Income Tax
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ITAT Chandigarh Remanded Cash Deposit Additions Over Multiple PAN Issue
ITAT Bangalore: ₹200 Crore Turnover Filter Applied to SWD & ITeS TP Comparables
ITAT Bangalore: Software TP Adjustment Reworked After ESOP and Comparable Analysis
ITAT Bangalore: Software TP Adjustment Remanded Using ₹200 Crore Turnover Filter
ITAT Bangalore Excludes High-Turnover Comparables in Software Development TP Adjustment
ITAT Bangalore: Tally Solutions Excluded as Functionally Dissimilar to Wipro
Gujarat HC Quashes Income Tax Assessment for Only Two Days’ Response Time
Karnataka HC Sets Aside Faceless Assessment for Inadequate Show-Cause Notice Time
Delhi HC Rejected Bogus Purchase Addition for Duly Explained Purchases
SC Dismissed Revenue’s Section 263 SLP as AO Had Taken a Plausible View
Calcutta HC: Section 263 Cannot Substitute AO’s Plausible View on GP Addition
SC Upheld Section 263 Relief as AO Had Examined Unsecured Loans
Calcutta HC: Revenue’s Section 263 Appeal Dismissed as Loan Inquiry Was Adequate
Gujarat HC: Reopening Quashed as No Fresh Tangible Material Was Found
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.
