ITAT Ahmedabad
Forex loss from ECB & capital transactions is non-operating for TP purposes
Higher Employee Remuneration Cannot Be Rejected Solely Due to Lower Revenue
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.
