Income Tax
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No TCS on Illegal Mining Compounding Fees Under Section 206C(1C): SC
TCS Cannot Be Collected on Illegal Mining Compounding Fees: Chhattisgarh HC
ITAT Deletes Section 35(2AB) Disallowance as AO Cannot Override DSIR Approval
Land Acquisition Compensation Cannot Be Subjected to TDS as It Arises From Compulsory Acquisition
ITAT Delhi Quashes Reassessment as Reopening Was Based Only on Audit Objection
Delhi HC Declines to Entertain Writ Due to Lack of Territorial Jurisdiction in DSIR Tax Benefit Dispute
Calcutta HC Denies Section 12AB Exemption as Microfinance Activities Had Commercial Elements
Commonly observed AIS mismatches that can Trigger Income Tax Notice
Telangana HC Rejects Writ Against Income Tax Intimation Due to Delay, Directs Assessee to Approach ITAT
Political Donations under Section 80GGC: Legal Challenges & Strategies
Reassessment Quashed as AO Used Section 147 Instead of Mandatory Section 153C
ITAT Deletes Section 68 Addition as Customer Advances Were Regular Business Receipts
Section 263 Proceedings Quashed as AO’s Order Was Not Erroneous in Jewellery Case
ITAT Quashes Section 270A Penalty as AO Failed to Specify Exact Clause
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.
