Income Tax
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Draft Income Tax Rule 8 – Computation of period of stay in India for an Indian Citizen being a member of the crew of a foreign bound ship
Draft Income Tax Rule 7 – Guidelines for notification of zero coupon bond
SC Allows Revenue to Seek Reconsideration on Faceless vs Local Jurisdiction in Reopening Cases
Punjab & Haryana HC Quashes Section 148 Notice for Bypassing Faceless Assessment
TDS Prosecution Quashed After Compounding Fee Paid and 40-Year Delay
Draft Income Tax Rule 6 – Method of determination of period of holding of capital assets in certain cases
Draft Income Tax Rule 5 – Procedure for notification of a recognised stock exchange for the purposes of section 2(92) of the Act
Draft Income-tax Rule 4 – Conditions for Notification as Recognised Stock Exchange under Section 2(92)
ITAT Pune Allowed Section 54F Deduction as Entire Sale Proceeds Invested Within Time
Draft Income Tax Rule 3 – Prescribed arrangements for declaration and payment of dividends within India
Form 3CL for weighted deduction u/s. 35(2AB) not mandatory for period prior to AY 2016-17
Recharacterising Offshore Transactions: India’s Evolving Stand under Sections 9 & 195
Section 195 TDS on Share Purchase from Non-Resident: Complete LTCG Guide
Comparative Overview of Salary Allowances under Old and New Income tax Act
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.
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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.
