Income Tax
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Delhi ITAT: Reassessment Beyond 3 Years Invalid Below ₹50 Lakh – AYs 2014-15 & 2015-16 Quashed
Delhi ITAT: Post-1 April 2021 Deemed Search Invalidates Section 153C Notice & Assessment
Delhi ITAT: Ex-Parte U/s 12A & 80G Rejection Set Aside; Trust Gets Fresh Hearing on Irrevocable Clause
Ahmedabad ITAT: ₹18.31 Lakh Cash Deposit Addition Restored for Bank Verification
ITAT Hyderabad Excludes 6 TP Comparables for Turnover and Functional Differences: Infor India
ITAT Bangalore Excludes Infosys and 3 Comparables for TP Benchmarking Differences
ITAT Mumbai Remits TP Issues, Allows Working Capital Adjustment: Red Hat India
Bangalore ITAT Applies Turnover and RPT Filters, Allows Section 10A Deduction
ITAT Hyderabad Excludes TP Comparables, Deletes Receivables Adjustment
ITAT Bangalore Remands Interest on AE Receivables for Fresh TP Benchmarking
Bangalore ITAT Allows 80JJAA Deduction and Lease Rentals, Remands Software Expenses
Delayed Tax Payment Does Not Constitute Evasion Attempt Under Section 276C(2): Karnataka HC
ITAT Mumbai Excludes Infosys, Wipro and Other Comparables in Software Development ALP
ITAT Bangalore Excludes High-Turnover Comparables in Software Development ALP
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.
