Income Tax
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LTCG Addition Quashed as Revenue Relied Solely on Uncorroborated Third-Party Diary Entries
Section 14A Disallowance Cannot Exceed Exempt Income Earned: ITAT Delhi
No Equalisation Levy on Google Ad Reimbursements as Services Were Provided to Foreign Subsidiary
SC Refuses to Rule on Draft Assessment Order Dispute as Statutory Appeal Remedy Exists
Income Tax Assessment Orders Set Aside as Revenue Issued Demand Notice Along With Alleged Draft Order
ITAT Grants 50% Telescoping Relief as Earlier On-Money Income Was Accepted
LTCG Addition deleted as Revenue Failed to Link Assessee With Penny Stock Manipulation
Kerala HC Dismisses Section 14A Disallowance Appeal as No Exempt Income Was Earned
Section 54F Exemption Allowed as Demolition of New House Is Not a Transfer: ITAT Visakhapatnam
ITAT Rajkot Quashes Reassessment as Escaped Income Was Below ₹50 Lakh Threshold
ITAT Deletes Gold Addition as Jewellery Limits as per CBDT Instruction 1916 Applied
LTCG Claim Allowed as Allotment Letter Conferred Enforceable Rights in Property: ITAT Mumbai
Delayed PF & ESI Deposits Not Deductible as SC Precedent Applies: ITAT Ahmedabad
No Section 271(1)(c) Penalty if Full Disclosure Made in Return & Audit Report: ITAT Rajkot
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.
