Income Tax
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Retraction of voluntary disclosed income without giving evidence of coercion not permissible
TNMM wrongly rejected as most appropriate method for benchmarking guarantee fee as risk not undertaken
Year-End Provisions Attract TDS – Disallowance u/s 40(a)(ia) Does Not Bar Action u/s 201 – Matter Restored for Limited Verification – ITAT Bangalore
Provisions Related To Advance Tax Payments Under Income Tax Act, 2025 – FAQs
Factory Renovation Held Revenue Expense Because No New Asset Was Created
Faceless Reassessment Invalid Because Section 151A Scheme Was Not Yet Notified: ITAT Kolkata
Reassessment Notice Quashed as Issued Beyond Surviving Limitation Under TOLA and Section 149
Seismic survey services in connection with oil exploration is not in nature of FTS/Royalty
Appeal Rejected as Not Maintainable Because Filed Before Incorrect ITAT Bench
No TDS on Excess Interest Spread as Originator Not an Investor Under Section 194LBC
Calcutta HC Orders Re-evaluation of Income Tax Refund Claim Because Records Date Back Three Decades
ITAT Mumbai Denied Section 80JJAA Deduction as Claim Not Made in Original Return
Rs. 50 Lakh LIC Investment Treated as Unexplained Due to Failure to Prove HUF Source
153A Assessment Quashed Because No Incriminating Material Found in Assessee’s Search
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.
