Income Tax
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SC: Capital Gains from Indirect Share Transfer Taxable; DTAA protection denied
Section 148 Notices Void as Issued Outside Mandatory Faceless Scheme
ITAT Mumbai Restricts Bogus Purchase Addition to 6%; Full 69C Disallowance Set Aside
Joint Income Tax Returns for Married Couples: A Policy Shift Ahead?
Joint Owner (Housewife) Not Taxable u/s 56(2)(vii)(b) Where Spouse Paid Entire Consideration
Section 271(1)(c) Penalty Quashed for Vague Notice Without Specifying Charge: ITAT Indore
Section 148 Notice Invalid for Breach of Faceless Reassessment Scheme
No TDS on Foreign Commission Where Income Not Chargeable in India: ITAT Agra
Protective Additions fails Once Substantive Additions Confirmed: ITAT Chandigarh
Trust Registration Cancellation Quashed for Lack of Jurisdiction
Indexed Cost of Land Cannot Be Denied on Presumption: ITAT Hyderabad
Commission Disallowance Deleted as Payments Held Mandatory Royalty
PCIT Oversteps Powers by Ordering Penalty Without Assessment Finding
PCIT Cannot Act on AO’s Proposal: ITAT Pune Quashes Section 263 Revision
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.
